Comments on: The dollar’s Tinkerbell moment Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 By: Ron S. Fri, 10 Jul 2009 18:51:10 +0000 Everyone get ready for a Super-Depression.
Its coming.
We will return to the age of local economies and local food supplies.
Some of it will be good, some will be bad.
Either way, its coming.


By: krishnamurthi ramachandran Fri, 10 Jul 2009 16:36:36 +0000 Dear,Mr.James,
You have created lot of interests to me go thorough of your article.
I have been watching American and English economy since so many years.
Today, i firmly believed that,so many developing nations American education system and started for applying by their own set of formulas.
That works,produces good returns by standard of living,more jobs in I.T.Sectors,coonstruction activities,and very concrete methodology in financial sectors.
As on today,even world recessions gave only cautious signals to India,China,Brazil and Russia.
But America,England,Germany,Japan and some western countries had not come out from bad economic stages.
Please see the reasoning on modern terms than seeing only historical ways.
All your writings had some valuable answers from G8and from G5 summits.

By: Peter H Fri, 10 Jul 2009 13:46:11 +0000 What will the effect be of a successful Ron Paul inspired revelation of how the Fed works have on the trade-ability of the mighty dollar? It seems Ron has cobbled together a coalition of American lawmakers sick of being out-bid by the lobby-groups Obama was going to consign to history (ha-ha-ha) in Fed decision making!
Perhaps a return to the gold-standard makes more sense now than at anytime since Nixon ditched it… including when Nixon ditched it… unless of course you are the guy sitting next to the printing press!
Good to read a James Saft article, it been a while. I guess there hasn’t been much worth writing about recently?

By: The Bell Fri, 10 Jul 2009 00:30:59 +0000 The U.S. Dollar: created over two hundred years ago, kinda like the Earth, but only took a generation or so to turn to radioactive dust.

Faith-based economics… gotta love it!

By: Youri Carma Thu, 09 Jul 2009 12:45:38 +0000 WHAT’S THE ALTERNATIVE? What about trading whitout any money involved! Iran traded oil for Thai rice for instance. A very large, very underestimated proportion of world trade is done this way. Countries who have this possibillity and don’t want to stick their necks into the “dollar guillotine” are going to increase this way of trading. But I have to agree that not every country has this possibillity but still, it’s an alternative for some countries.

By: Morrison Bonpasse Wed, 08 Jul 2009 21:45:50 +0000 The transition to a Single Global Currency can be as smooth and trustworthy as the transition in Europe from the legacy currencies, e.g. franc, mark, lira, to the euro. Preparing for such a transition will take a lot of planning and research. At some point, holders of dollars must be reassured that they will receive the equivalent value in the new currency, just as holders of the preeminent pre-euro European currency, the mark, received the correct value for those marks.

By: Tim Wed, 08 Jul 2009 20:13:45 +0000 I agree – we have lived in a false balloon -created by false profits – for so long we have forgotten what real wealth is … it is tangible stuff, land, gold, and houses are OK.

My grandfather had a saying that went like this, ” if you don’t have the money in your pocket to buy it you don’t need it,” never buy on credit. He kept his cash rolled up, and held together with rubber bands in old cigar boxes – he did not trust banks – I now know why.

Land was his value, and we (government) is selling it right out from under our feet. Other countries probably own more of this country than many realize, and country is only on loan to us, till we die, because we will never be able to pay-off our debts. Our founders would be ashamed of us right about now – don’t you think?

By: Arthur O. Wed, 08 Jul 2009 20:13:33 +0000 The U.S. became the reserve currency by cornering the gold market when we were on a gold standard. What will be the next reserve when no currency is reliably on a gold standard?

By: zogg r mann Wed, 08 Jul 2009 19:30:53 +0000 to Mr. Wang
….the alternative currencies are tangibles today, raw resources, oil, natgas, precious metals, semi precious metals, agricultural foodstuffs, and etc a large list. One has to stop thinking in terms of pseudo wealth and think in terms of actual wealth. Real wealth is grown, mioned or extracted, and then manufactured or given value added from the previous two. Aqll else is wealth rearrangment, wealth skimming, wealth punditry, wealth “governance” and so on.

The smart ones are trading their soon to be worth-less digital electronic promises to pay to the less smart ones for long term access to real wealth, like in the case of china, buying up or contracting for most of productive Africa,(swapping their depreciating in value digits for the “real stuff” to the local stupid warlords) or just stockpiling what they can get now, such as the huge warehouses full of copper ingots they are stashing away by the shipload.

Tangibles rule. That’s the main lesson to be learned from man’s history.

Debt and snakeoil lie based casino bankster fraud “instruments” are such a con and a scam, including the fraudulent private Federal Reserve “note” or labor IOU, that millions of thinking people, rich and not so rich, are sliding away as fast as they can from storing their wealth in such dubious “products”.

Until there is a commodity based currency, something akin to Keynes “bancor”, not just gold backed but backed by a basket of useful commodities, which are real wealth, all these central bank notes from here or there remain suspect.

These big bankster frauds are just panicking that their old congame is being exposed for what it is.

By: Cyn Wed, 08 Jul 2009 19:13:35 +0000 Don’t forget the Obama factor. Few Americans are incapable of seeing him for what he truly is, but non americans know what he’s about. They know he’s here to destroy America…..