TylerMC/economics

Ironically I got in an argument last night about this with my sister who was insisting all countries willingly adopted the US Dollar to which I said. No they did not. That was part of the Bretton Woods Agreement of 1944: ibiblio.org/pha/policy/1944/440722a.html [ibiblio.org/pha/policy/1944/440722a.html] . A primary reason we invaded Iraq was because Saddam was attempting to ditch the dollar in favor of other currencies. We didn't like that. Our money has zero value other than what we believe it has. It is backed by nothing and we're so far in debt, we're still paying for the Spanish American War of the nineteenth century. If China calls are loans, which they are increasingly frustrated with us, the US will spiral out of control. The rest of the world has had it with us. We start wars, take resources, tell them what to do...this always catches up with people. It's a historical certainty.

11-minute video: Trends Research Institute with Gerald Celente on the state of our economy.
Occassionally in my research I run into a piece of information that affects everyone. This is one such case.

Part of this book I'm working on (Laid Off Now What) deals with economic factors. I tend to follow the Von Mises approach, the Austrian Theory, (focusing on saving and limited credit accumulation, returning to a gold or asset standard in currency). Obama is using the Keynesianism approach, which is what the 'New Deal' was based upon, create work for the sake of work, just to keep people busy and borrow more to keep the dollars flowing and print more which causes inflation. That's the end of Econ 101 :)

Celente like Peter Schiff (Ron Paul's economic advisor) tends to be dead on in calling what is really going on. He sounds emotional in this appeal, but everything I'm seeing in my research and running the numbers is showing this is a strong possibility. The video is 11-minutes long, worth your time and you won't see this in the US Media. This was done for a Russian Program, Russia Today, out of New York.

I am having just too much fun with this. State of Texas put this together to help High School students figure out how much they need to make to afford the lifestyle they want. I discovered it while doing research on the re-release of Laid Off Now What, (due out in March). It takes you through a reality check, though I'd love to get that 3bdrm/2bth house in Dallas for under $900 a month. Here in LA, my little one bedroom apartment in a decent neighborhood is running $2000/month!
This is a lot of fun. Great tool Texas.

Love Chalmers Johnson. If you haven't read any of his books, you should. He tags it dead on. My favorite is Nemesis which came out about 2 years ago. Very sobering article on the State of the Nation.

I just posted a similar story of a similar occurrence in France. Americans...this is why the Patriot Act was really passed. Not to protect the American people from 'terrorists'; to protect the US Government and corporations from homeless, jobless Americans who tend to get a bit upset when they can't feed their families.

Les Miserab a re-do?

The French are revolting. Teachers, television employees, postal workers, students and masses of other public-sector workers will today be united in a hugely popular strike with car workers, supermarket staff, journalists and thousands of others in the private sector. One poll said that *75 per cent of the public supported the action*, which has the backing of the large union groups and opposition socialists. It will be a big test for President Nicolas Sarkozy but, more importantly, the strike will mark the biggest protest so far in one of the world's largest economies against the grief and distress being caused by the catastrophic global downturn. A depression triggered in America is being played out in Europe with increasing violence, and other forms of social unrest are spreading.

Schiff is an Austrian theorist like myself when it comes to economics. Personally, he's one of the few I've heard who admits what is going on and continues to accurately predict what will happen. This is one man you should listen to. He goes for the root cause rather than hacking away at the branches...which always, since pruned, grow back stronger.

This is the reading by Dr. Paul I reference in the below citation on Peter Schiff. If you want to understand what is going on in the economy, this is one of the best synops I've read. Take the time to read it. You'll be glad you did.