 |
PM |  | |
Quote | | |
Reply | | |
Full Topic | |
| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
| Posts: | 6399 |
| Status: |
Offline
|
| Mana: |    |
Now I want to give credit where credit is due. The currency that the Fed sponsors is passed from hand to hand the world over. It is not the first dominant global monetary brand – the pound sterling ruled the roost in the 19th century and for a few decades of the 20th. But the dollar is the first universally honored irredeemable paper currency. Not since 1971 has anything tangible stood behind it. It is uncollateralized – faith-based – yet the world accepts it. It is America’s greatest export. The United States consumes much more than it produces and discharges its foreign debts in money that it alone is allowed to print. If there were ever a golden age of paper money, this is it.
http://www.lewrockwell.com/orig8/grant1.html
This:
"Not since 1971 has anything tangible stood behind it."
The subject is "Dollar Hegemony" and the something that 'stands' behind "Dollar Hegemony" is Power.
Power stands behind "Dollar Hegemony" in the form of ‘capitalists’ who spread the infection of falsehood that destroys individual knowledge that is a vital power empowering any collection of individuals glued together by any form of currency (interaction).
Power stands behind “Dollar Hegemony” in the form of capitalist corporate ‘entities’ that profit from “Dollar Hegemony” enforcement by fraud and force including the destruction of whole civilizations like Iraq and soon to be Iran.
Power stands behind “Dollar Hegemony” in the form of nuclear bunker buster bombs ready to unearth nuclear radiation in Iran.
Power stands behind “Dollar Hegemony” in the form of oil to be supplied and priced at rates ensuring the maintenance of the power monopoly that is “Dollar Hegemony”.
The challenge to any proponent of the capitalist interest/profit/wage paying SYSTEM is here before you to ignore at will.
Cowards