So the Duck continually bashes the USD. And the Duck cites all these "knowledgeable" scheming dictators who tell us the USD is not worthy of being the monetary standard. Yet today, the Duck doesn't tell you that one of them just decided to devalue his currency, the Bolivar, by 50% against the USD. What gives, Duck?
Great work, that took some real work, finding a currency that's performing worse that the dollar.
A couple others would have been the Turkish Lira and the Semolina shilling, which dead in the water!
The Iraq Dinar is in pretty bad shape also and so it the North Korean currency.
All about the same as the Bolivar.
Obama may be able to accomplish similar feats with the dollar.
QWAK,canucanoe,Silly boy!! TRIX are for KIDS! :)
And ALL fiat currencies are only WORTH the PAPER they are printed on -- there are NO EXCEPTIONS -- all are in a race to ZERO VALUE! :(
Any value percieved above ZERO is just projected ILUSION and governments FORCING people to use them! :(
QWAK,reroe13,Ware YOU are at -- IS ANY WARE! :)
It realy IS quite simple and should be with in the capacity of any one with an IQ above ROOM TEMP to comprehend that the BANKERS and there corrupted govenments are SCREWING EVERY ONE EVERY WARE who use there FIAT CURRENCIES! :(
QWAK,canucanoe,I would expect that because of the 50% DEVALUATION the exchange rate for a 1 oz. GOLD EAGLE today in Venezuela would be MULTIPLIED by at least 1000% if not much MUCH MORE! :)
It is only OBVIOUS to the general public when BIG CHANGE happens FAST -- IF done slowly -- they bairly NOTICE and just complain a bit -- then ACCEPT the new reality!
This is TRUE with the US DOLLAR VALUE as the FED has "PROTECTED" its value SOooooooooooooo WELL that it has LOST 98% of its VALUE/purchasing power since the FED came in to existence "TO protect the value of the US DOLLAR" -- THANK you FED very much!! :(
This last 2% of VALUE is what is currently being DILUTED by all the NEW TRILLIONS of WORTHLESS DOLLARS being created -- OUT of THIN AIR by COMPUTER NOTATIONS and not even being PRINTED on paper!! :(
Just HOW VALUABLE are digits in a computer WHEN people and countries decide that they CAN NOT and WILL NOT pay and start doing so IN MASS?? HUMmmmmmmmmmm ???
QWAK,reroe13, "you are to stupid to go back and read your own post for errors" -- I am DYSLEXIC -- I am NOT STUPID :) -- WHAT is YOUR EXCUSE for failing to COMPREHEND that you have been participating in a RIGED GAME and that YOU can ONLY LOSE the longer YOU play in THERE GAME? :(
QWAK,BTW: They are COMING for YOUR 401K and IRA soon --- and nothing you can do to STOP THEM! :(
The busnessweek article said,
"U.S. investors oppose federal initiatives that would force them to give up control over their 401(k) accounts, the Investment Company Institute said.
Seven in 10 U.S. households object to the idea of the government requiring retirees to convert part of their savings into annuities guaranteeing a steady payment for life, according to an institute-funded report today.
What we're seeing duck is the government is trying to limit our freedoms! IMO the government con men/artists realize that an ECONOMIC PANIC/CHAOS is entirely possible IF SHEEPLE come to the realization they've been had.
Once the sheeple realize the financial Ponzi scheme is begining to unwind EVERYONE will attempt to withdraw their funny money from ALL INVESTMENT VEHICLES, including but not limited to:
1) Savings Accounts
2) Checking Accounts
4) All IRA's
5) Money Market Funds
From my recent readings it appears that our RULERS are in the process of BLOCKING or LIMITING our exists from the aforementioned.
Wouldn't surprise me none to find our RULERS will attempt to LIMIT our access to PM's or even owning same.
The FDIC is broke and all it would take is a run on any bank that is televised on TV showing a line of anxious savers attempting to withdraw their hard earned earnings. The longer the line the more impact on the SHEEPLE.
Methinks our RULERS see the handwriting on the wall and are in the process of passing laws/edicts that will hamper any or all attempts by SHEEPLE who have realized the PONZI SCHEME and will attempt to be the first to withdraw their savings rather than the last.