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Subject: IMPRIMIS - The Floating Dollar as a Threat to Property Rights
CJH    4/9/2011 4:41:03 PM
The Floating Dollar as a Threat to Property Rights "But it turns out that under the Constitution, judges are not quite like the rest of us—and in a way that lies at the heart of the American Revolution. Indeed, in the Declaration of Independence, one of the reasons our Founders listed for breaking with England was that King George III had “made Judges dependent on his Will alone, for the tenure of their offices, and the amount and payment of their salaries.” So they wrote into the Constitution not only that judges would have life tenure (with good behavior), but also that the pay of a judge would not be diminished during his term in office. This principle that one can never lower the pay of a judge is also in many state constitutions. So if in, say, the year 2000 a judge was paid in dollars that were worth 1/265 of an ounce of gold, and if today that same judge is being paid with dollars worth less than 1/1,300 of an ounce of gold, has the judge’s pay been diminished?" the 1 YEAR Swiss Franc Value Of A Dollar 1 YEAR Dollar Value Of Gold
 
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YelliChink       4/23/2011 3:37:09 PM
 

Soros' Bretton Woods Conference  Accelerates Push for New Global Economy

By Dan Gainor

Published April 21, 2011

| FoxNews.com



Read more: http://www.foxnews.com/opinion/2011/04/21/soros-bretton-woods-conference-accelerates-push-new-global-economy/#ixzz1KNQ7fF2W
 
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They are all out for creation of new global currency to replace the dollar as world's reserve currency. The problem is, he who controls the currency, rules the world. Just look at the UN and you will find a very bleak future.
 
 
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CJH    Bretton Woods Conference   4/23/2011 5:31:41 PM
"In 2011, he is already pushing aside the dollar. ?The big question is whether the U.S. dollar should be the reserve currency; and, in fact, it no longer is,? Soros told Bloomberg."
 
Can you see Obama doing anything other than collaborating with a Soros project?
 
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We are to blame for this in that we have not managed our finances properly in this nation.
 
And we are to blame for this in that we did let foreign investors down with the sub prime debacle.
 
But it was not right for investors to invest believing the US taxpayers would subsidize them. That's no better than stealing.
 
A return to the gold standard is what the world really needs so it is indeed significant here that that is not what is being considered. How can anything better, for the world, come out of this conference?
 
 
 
 
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CJH    Consumer Debt   4/23/2011 5:49:27 PM
 

"Average total debt in 2009 (including credit cards, mortgage, home equity, student loans and more) for U.S. households with credit card debt: $54,000. (That's down from $93,850 in 2008.) "  

 
"Total U.S. consumer debt (which includes credit card debt and noncredit-card debt but not mortgage debt) reached $2.45 trillion at the end of 2009, down sharply from $2.56 trillion at the end of 2008."
 
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CJH    Consumer Debt   4/23/2011 6:04:35 PM
 
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CJH    Trade Deficit   4/25/2011 1:17:20 PM
 
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CJH    US Budget   4/25/2011 1:21:41 PM
 
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CJH    US National Debt   4/25/2011 1:30:08 PM
The Debt to the Penny and Who Holds It
  • The Debt to the Penny and Who Holds It

    ( Debt Held by the Public vs. Intragovernmental Holdings )

    Current Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
    04/21/2011 9,650,447,904,606.47 4,640,340,756,644.03 14,290,788,661,250.50
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    Aussiegunneragain       4/25/2011 9:31:26 PM
    "So if in, say, the year 2000 a judge was paid in dollars that were worth 1/265 of an ounce of gold, and if today that same judge is being paid with dollars worth less than 1/1,300 of an ounce of gold, has the judges pay been diminished?"
     
    It has if the only thing the judge wants to buy with his pay check is gold. If the judge wants to buy all the stuff that normal people do the appropriate measure is to compare the judge's pay rate at those different times to an index based on a representative basket of goods and services that the judge might have purchased.
     
    This actually demonstrates why a gold standard is a poor substitute for fiat money, especially in the presence of rapid economic growth. Money is just a medium of exchange and to operate efficiently it money supply needs to represent, as far as possible, the value of goods and services in the economy. A gold standard represents the supply and demand conditions for gold in the economy, which differs from goods and services in aggregate.
     
    Personally I'm broadly happy with the current approach to central banking, at least in Australia, which is the system I understand the best. However, rather than advocating a return to a gold standard I think a better alternative for those who don't trust the fed would be to abolish it, along with the concept of legal tender, and let people use whatever means of exchange that they like. My bet would be that we would still end up with banks issuing their own money to borrowers in exchange for title over property or for future production.
     
    It wouldn't allow governments to exercise monetary policy, which some would say is a good thing (I don't), but at least it would more closely represent the supply and demand conditions in an economy than a gold standard would.
     
     
     
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    Nanheyangrouchuan       4/28/2011 12:39:58 AM
    If you are worried about loss of property and individual rights, be concerned about ballot initiatives to eliminate "old and unnecessary laws".
     
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    YelliChink       4/28/2011 11:07:31 AM

    Personally I'm broadly happy with the current approach to central banking, at least in Australia, which is the system I understand the best. However, rather than advocating a return to a gold standard I think a better alternative for those who don't trust the fed would be to abolish it, along with the concept of legal tender, and let people use whatever means of exchange that they like. My bet would be that we would still end up with banks issuing their own money to borrowers in exchange for title over property or for future production.

     

    Australian Dollar is not US Dollar. Your dollar is not devaluing due to massive creation of digital credit not worth the value it is not printed on the paper, yet. Good thing that you can still remain happy, which ignorants are always blessed with.
     
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