Senior Obama Admin Official: “We Are Going to Kill the Dollar”

Time banking , for small individual and co-operative scale local economics , Large scale , perhaps barter . there is a new economy forming as we speak . Online currency ? Pledges ? It is going to die . Each region will find a way . Humans are creative like that .

that is definitely the right path

there are already plans to implement a new global dollar to bring us all together under tighter control mechanisms of their creation

And that will fail too .

and they know it hence their fear they push on us...seems they'll continue to try though.

Just ask the Eurozone countries how well that's worked out.

I've read about time banking. It's a form of barter with time. You do an hour of labor, you now have an hour in your account. Need someone to paint your house, apply that hour in your account towards an hour of someone else's labor to paint. All labor is equal; digging a hole for an hour has the same value as someone doing your books for an hour.

It may help ease the pain in a high inflation period until wages adjust.

Actually, when they say kill it, they don't mean literally. They are talking about devaluing it by printing more dollars creating high inflation.

Lets say you make $50K a year, pay $2.00 for bread, $4.00 for gas and have a $100,000 mortgage with a home valued at $100.00..

If inflation is 100% over some period, wages will adjust slower but they will match inflation eventually. Then you would make $100K a year, pay $4.00 for bread and $8.00 for gas, your home is now worth $200,000, but your mortgage would still only be for $100.000. Everything doubled except for debt.

The down side is that usually wages will lag behind inflation, so people may feel the squeeze at first. Also the smooth flow of capital will become much more erratic with wilder fluctuations. Hyperinflation happens when the economy can't handle the volatility killing commerce and reducing tax revenue causing the government to borrow more to pay for increasingly expensive services. The government can find itself in a spiral that it can't get out of until the dollar really is dead; as in not worth the paper it's printed on. At that point they would throw in the towel and create or join a different currency.

The points you make are reasonable, and believable. I won't pretend to know
or even understand any advanced level of economics. But doing Journalistic
investigation since the wheat ears were still standard issue on the Lincoln cent
in 1958. a coin collector even before that, and business person twice since,
I've made some observations that should be asserted into the community's
conversation & dialog. Because I've studied History-which is Journalism-all
my years since I was 6. Now at nearly 63, I know we were all a lot better off
when we had value backed money reflecting the phrase " sound as a dollar "
The original free masons/founding fathers who established the U.S. dollar
based on the Spanish Real aka " piece of 8 " created it on the decimal system
and had a perfect Weights & Measures system to constantly back it up from
1792 through 1855. The ratio of Gold to Silver to Copper in coins redeemable
for currency that were U.S.Treasury Notes was 1 to 20 to 2.000. If you saw
Large Cents, Large Half Cents, Large Dismes (dime for the French dix (10)
as in 10 cents Latin for fractionalized hundreths, Half Dimes before the
advent of nickles during the Civil War era...Then you'd see what I mean.

I own an 1803 Large cent minted at the Phiiladelphia Mint when Thomas
Jefferson commissioned Louis & Clark to explore the newly acquired
Louisiana Purchase of 1/2 the USA for $10 Million in U.S Gold bullion.
The penny is as virtualy as large as a Kennedy Half Dollar, of solid Copper.
It's so big they had to make 1/2 Large Cents about a size of a quarter to
give people to make change for a penny with. Farmers, millers all knew
Copper, the affluent merchants knew Silver, Bankers knew Gold, Silver,
and Copper. Had the U.S. Government agressively partnered with miners
to keep that weights & measures system current with a growing population.,
And had they kept Corporate Banking from infiltrating our Treasury Dept.,
We'd likely have trat system still, with a fiat greenback currency running
parallel to it to bridge the gap and eliminate money shortages causing
Recessions and Depression, imho. As I said, I don't claim to be omnicient
just well educated. The John D.Rockefellers, Morgans, of the USA didn't
have the sort of stranglehold they do now when Government was limited
to serving strictly Constitutiuonal functions. Government failed to serve
the needs of We the People when it allowed the 1st and 2nd Corporate
Bank of the U.S Government take care of all it's Banking business, and
making it, and us dependent on them. Any country only has Independence
so long as all it's constituent humans are as self reliant as they can be.

The creators of the dollar from Jefferson, Adams, Franklin, Washington,
to Andrew Jackson were masons who understood it's We the People who
create money-NOT- a foreign owned international banking syndicate. And
that the U.S.Treasury is a public trust office serving a strictly Constitutional
function. Before it all got out of hand, and too complicated, keeping such
a simple system succeeded from 1792 through 1932, some 140 years. It
was when citizens lost touch with their American Heritage, and became too
used to calling green paper " money " that it went to hell. Imho, if they are
hell bent for leather in killing the dollar, they will. But if they keep the same
rotten to the core shit system their status quo reflects now, the top .01%
will be the only ones with any real means to cope w/the coming changes

I'm a Gold Prospector. I've owned Gold nearly all my life. Gold & Silver
are must haves for every computer, cell phone, communcations satellite
that Sir Arthur C. Clark envisioned. Modern society wouldn't exist as we
now know it without this semi/precious metals coined into money to recycle.
My point of being so long winded about elaborating about all this is simply
to keep it simple. When citizens had a 4 nickle sized Gold coins in their
pockets, they had their pay for a week if they were doing well. Being Gold,
they naturaly reserved it, spent it sparingly, held onto it, made it last be
cause Gold, being 11 Billion years old has constant value, and real pur
chasing power.. Americans wanted to save Gold for pressing emergencies..
Silver for the normal most important other things, Copper for the common
needs as they did for 200 years of Ameriucan History. Real money-not
merely something that passed for it- was something they wanted to save,
save, save. Now we're a society of spendthifts who squandering our re
sources by routinely wasting them. So we spend, spend spend instead.
We don't produce. We borrow, and depend. We waste 1/2 of the food
we produce as if we'd live forever. That never happened when our grand
parents spent 33% of their weekly budgets with value backed coined
money that had limitations. Withe the mentality of killing the dollar, do
you realy think they'll replace it with something worth more than toilet paper ?
I say no, likely not, given their track history of investing in death over life.

" If people believe in paper script over real coined money, allowing Bankers
to issue it instead of our Commonwealth Treasury, it will be more destructive
than invasion by any foreign army. And future generations of Americans
will be reduced to pathetic paupers and bond slaves in the same country
their forfathers once made free for them " Thomas Jefferson.