I have head some of his speeches but I don't know if he has an actual plan; do you know if he has a detailed plan, preferably one that is supported by some legitimate economists?

Honestly, some of what I've heard from him sounds pretty wacky. I don't doubt his intentions, but I don't know if he has the expertise to redesign 20 percent of the worlds economy.

He is only 1 man, for crying out loud. I am sure he could garner powerful support for a legitimate economic reconstruction. There is just not enough interest throughout this self serving system. Congress has the power, but won't use it properly. They are afraid of the bankers and the fact that the FED could actually pull the plug on the entire country. This is how bad it has gotten.

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Would these be the same idiots that thought everything was working just fine before it all went down the ****ter a few years back?

Regarding your assumption that the world "wont dump the dollar because they are all invested in it". First off that's not so, the Chinese have already reduced their exposure to dollars for the first time in decades. Second, when the US is not able to pay the interest on it's debt history tells us that the outlook for the dollar will change real quick. As Ferguson says' "the dollars fine - until it isn't..."

- Peter.

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2021 Chevrolet Spark
Formerly...
2000 GMC Sonoma
1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021
2002 Kia Rio. Worst crap on four wheels
1981 240D 4spd stick. 389000 miles.
1984 123 200
1979 116 280S
1972 Cadillac Sedan DeVille
1971 108 280S

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He's having a blast, making a ton of dough.

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I understand he sounds wacky, as he has to intensive his language to get heard. Also, those who still profit 'big time" from the current system, have no interest to attribute him with "sanity".

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What I'm asking is whether he has any consensus among economists that a "economic reconstruction" is necessary to prevent a future collapse of the US economy? If that's what he's claiming, he needs to be able to make a pretty strong case. If there was a congressional hearing, could he produce a panel of economic experts who would testify that this restructuring is necessary and explain exactly what needs to be done?

If he wants to redesign the entire US economic system, the first step is to convince people there is a real problem. If he simply has a philosophical problem with the current system, he is going to have a hard time convincing people that a fundamental change is required. I'm afraid that it's the latter.

I'm not saying the system is perfect, I'm saying that there is very little risk of a collapse of the dollar (i.e., extreme inflation). It makes sense for china to hedge it's position on the dollar, but they are not about the "throw the baby out with the bath water." The US is in no danger of not being able to meet its debt payments, and the dollar is still one of the most stable currencies on the planet. Do you think china is going to get out of dollars and get into euros?

Wait until that bubble busts, it will be ugly. Gold has no business being at those prices, it's being driven by pure speculation; as soon as one of the big investors blinks, the bottom will fall out.

Federal Reserve Transparency Act HR 1207

http://en.wikipedia.org/wiki/Federal_Reserve_Transparency_Act

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Ofcourse it's driven by speculation, like any other high priority commodity.

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OK, so he wants to audit the fed. Sounds reasonable, but it's hardly a "economic reconstruction" of anything. I suspect that he would prefer to eliminate the fed, which is unlikely to happen.

There are alwasy at least 2 applications on hand. One is an immediate practical implementation, the other is the visionary.

You can't make a 90 degree turn at 100 mph, you got to slow down first.

The US has a tough future ahead of itself. But what's new?

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Right! The world economy and money supply needed to grow faster than the gold supply could. That is the core reason the gold standard has been abandoned world wide.

Everything the Fed has been doing is inflationary so where is this inflation you
worry about? Home prices are still down. Imagine what home prices would be
is the prime rate was high and the money supply contracted.

Primary concern is the National Debt, the FED's unrestrained issuance of money which is backed only by taxation of coming generations, the power given to the IRS to collect whatever they seem feasable and last not least the complete depriviation of the American population's right to self-govern along side to what the constitution entitles us to. It is evident that no vote will reach far enough to have an effect on those who are our national money supply. You may also consider the fraudulent activities of banks in general, toward the majority of the population.

It becomes clear that only few get a climpse of the dimension to which extend we're actually paying for this scheme.

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