Maned, apparently you did not watch "that silly conspiracy video". It was actually two separate videos. The first one broadly talked about the history of the Federal Reserve. The second one was a "sales pitch", if you will, from the creator of the liberty dollar. Hoping they would spark some intelligent debate.
I certainly don't want to violate posting rules here...mods please advise if I am.
Re "drive by posts":
I don't recall trying to advance any agenda. I try to include citations in my posts; their value is subject to debate, which is, of course welcome. Hint: Simply calling someone an idiot, or other pejorative, is not an effective debating tactic, and doesn't advance the discussion as far as I can tell.
As a general statement, if we want to discuss financial "scams" perpetrated throughout history, the erosion of the buying power of the US dollar is a supernova compared to any firecracker the liberty dollar might be.
Re: Strength of the USD...An interesting tidbit, recently the mics were left on at an OPEC conference...overheard the Venezuela and Iran ministers advocating pegging the price of oil to some other currency. Saudi minister argued against the idea, while acknowledging that the move would destroy US economy. Leads one to ponder where the actual power lies.
I remember travelling around Mexico in the -80's, before the "nuevo peso" was introduced. Carrying thousands (stacks) in paper currency in order to buy groceries. And the US dollar was preferred. Sometimes, in the cities, "window washer kids" would jump up on the truck and smear your windshield, then hold their hands out for a tip. We'd keep boxes of centavo coins handy, and just grab a handful for them. It got to the point where these poor kids would spit and throw the coins back in your face ; they were so worthless.
The liberty dollar seems like one attempt to address the issue. Might have been successful, but we may never know now.
If China, Japan, or Saudi decides to pull the plug on our currency, we'll be in for an interesting rollercoaster ride, eh?
I certainly don't want to violate posting rules here...mods please advise if I am.
Re "drive by posts":
Drive-by posts have become all to common and will be deleted. Continued abuse will result in a ban from L&P. Drive-by posts are characterized as: being devoid of substance; attempting to advance an agenda without credible citations; no intelligent comment to the topic at hand.
I don't recall trying to advance any agenda. I try to include citations in my posts; their value is subject to debate, which is, of course welcome. Hint: Simply calling someone an idiot, or other pejorative, is not an effective debating tactic, and doesn't advance the discussion as far as I can tell.
As a general statement, if we want to discuss financial "scams" perpetrated throughout history, the erosion of the buying power of the US dollar is a supernova compared to any firecracker the liberty dollar might be.
Re: Strength of the USD...An interesting tidbit, recently the mics were left on at an OPEC conference...overheard the Venezuela and Iran ministers advocating pegging the price of oil to some other currency. Saudi minister argued against the idea, while acknowledging that the move would destroy US economy. Leads one to ponder where the actual power lies.
I remember travelling around Mexico in the -80's, before the "nuevo peso" was introduced. Carrying thousands (stacks) in paper currency in order to buy groceries. And the US dollar was preferred. Sometimes, in the cities, "window washer kids" would jump up on the truck and smear your windshield, then hold their hands out for a tip. We'd keep boxes of centavo coins handy, and just grab a handful for them. It got to the point where these poor kids would spit and throw the coins back in your face ; they were so worthless.
The liberty dollar seems like one attempt to address the issue. Might have been successful, but we may never know now.
If China, Japan, or Saudi decides to pull the plug on our currency, we'll be in for an interesting rollercoaster ride, eh?