Comments on Bear Ridge Project: Wealth Confiscation and Cash

Federal reserve notes, aka "dollars" are already I...

2009-08-21T11:07:50.699-06:00

Federal reserve notes, aka "dollars" are already IOU's from the government by another name....Fiat currency. Says right on it that it is only backed by faith in the government.

Since all governments through out the history of the world cannot resist debasing their own currency through rampant, unsustainable spending, like all fiat currencies it will continue to lose value and revert to it's intrinsic value, that of the paper it is printed on.

The founding fathers of this nation, in their infinite wisdom, had already watched the FIRST fiat currency of the U.S. (the Continental) be debased to the point that it was effectively worthless, so much so that George Washington's army nearly starved to death at Valley Forge as American farmers refused to accept the worthless paper for food, included two articles in the Constitution that should have prevented this from ever happening again.
Unfortunately, our government and nation has chosen to ignore them, as well as the comments regarding the dangers of central banks from many of these same men (i.e. Jefferson, etc).

IOUs from the gov't.... now that sounds like not f...

2009-08-01T14:37:09.006-06:00

IOUs from the gov't.... now that sounds like not fun. I expect to wake up one morning to Obama telling me my dollar has been converted to a new world currency. And it will take a ton of my dollars to get the new currency. Anyone who holds the dollar will lose.

Very thought provoking post. I had considered our...

2009-07-20T15:08:06.083-06:00

Very thought provoking post. I had considered our increasingly cashless society to be heading down a dangerous path but had not considered that it might indeed be a weapon of the nanny state.

This is exactly why, as Sixforsure pointed out, th...

2009-07-14T12:39:13.790-06:00

This is exactly why, as Sixforsure pointed out, that cash should be converted into tangibles! "Cash" is nothing but worthless paper! But it is better than "digital money" in a bank. At least you can burn paper money.....

Makes me think I should stock up on cases of cigar...

2009-07-14T09:31:02.185-06:00

Makes me think I should stock up on cases of cigarettes and cheap booze. Barter items!

Very good post with lot of timely points! Califor...

2009-07-14T07:04:10.075-06:00

Very good post with lot of timely points! California is having a problem in that some of the banks are refusing to honor the IOUs as money!

Puts the state between a rock and a hard place!