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B.B.C article: Is the dollar losing its lustre?
11-21-2007, 01:03 PM,
#1
B.B.C article: Is the dollar losing its lustre?
It's the lingua franca of currencies - a symbol of wealth in movies, music, backpackers' pockets and central banks all over the world. But will the dollar's current doldrums end all this? The dollar is suffering. Rarely a day passes when something is not written about its weakness against the pound and the euro.
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The term "Greenback", as misleadingly used in the link to this article has nothing to to do with the current US dollar. Greenbacks were 100% backed currency introduced by Abe Lincoln. They were removed from circulation in recent years. The difference is that greenbacks actually had a gold backed value, instead of an unbacked dollar as issued by the Federal Reserve, which (as was quite correctly pointed out earlier this week by the Iranian president) is just a piece of paper with no actual value.
Big Faced Boy, Worcester, UK

finally more people are waking up, probably too late to stock up on food, tins of beans and silver bullion.
&Advertising has these people chasing cars and clothes they don't need.
Generations have been working in jobs they hate, just so they can buy what they don't really need.&
Chuck Palahniuk, Fight Club, Chapter 19
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11-22-2007, 12:10 PM, (This post was last modified: 11-22-2007, 12:11 PM by nataraja.)
#2
B.B.C article: Is the dollar losing its lustre?
you have to ask the quesiton:

if we ask the fed, world bank, imf, ibs to clear the worlds debt (as its just a bunch of numbers to them) is that accepting their rule of us ?

or have we unknowingly already accepted their rule ?
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11-25-2007, 09:27 AM,
#3
B.B.C article: Is the dollar losing its lustre?
Quote:..or have we unknowingly already accepted their rule ?

some say we're already slaves to the system, because most countries were declared bankrupt.
anybody with authority to clear world debt would want something in return, maybe super-enslavement, mark of the beast etc.

:dazed:
&Advertising has these people chasing cars and clothes they don't need.
Generations have been working in jobs they hate, just so they can buy what they don't really need.&
Chuck Palahniuk, Fight Club, Chapter 19
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