patrick.net

Cvoc13 says

I don’t know folks, and I know I am far afield posting here on Patrick.net, so I will back it off, (Sorry Patrick, if you need to remove I understand) http://www.examiner.com/finance-examiner-in-national/george-soros-says-that-america-must-give-up-the-dollar-and-accept-world-currency

Check out what George said, and has moved his wealth in to position, don’t forget Soros made his wealth with Currency when everyone thought he was well, wrong.. he wasn’t then, and likely not now.
I am OPEN to debate on this subject guys and gals, I am not married to the idea, I am super interested and passionate about this stuff.

It says: "Soros discusses the need for a managed decline of the dollar and a move towards a global currency."

There are two questions here:
1. Will it be a "managed decline" or a collapse, like what Stansberry tries to sell us.

2. Will it be a global currency with global central bank and the same banking system we have now going global or it will be replaced by a wide array of national/regional currencies and precious metals. If the second happens, it may be indeed good for American economy, since it will discourage irresponsible parasitic financing, while allowing American economy to equally compete and to use its still existing advantages.

About Soros. He is maybe a good financst, but he is a fanatic of globalization. He actually spent a lot of money on it, spent a lot of money on "nations building" in Eastern Europe. In all small economies he is involved with he tries to suppress their local strength and to make sure they import stuff whenever it's cheaper than producing. In many small countries it caused major damage to their local farming. When their tourism income collapsed during the crisis and transportation costs jumped it turned out it's better to produce locally, but the capacity was gone.

Ironically, his activities often cause sharp anti-globalization and even nationalist sentiments.
He invested huge amount of money in Hungary, which has now the worst economy in the Eastern Europe (maybe as the result of his activities there.) It also got the most nationalist government.
His activity in Latvia actually contributed to the crash of their economy.
His funding for mediocre education programs had damaged some of existing excelent ones in Russia. (he funded some sex education experiments there and Math competitions that were mostly about accumulated information unlike existing ones that required a lot of creativity.) This made him very unpopular among middle class there. His "anti-corruption" funding in Georgia (his funds pay large parts of income of the top level officials there to make them independent of local kickbacks) is unpopular with Georgian opposition
Similar thing with his funding of the "orange" revolution in Ukraine, etc.

The bottom line: dollar decline is probably inevitable, but globalization alas George Soros is not a solution and likely will fail.

artistsoul says

I thought it was hysteria…but delivered in a very cool, calm, collected package.

Exactly so. It's very similar to what many cults do.

Unwanted Dollar drop off station here.

Tired of that unsightly Cash?
Pissing it away doesn't help...
Loosing it on the stock Market? FORGET IT!
Just look how deflation just cuts right through that filthy money grime.
Got baked on hard to reach cash?
Look how Quantitative Easing dissolves it away instantly!
Is your unruly money keeping you up at night?

Send them off Ted's wayward home for unwanted Dollars. We care for all denominations, your dollars will rest in eternity by a babbling brook with chirping birds.

Come on Down, we can accommodate wheel barrows, to dump trucks.

Be sure to try some of our other products like Wealth Distribution, and Reverse Economicosis where hundreds of trillions are pumped out of the worlds poor through staple commodity manipulation and stored in one of our Jumbo Cash horde jumbo-tron thingies to never touch the hands of the poor again.
Works right under your nose.

The Original Bankster says

Xenu is resurrected using advanced Genetics techniques.
A strong job market emerges for FEMA camps staff.
Peter P loses 10 pounds.

almost a hiku type of thing. Peter P was a good resident of PatNet

I will either lose my house and end up (fill in the blank, cuz I sure in the hell don't know) or be able to retain it after ruining my once stellar credit score through the Making Home Affordable Program. Cheers!!

michaelsch says

EightBall says

Cvoc13 says

Anyone take me up on the Stansberry Thing.

Man that is long - good thing I had some mindless work to do. Scary predictions - but in the end sounds like a 2AM infomercial. Buy gold, no wait better yet SILVER, oh wait there’s more! Order my “Secrets to buying some shit that no one else knows about” for three easy payments of $99.99

Exactly. But one doesn’t need to listen to his voice if one can read: http://www.stansberryresearch.com/pro/1011PSIENDVD/WPSILC00/PR

As a matter of fact it has a lot of well known info, a lot of simple B.S. and much more of commercial.

The main thing: it’s still unclear if the whole stuff is really inflationary. It may as well turn out deflationary. That’s because huge debt repayments reduce money supply.

First of all calling that piece of crap a VIDEO.. is laughable.. Why did he even bother making a video of text against a boring white background... It's an audiobook at best... His referencing of how much time and money it cost to make his "VIDEO" makes him a liar or at best deeply deluded. Whoever he paid to read that amateur script filled with grammatical errors was worth a $20 bucks at best.

todd5704 says

I will either lose my house and end up (fill in the blank, cuz I sure in the hell don’t know) or be able to retain it after ruining my once stellar credit score through the Making Home Affordable Program. Cheers!!

i'd choose ruin credit over lose house AND ruin credit.

More fear-monger news about solar flares that supposedly will knock out the major electrical power grids in 2012.

More dilutions of the US dollar and more manipulation of precious metal prices to keep Americans in US dollars. More bailouts of foreign banks and too-big-to-fail privately-owned institutions that have integrated with the US government, suporting a domestic fascist central banker oligarchy that already exists worldwide.

A 10% to 20% fall in residential real estate in the US, due to a new wave of option ARM resets and resulting foreclosures.

More manipulation of the US stock market to create the appearance of wealth and a strong US government regardless that the American standard of living is declining.

More market manipulation by the PPT and the BIS's Financial Stability Forum in advance preparation for a sudden collapse of the US dollar.

Some of these things will happen in 2011. All of them will happen in the next five to 10 years. The central bankers and the BIS do not share the timing of their activities, which makes it impossible to determine the timing of their non-televised agenda.

Good luck everyone!

Educational News Flash:

The Bank of International Settlements (BIS) is a corporation owned by the 169 central banks (including our Federal Reserve) worldwide, each of which is privately owned (many of them owned by the same individuals). There are only 195 countries in the world, which means that most governments of the world already have their interest rates and money supply managed by the same set of very wealthy and powerful private individuals.

Despite that all of these governments have the ability to create debt in their own currency at zero interest, they choose to use the central bankers for this service, at interest paid by taxpayers as profit to the central bankers. Some of this money ends up in supporting infrastructure, some of it is profit, and some of it goes to funding the communist world government agenda of these same bankers.

They already own and control the world's financial system. They can do whatever they want, you are their slave to some degree (a tiny battery in their large machine), and they will even brainwash you through their media to believe they do not exist and that they are not doing this to you. You may even go so far -- due to your long-term brainwashing -- as to attack those who tell you what is going on, which is a form of support and enablement for the central bankers and their agenda.

Okay, now that you are educated and aware, let this affect your predictions, perhaps making them more accurate and educated. The information I posted here is not up for "debate" by a collectivist and pre-programmed herd that may form an emotional opinion about the reality we live in, since it is based in very hard and very well-documented fact.

Yes, sometimes it happens that the individual is correct, when the herd is wrong. Safety cannot always be had in numbers.

In response to those quoting Soros about a US dollar collapse, and trusting Soros as a factual source, allow me to quickly reveal how manipulative the media is. You quote Soros because you have no one else to quote about a US dollar crash, who makes sense and has media prestige.

Soros co-owns the DTC, which is also known as Cede & Co. and is part of the US Federal Reserve (just one of the world's 169 integrated central banks). This makes Soros a central banker. Do you trust Bernanke? He is also a central banker, or at least employed by them.

Here is hard evidence that Soros already knows what is going on, but is not sharing it with you through the central banker-owned and controlled media...

http://socioecohistory.wordpress.com/2010/08/05/new-imf-strategy-document-charts-launch-of-%E2%80%9Cbancor%E2%80%9D-global-currency/

This is the IMF's own hard documentation of their plan to replace the US dollar with a new world reserve currency, called the Bancor. The Bancor is an idea dreamed up by John Milton Keynes, who is one of the two communists who created the World Bank. The World Bank and the IMF are the two financial arms of the United Nations.