When Will The Blathering Idiots In Washington Ever Listen ?


	When Will The Blathering Idiots In Washington Ever Listen ?

gmentgen

10-14-2008 2:03 PM

73 views

gmentgen says:

"Escape from the Depreciating Dollar" ... don't we wish.

The only "escape" will come when the Fed finally destroys with dollar because of all the fiat money they have issued.

Woe be onto the children, grand children for generations to come, for they will suffer the consequences of the current government.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/a6ccb4c4-8023-41f0-a965-ed6cabe4cc9e/8930F82C-4019-41C5-8FDC-9444B9C49069/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://mises.org/story/3152" href="http://mises.org/story/3152" style="font-size: 11px;">mises.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://mises.org/story/3152">For believers in liberty and sound economics, it has been a series of 
devastating weeks.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://mises.org/story/3152">But Treasury officials and central bankers are proceeding as if they had nothing 
to do with actually causing the bubble and the bursting of the bubble — acting, 
in fact, as if the old tale about the need to support prices to fix the 
recession were true.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://mises.org/story/3152">Moreover, there seems to be no test of whether or not what they are doing is a 
good thing.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://mises.org/story/3152">The most important priority right now is dramatic monetary reform.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://mises.org/story/3152"><H1>Escape from the Depreciating Dollar</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://mises.org/story/3152">The immediate criticism is that this step would curb the power of central 
bankers and government to create money out of thin air to fix the crisis. But 
the criticism alone makes the point.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://mises.org/story/3152">Currently the government has in place severe restrictions on what currency you 
can use as legal tender.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://mises.org/story/3152">For this reason, the dollar is mandatory. We will be stuck with it even as the 
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