Showing posts with label American Hyperinflation. Show all posts
Showing posts with label American Hyperinflation. Show all posts

Monday, November 30, 2009

Zimbabwe: A lesson for All Americans...especially Obama, Bernanke, and Geithner

"In February 2009 Zimbabwe was the only country in the world without debt. Nobody owed anyone anything. Following the abandonment of the Zimbabwe Dollar as the local currency all local debt was wiped out and the country started with a clean slate."

"It is now a country without a functioning Central Bank and without a local currency that can be produced at will at the behest of politicians. Since February 2009 there has been no lender of last resort in Zimbabwe, causing banks to be ultra cautious in their lending policies. The US Dollar is the de facto currency in use although the Euro, GB Pound and South African Rand are accepted in local transactions."

"There are common denominators in all hyperinflations. Generally government finances reach a point where large budget deficits cannot be financed by taxes or borrowings. The choices come down to austerity (with the government cutting back its spending) or by funding the deficit by creating local currency through the printing press, leading to the inflation tax. This is always a political decision, but the line of least resistance is the printing press. Cutting government expenditures and laying off bureaucratic staff is anathema to most politicians."

http://www.kitco.com/ind/Field/nov112009.html

Tuesday, November 3, 2009

Insure yourself and family against Inevitable Hyperinflation





http://www.dailypaul.com/node/74072

http://press.freelakotabank.com/index.php

http://aocsmint.com/index.php?main_page=index


"Money is the barometer of a society's virtue. When you see that trading is done, not by consent, but by compulsion...when you see that in order to produce, you need to obtain permission from men who produce nothing...when you see your laws don't protect you against them, but protect them against you...when you see corruption being rewarded and honesty becoming a self-sacrifice...you may know that your society is doomed." "Atlas Shrugged"

Insure yourself against the Federal Reserve and the upcoming Dollar Crash...Check out these links on purchasing silver and gold coins and non fiat money.

Saturday, September 19, 2009

Buy some Gold and Silver Coins



Buy a couple gold and silver coins...It's not that crazy of a concept...If nothing happens and the dollar regains financial fortitude and the Federal Reserve magically shoots rainbows at us that makes us all love Obama..then you have a cool coin collection that you can pass on to your children..

Gold and Silver are rising every week..Buy some now!

Wednesday, September 9, 2009

American Hyperinflation



The above video is part one of four from a discussion/meetup a couple of weeks ago... The other video posts can easily be found on Youtube by typing 'American Hyperinflation' or by looking at all posts by TNSONSOFLIBERTY.

I challenge you to watch all four videos and ignore my shoddy camera skills...

We have educational/discussion groups approximately once a month in Nashville...Contact me if you are interested in attending..The atmosphere is relaxed, non judgemental, and we meet in a spirit of liberty, friendship, and fellowship with hopes of a making a positive difference.

Did I mention that I have free New American Magazines and Alternative Media DVD's available when you attend the discussion group?

Stay tuned for more information on Money, Hyperinflation, Andrew Jackson, and my first attempt at making a documentary...

Contact us:

tnsonsofliberty@comcast.net

http://www.facebook.com/barry.donegan

http://www.myspace.com/doneganforliberty

http://www.facebook.com/people/Fortunate-Son/1806900751