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cptindy
Penny Hoarding Member
572 Posts |
 Posted - 02/02/2011 : 19:32:03
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As the New Year is well under way, 2011 is poised to be a very vivid indication of what the future holds. The financial Guru’s on Wall Street would like nothing more than a return to the awesome bubble preceding the collapse of the housing market. The White House would like the ongoing unemployment issue to simply fall by the wayside, wishing everyone that lost their jobs to become clerks at their local convenience store, so the current economic stimulus may somehow be touted as a success. All the while, the never ending debt ceiling looms in the foreground, as an issue to be handled with delicate hands.
The Congress has come to a virtual standstill, not even capable enough to pass a budget 4 months into the fiscal year. It seems rather comical from a bird’s eye view, until one realizes for whom it is that must pay for all this ineptitude. As the recently “hushed within the media” Quantitative Easing II rounds second base, it is becoming clear that the credit bubble is soon to be inflated with more hot air or in this case debt to the taxpayer. There seems to be no options being brought forward other than “hey, let’s print more money.”
China has been gobbling up resources across the globe and strategically making deals relating to oil and raw resource. Many articles are written as to a symbiotic relationship between us and them. How we need each other, blah, blah, blah. I would like to pose a thought on how this is truly not the case and as time moves forward we will soon be left with a worthless dollar and nothing to do about it.
America has sent all of its major technology and industry to China and elsewhere for short term profits. These profits allow corporations on Wall Street to post record growth, those that deal with the trading of paper earn literally a treasure chest in gold. In China these manufacturing sites provide jobs, low paying jobs mind you, but, it was not that long ago that Ford Motor had the best pay in town with the $5 a day assembly position, which leads into an easy way to paint this picture.
China is just like the US in the 1950’s. (Only 4 times as large) They have factories and plenty of willing labor looking to get out of the farmland and into a steady industrial paycheck. Only this scenario contains modern technology. The latest and greatest companies have all set up shop on the mainland and have opened their doors to all of the trade secrets. A watershed of technology has been handed over, so a few “Power Brokers” could buy their own islands.
High speed internet, modern power plants and every industrial application needed to surmise a plot to take over the world is at their fingertips, while we sit back and continue to call them an “emerging economy.” They’re emerging alright, emerging themselves into a very powerful position in the global marketplace, by strategically not interfering and focusing on self-interest.
China continues to patiently buy resource developing property worldwide with US fiat currency. This in itself is rather ironic if you think about it. They are using what will basically amount to toilet paper to buy the resource that we absolutely must have in order to maintain the current lifestyle we have all become accustomed. Accepting our debt and using it to seal our fate by purchasing mineral rich deposits across the globe, as we continue to subsidize them to build factories on their land to process and distribute goods.
We are currently facing a severe banking crisis worldwide. Nations that have exhausted their ability to produce have fallen on hard times, turning to manipulation of economic data to continue the charade, hoping for a miracle. China has seen the light, opening to its people the chance to own silver and gold, promoting to everyone to save these precious metals. While they themselves ramp up production 10 fold. Why? This is the Trillion dollar question.
Everything is made in China at least that sure seems to be the case these days. We presume that if not for us, where would that entire product go? They obviously need us to buy all those goods in order to exist, in order to pay the meager wages to those poor down trodden peoples, right? Ah-Ha, I see said the blind man! But what should arise if they were no longer poor? What would happen if all of a sudden they were middle class, land owners? How is this possible you ask?
The current fiat system is on a One Way Street headed straight into the dumpster. The world needs stability in order to trade goods on a global scale. A currency that is rapidly produced at will, without any solid backing is not going to be the currency of the 21st century, common sense can tell you that much. So we will eventually return to a value backed currency. China is positioned to be that currency. Hoarding gold and silver in record amounts, this nation through its mere control of goods will entice the global market into finally saying “why are we still using dollars to buy your goods?” Poof!
What if China woke up one morning and announced to the world it was going to back their currency with silver? Declaring it worth $1,000.00 an ounce, and asked everyone to turn in their silver savings and receive currency in its place. Interesting isn’t it. Now all of those hardworking savers become capable of buying land and houses and cars and everything else they produce. Not only that, it would entice new business ventures within the communities, bringing about independence, structuring a thriving environment for a prosperous nation for many years to come.
The price increase in silver is inevitable as its use and production continue to be at odds. Joe blow consumer here in the US has no clue as to what value is beyond the next generation of iPod. The government continues to provide enabling strategies to help soften the blow of a very hard reality. We burnt our candle at both ends and now we don’t have a pot to really upset me to the point of seeing yellow in. We will survive, although it will never return to the glorious times of the past. The emerging economy merely needs to continue in a holding pattern while we continue to look confused.
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"It is the nature of the human species to reject what is true but unpleasant and to embrace what is obviously false but comforting"
" The average man doesn't want to be free. He wants to be safe."
H.L. Mencken
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Edited by - cptindy on 02/02/2011 19:34:34 |
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Will China Bring $1000 Silver
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