% | $
Quotes you view appear here for quick access.

Silver Wheaton Corp. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • moses_on_wall_street moses_on_wall_street Dec 19, 2006 11:11 AM Flag

    Gov. to defend dollar

    I assume that by government raising interest rates you are implying the Federal Reserve Bank.

    Please be advised that the FED is not a government agency, but rather a private for profit bank owned and operated by the international banking cartel. It sits astride a veritable artery of gold as it leeches the wealth of the country from the people all the while setting the stage for the impending economic disaster about to unfold.

    Further, any interest rate increase will likely only serve to exacerbate the coming depression which offers to make 1929 and the subsequent years seem like a party.

    Soon you'll only be able to keep that which you can defend.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I agree. There cannot be a defense of the dollar without causing a severe economic downturn. This is Bernanke's nightmare. The only solution to dealing with the debt is to devalue the dollar and make the debt worthless. This, of course will cause skyrocketing PMs and other real assets. the writing is on the wall. It's not a matter of if, but when.

      • 1 Reply to bazthefiend
      • The other speculation and can be considered a "conspiracy theory" is that once they hammer the USD to the ground they will bring in the North American Union and create a NA dollar. Wether that happens or not the fact is that the FED doesn't loose anything as their money creation is printed on behalf of people's debt load and based on fractional reserve meaning when there is a crash, recession or depression(if it happens) they will be winners as they take in their winnings by taking over the people's debt - being physical property instead of paper money based on nothing substantial.

        PMs were and are real money but anything else I don't know about. In case of recession or worse, house prices will drop as people will start to bail out on their mortgages as they loose jobs and have no money for monthly payments to their "money masters". Crazy scenarios but it's better to know the possible outcome than sit at home thinking the FED and government are trying to help us all by their policies. Now is the time to get out of debt and have physical PMs just in case.

22.82+0.93(+4.25%)Jun 29 4:00 PMEDT