No the reason they fail is because they are issued as a loan at interest and it creates a unstable math problem, America has backed the petro $ through military force to back all the worldly treaties held under the CITI of London who took America over during the 1933 bankruptcy and managed the economies under the bankrupt system of the socialist.HouseMD wrote:The GBP has been going for over 300 years without issue. Most fiat currencies fail because they are issued by nations that have little in the way of productivity to justify their worth. The US actually is fairly productive, in comparison to the rest of the world, and can continue to back its currency so long as we have things of value to trade or offer. Should our economy fail, we could still issue a new currency quite easily by virtue of our military strength and natural resources alone, to say nothing of our scientific capital. America could easily become a mercenary nation, collecting payments in exchange for military engagements and protection, as well as treaties.Moretorque wrote:The current system of the petro dollar arrangement is about up. The last 40 years is the longest a fiat system has made it without a major redoing for a issuer, they need a reset like a big war to turn the tables over and reset the system as they want to go forward with the next phase of the one world system. The system comes apart for the masses being able to store the value of their labor, the credit monopoly can keep issuing the supply of #'s but the ? is will the masses get tired of this devaluation and outright theft the system has generated right under their noses with the wealth transfer of all to the top for the people doing the debt based system. .cdnFA wrote:They have been saying that for the last 40 years. I used to own the books.Tsar wrote:
The fiat currency system is coming apart and the worldwide economy is set to collapse, but fiat currency still has at least 2 years to 10 years depending on events that occur in the future to remain the system. Then it will be back to a gold (and silver) backed or based monetary system.
You have no perspective.
This is why they want a 2 digit IQ everywhere for the most part, to stupid to be able to understand math and reason accordingly........
There have been no problems over the last 300 years ? I think you should open a REAL history book and look at all the wars fought over the last 300 years over who would issue the currency of nations.
Benjamin Franklin in his autobiography stated " The real Reason for the revolutionary war was the colonist operating a honest money system outside the influence of the Crown " meaning a system with no debt attached. Go read what England did when Benjamin gave a speech in 1764 in France explaining their economic model used to run the American colonies.
Ed Griffin, author of The Creature from Jekyll Island " Since the inception of the Bank of England in 1691, England has either been at war or arming for war ever since ".