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exton
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PostPosted: Wed Apr 04, 2007 5:08 pm    Post subject: Reply with quote
So, you say that the interest paid is the money created, which represents inflation.

Now i ask, where do you think the people who pay the interest get that money from?
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thelast007
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PostPosted: Wed Apr 04, 2007 7:47 pm    Post subject: Reply with quote
exton wrote:
So, you say that the interest paid is the money created, which represents inflation.

Now i ask, where do you think the people who pay the interest get that money from?


Don't have to think about this one either.

(You keep going in a circle. You asked this before.)

They get it from earning it. when they go to work to pay the interest it is finnaly paid back to the reserve private owners.

the fed spends it back into the economy bidding prices higher.

So when you go purchase something with your same little earnings are not able to buy as much.

The value of your dollar goes down because you can not buy as much with the same dollar.

again i say the same thing, WHEN MONEY SUPPLY INCREASES AHEAD OF THE GROWTH/INCREASE OF GOODS, SERVICES, AND PRODUCTION inflation takes place.

the input of money (inflation) has to take place to keep the fed in business.

Our system does not operate with a set amount of money in circulaton and dollars are only printed as goods and services increase.

That was one senario in the example i gave.

Our system operates on the "add more money. who cares if prices rise as long as i'm the highest bidder"

that is the other senario in the example i gave.

do you surrender yet? Twisted Evil
joking Laughing
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exton
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PostPosted: Wed Apr 04, 2007 9:51 pm    Post subject: Reply with quote
thelast007 wrote:
exton wrote:
So, you say that the interest paid is the money created, which represents inflation.

Now i ask, where do you think the people who pay the interest get that money from?


They get it from earning it. when they go to work to pay the interest it is finnaly paid back to the reserve private owners.


Indeed.

And so, to pay off that interest, they have to do an amount of work equal to that amount of money. The amount of wealth in the economy necessarily increases by that much in order for the interest to be paid off.

And so i ask: where's the inflation?

Quote:

the fed spends it back into the economy bidding prices higher.

So when you go purchase something with your same little earnings are not able to buy as much.

The value of your dollar goes down because you can not buy as much with the same dollar.


Do you know how the fed actually controls the amount of money in the economy? That is, do you know exactly what it is that they do?
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thelast007
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PostPosted: Thu Apr 05, 2007 12:51 am    Post subject: Reply with quote
exton wrote:
thelast007 wrote:
exton wrote:
So, you say that the interest paid is the money created, which represents inflation.

Now i ask, where do you think the people who pay the interest get that money from?


They get it from earning it. when they go to work to pay the interest it is finnaly paid back to the reserve private owners.


Indeed.

And so, to pay off that interest, they have to do an amount of work equal to that amount of money. The amount of wealth in the economy necessarily increases by that much in order for the interest to be paid off.

And so i ask: where's the inflation?

Quote:

the fed spends it back into the economy bidding prices higher.

So when you go purchase something with your same little earnings are not able to buy as much.

The value of your dollar goes down because you can not buy as much with the same dollar.


Do you know how the fed actually controls the amount of money in the economy? That is, do you know exactly what it is that they do?


i was waiting for you to get into wages and prices. That's why i asked if you wanted me to go into that in a previous post but i thought you understood.

so here it goes...

you are working at salary that increases at 1% a year. (If you have a fixed rate on all your loans fine. if you have no loans fine.)

HOWEVER

interest rates are increasng or decreasing 1.1-5% a year or going down 1.1-6% a year. No matter prices are rising.(if that sounds weird i can explian. let me know)

this sends prices up and down. but prices are rising. (let me know if you need me to explain that) but remeber your wages are only going up 1% a year.

so prices are going up(meaning the buying power of your wages are going down) faster than your wages are increasing to afford it.

Even if you have a fixed rate or no loans it doesn't matter. based on the interest rate others with loans use to buy or sell it affects the price of how much you have to pay when you buy or sell.


Our fed. reserve has always over supplied money ahead of the increase of goods and services so we are always in a loosing race against inflation.

I would love to live where ever you live becasue obviously there is not inflation there.

You must not live in America. inflation is a reality here that we live with.

Example in my country is the recent foreclosure crisis. The fed pumped in money buy lowering interest rates. Money was cheap. Prices rose high.

No one could afford the new inflated things becasue wages did not increase as fast as the prices increased all around the board.

So now the fed wants to suck money out or raise interest rates to bring prices back down but they can't do it too fast or it would cause economic shock that could cause a few problems, (i can go into those problems if you like.)

Exton, inflation is real!

FYI America has inflation all the time. Fed works hard to keep it under controll when in acuality if things were not the way they created them there would be no inflation.

the answer to the second part is yes. i know how and what. they do a good job at it too. AND ONE OF THE THINGS OR JOBS THEY WORK SO HARD AT CONTROLING WOULD NOT BE THERE IF THEY WOULDN'T HAVE CREATED THE PROBLEM.

the question is do you know how and what they do?

I am hoping i am wrong on this but it seems you keep asking me questions about the process and i explain and i explain and i explain and i explain amd i explain and i explain.

Each question you ask reveals you are not totally in understanding of the reality of how our monetary system is working becasue if you were in proper understanding you would not be responing with questions but offering the exact explanation where i am wrong therefor ending the entire thing.

Anyone can ask questions forever.

Are you now simply interested in learning more about the reality of how fed works? as you can see i love to inform on this topic. Is that what you would like?


------------------------------
Also you nor I can and will never know certian activites of the fed becasue there is no full oversight conducted nor anything near full disclosure. Another problem with the federal reserve system.
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exton
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PostPosted: Thu Apr 05, 2007 5:41 am    Post subject: Reply with quote
I've never claimed that inflation isn't real.

What i've expressed skepticism at is the idea that it is a necessary and detrimental outcome of fiat currency (and/or the fed).
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thelast007
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PostPosted: Thu Apr 05, 2007 2:29 pm    Post subject: Reply with quote
exton wrote:
I've never claimed that inflation isn't real.

What i've expressed skepticism at is the idea that it is a necessary and detrimental outcome of fiat currency (and/or the fed).


like i typed before about 5 times now:

fiat money does NOT casue inflation. the the private for profit federal reserve owners cause inflation by the maniulation of its use.

we need backing for our paper dollars as a check and balance on the private fed. for profit company owners to keep them from manipulating the system that we foolishly entrusted them to run.

I will type this again:

We could have a well working system with fiat money or any kind of money if the handlers and controllers did the right thing.

BUT

THEY DON'T!!!

People in charge manipulate the system for their use BEACUSE THEY CAN. THERE IS NOT SAFE GUARD like gold silver, rare feathers or anything to stop/check them. Government oversite is non exsistent and even still can be manipulated.

If we had to had to produce equal backing everytime currency supply increased we would not increase the currency supply ahead of the increase of goods, services, and production. Doing that, NOT THE FIAT MONEY, casues inflation.

If backing was required we would strongly scrutinize when to increase money supply and a host of other things would change for the better in our monetary system.

SECOND THING

if no one profited (the private fed. owners) from the manipulation of the system no one would manipulate it.

we have to end anyone profiting off the end result of the interest supply besides the nation's government/infrastructure/ etc.

(banks would still exsist and all things would be the same only the government and not a private company would profit from loaning U.S. currency to banks and the profit would go back into the people's needs as a whole. Therefore lowering the citizens tax necessity/responsiblity.)

Charging fiat money of a crime is like charging a gun of murder.

Do you see what i am saying?
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thelast007
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PostPosted: Sat Apr 14, 2007 5:38 am    Post subject: Reply with quote
OIL & THE VALUE OF THE U.S. DOLLAR

What happens when oil producing countires switch to the Euro or Yen....

http://www.globalresearch.ca/i.....cleId=5370

We'll be at war with them within 2 years. We're just slowly building the case in the citizens minds for support.

"Iran leads attack against U.S. dollar

by Jerome R. Corsi

Global Research, April 12, 2007
WorldNetDaily.com


While the world press has focused on Iran's plans to move ahead with enriching uranium, Tehran continues to wage economic war against the U.S. dollar behind the scenes.

Tehran has reached a decision to end all oil sales in dollars, according to statements by Iran's central bank governor, Ehrabhim Sheibany, in Kuala Lumpur at the end of last month.

Zhuhai Zhenrong Trading, a Chinese state-run company that buys 240,000 barrels of oil per day from Iran, approximately 10 percent of Iran's 2.2 million barrels per day total output, has confirmed a shift to the euro for its Iranian oil purchases.

About 60 percent of Iran's oil income is currently in non-dollar currencies, according to Hojjatollah Ghanimifard, who is responsible for international affairs for National Iranian Oil.

Even Japanese refiners who buy some 550,000 barrels of oil a day from Iran have indicated their willingness to buy Iran's oil in yen.

China, which buys approximately 12 percent of its crude oil supply from Iran, signed last year a long-term $100 billion deal with Iran to develop Iran's giant Yadvaran oil field. Estimates indicate China could draw 150,000 barrels of oil from the Yadvaran field for the next 25 years, assuring Iran's position as one of the major suppliers of oil to China for decades to come.

One possibility is that China may begin paying Iran for oil in yuans.

Meanwhile, China which now holds $1 trillion in foreign reserve holdings, announced March 20 it will no longer accumulate foreign exchange reserves.

This is more bad news for the dollar, since approximately 70 percent of China's $1 trillion in foreign reserve holdings are held in U.S. dollar assets
.

About half of China's foreign exchange U.S. assets are invested in U.S. treasuries, which are vital to financing the continuing U.S. federal budget deficits.

The recent push by Iran to demand payment for Iranian oil in currencies other than the dollar marks a move away from a previous announcement that Tehran planned to open an Iranian oil bourse in March 2006, designed to quote oil prices in the euro.

Iran has yet to open an Iranian oil bourse, but demanding payment for Iranian oil in currencies other than the dollar is seen by many experts as a more direct attack on the dollar, especially if the Iranian decision backs a worldwide move away from using the dollar as the underpinning of world foreign exchange reserves.

Iran's central bank governor Sheibany also confirmed Iran is cutting U.S. dollar reserves to less than 20 percent of its total foreign reserve currency holdings. Iran plans to manage its foreign reserve currencies from oil sales in a basket of 20 different currencies.

The move by both Iran and China to hold fewer dollars in their foreign exchange reserve reflects a desire to diversify foreign exchange reserve portfolios amid concerns the dollar will continue to lose value versus the euro.

The dollar has lost 9 percent of its value against the euro in the last year and is down 35 percent against the euro in the last five years.

WND previously reported the late Iraqi dictator Saddam Hussein virtually signed his death warrant when he obtained the United Nations' permission to hold his Oil for Food foreign exchange reserves in the euro.

Global Research Articles by Jerome R. Corsi"
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Xerxes
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PostPosted: Thu Apr 19, 2007 9:51 pm    Post subject: Reply with quote
Right now I am reading Target Iran: The truth about the White House's plan for regime change By Scott Ritter, former weapons inspector. Very enlightening, and they are going to switch to the Euro. The same thing that Saddam tried to do. And Iran has been in our sights ever since we removed Mossadegh
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thelast007
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PostPosted: Thu Apr 19, 2007 10:10 pm    Post subject: Reply with quote
one more on the attempted list: hugo chavez
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Xerxes
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PostPosted: Thu Apr 19, 2007 10:23 pm    Post subject: Reply with quote
thelast007 wrote:
one more on the attempted list: hugo chavez


Oh, you mean Chavez tried or has switched?
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thelast007
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PostPosted: Thu Apr 19, 2007 10:28 pm    Post subject: Reply with quote
Xerxes wrote:
thelast007 wrote:
one more on the attempted list: hugo chavez


Oh, you mean Chavez tried or has switched?


tried
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Xerxes
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PostPosted: Thu Apr 19, 2007 10:32 pm    Post subject: Reply with quote
Never mind answering.

Venezuela:

http://news.bbc.co.uk/2/hi/business/6202791.stm

Russia:
http://www.globalresearch.ca/articles/BLA310A.html

Syria:
http://www.globalresearch.ca/i.....cleId=3667

Iran:
http://www.raisethehammer.org/index.asp?id=133

And you can google more if you like.
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Xerxes
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PostPosted: Thu Apr 19, 2007 10:35 pm    Post subject: Reply with quote
Russia has already done it. They are allied with Iran, who is getting ready to switch and is also allied with China. We are truly through.
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Lester
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PostPosted: Fri Apr 20, 2007 6:22 am    Post subject: Reply with quote
I hope they leave us out of it, I hope us leaves us out of it.

(Talking about australia)
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thelast007
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PostPosted: Fri Apr 20, 2007 9:26 pm    Post subject: Reply with quote
lester if the crap hits the fan i'm moving to australia Wink .

unless the NWO comes and things turn into one big crap bag. in that case i have to leave with scotty and dr. spock Cool .
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