Friday, October 23, 2009

Drudge and the Dollar

The Drudge Report has seen its fair share of links to reports on the decline of the Dollar. Some have speculated that Drudge is even causing part of that decline by his relentless coverage of the Dollar's woes:

Zeroing in on the dollar’s decline – Ah ha! It’s all Drudge’s Fault! « Commodity Trade Alert .com

Is Drudge working with George Soros to destroy the Dollar and establish a new global currency? Not intentionally, one would think.

The Dollar's greatest enemy is not "conspirators" like Soros, it's knowledge of economics and informed traders. The Dollar is not like a patient with cancer. The Dollar is the cancer. Wise investors do not invest in cancer.

Killing the cancer will be very traumatic for "the body politic." But economic health is on the other side.

Drudge is helping our grandchildren by helping to destroy the Dollar -- as long as the forces that destroy the Dollar also work to prevent replacing it with a global fiat currency.

God and Gold

There is a connection between a nation banning God from public schools, and banning gold from public currency. Few want to admit it. F. William Engdahl writes:

The problem for the US power elites around Wall Street and in Washington is the fact that they are now in the deepest financial crisis in their history. That crisis is clear to the entire world and the world is acting on a basis of self-survival. The US elites have lost what in Chinese imperial history is known as the Mandate of Heaven. That mandate is given a ruler or ruling elite provided they rule their people justly and fairly. When they rule tyrannically and as despots, oppressing and abusing their people, they lose that Mandate of Heaven.
"America's Phoney War in Afghanistan,"

Now, really, who cares about the superstitious ideas of "Chinese imperial history?" But in a secular nation like ours, it seems so much more sophisticated and credible to refer to this exotic tradition rather than quoting the discredited Christian worldview of America's Founding Fathers:

[W]e ought to be no less persuaded that the propitious smiles of Heaven can never be expected on a nation that disregards the eternal rules of order and right which Heaven itself has ordained . . . .
George Washington, "Inaugural Address," April 30, 1789

Fractional reserve banking robs the poor. Paper money is unconstitutional and violates more than one of the Ten Commandments (e.g., "Thou shalt not steal").

Heaven is no longer smiling on America.

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