“Follow your bliss, & don't be afraid, & the universe will open doors
where there were only walls” - Joseph Campbell
3/31/2010
3/23/2010
Domas..Thoughts of the day..
Fortune Favors the Bold..
The future belongs to those who believe in the beauty of their dreams
- Eleonor Roosevelt -
The future belongs to those who believe in the beauty of their dreams
- Eleonor Roosevelt -
2/26/2010
Domas.. My thoughts of the day..
*) Labākais līdzeklis pret grumbām ir jaunība :)
*) Tāpat kā zeme kļūst auglīga pēc lietus.. nenovērtēsim pārāk zemu ūdens nozīmi mūsu veselības uzlabošanai!..
*) Tāpat kā zeme kļūst auglīga pēc lietus.. nenovērtēsim pārāk zemu ūdens nozīmi mūsu veselības uzlabošanai!..
2/19/2010
Domas..Thoughts of the day..
Wallstreet is the only place where people with Rollsroise go to ask advice to those who go with metro.
Volstrīta ir vienīgā vieta pasaulē, uz kuru cilvēki Rolsroisos brauc lūgt padomu tiem, kas brauc ar metro.
Volstrīta ir vienīgā vieta pasaulē, uz kuru cilvēki Rolsroisos brauc lūgt padomu tiem, kas brauc ar metro.
1/05/2010
Domas..My fhoughts of the day..
Sin does not make us bad people.. Therefore solvation is needed for the good ones too..
Jesus saves!
Grēks nepadara mūs par sliktiem cilvēkiem, bet par grēciniekiem. Tādēļ arī labiem cilvēkiem nepieciešama glābšana.. Jēzus ir ceļš, dzīvība un patiesība!
Jesus saves!
Grēks nepadara mūs par sliktiem cilvēkiem, bet par grēciniekiem. Tādēļ arī labiem cilvēkiem nepieciešama glābšana.. Jēzus ir ceļš, dzīvība un patiesība!
1/04/2010
Domas.. My thoughts of the day..
Grēks ir kā tauki, kas arvien uzpeld ūdens virspusē, lai cik dziļi tos mēģinātu noslēpt..
Sin is like fat that always comes up no matter how deep you push it in the water..
Sin is like fat that always comes up no matter how deep you push it in the water..
12/28/2009
Some facts about inflation and Fiat Money
History has proven a couple things about the French: 1) They are quick to surrender and 2) They are very talented at making worthless currency.
Weimar Germany — Mark
Post-World War I Weimar Germany was one of the greatest periods of hyperinflation that ever existed. The Treaty of Versailles was essentially a financial punishment placed on Germany to make reparations.
The sums of money to be paid by Germany were enormous, and the only way it could make repayment was by running the printing press. (Huge unpayable debt — that sounds familiar. I wonder what the solution in the U.S. will be.)
Inflation got so bad in this period that German citizens were literally using stacks of marks to heat their furnaces. Here is a brief timeline of the marks per one U.S. dollar exchange rate:
April 1919: 12 marks
November 1921: 263 marks
January 1923: 17,000 marks
August 1923: 4.621 million marks
October 1923: 25.26 billion marks
December 1923: 4.2 trillion marks.
“Under the infallible leadership of President Franklin Roosevelt, it was made illegal to own gold. On March 11, 1933, he issued an order forbidding banks to make gold payments. On April 5, Roosevelt ordered all citizens to surrender their gold — no person could hold more than $100 in gold coins, except for collector’s coins. He also made it unlawful to export gold for payment abroad, unless done through the Treasury. The penalty for defying Roosevelt was 10 years in prison and a $250,000 fine.”
But the official demise of the dollar was locked into place in 1971 when “Tricky Dick” Nixon completely severed all ties between the dollar and the gold standard. During the decade that followed, the U.S. experienced some of the worst inflation in its history, only matched by today’s U.S. monetary and fiscal irresponsibility.
The U.S. of A. has all the characteristics set in place that have led to the collapse of every other fiat currency money in history.
We are currently at war, and the financing of this war is extremely inflationary. In fact, if you look back at our history, since 1914, the U.S has engaged in 16 military conflicts. We have been involved in some form of violent international accord in 44 of the past 93 years. The overwhelming majority of military conflicts result in monetary inflation.
The U.S. has a debt similar to that of Weimar Germany. All though the reasons for the debt are completely different, it appears thatthis Mount Everest of IOUs is going to be impossible to pay back. I guess the U.S. could just print 10 trillion dollar bills and hand them out, but the implications of such actions are obvious.
We are currently increasing the supply of dollars at a rate of 13% per annum. This overissuance of a currency has been the leading indicator of a currency on the brink.
So what’s in the future for the dollar?
Some, myself included, might say that the dollar has already failed. It has lost over 92% of its value since its initial issuance in 1913. After the revaluation in 1934, the dollar dropped another 41%. In my opinion, it already is toilet paper money, but for the above-mentioned characteristics, which are alarmingly similar to the circumstances that led up to the eventual collapse of the dollar’s toilet paper predecessors, I believe that we have seen only the tip of the iceberg of the dollar’s inevitable path toward becoming toilet paper money.
Source: http://dailyreckoning.com/fiat-currency/
Weimar Germany — Mark
Post-World War I Weimar Germany was one of the greatest periods of hyperinflation that ever existed. The Treaty of Versailles was essentially a financial punishment placed on Germany to make reparations.
The sums of money to be paid by Germany were enormous, and the only way it could make repayment was by running the printing press. (Huge unpayable debt — that sounds familiar. I wonder what the solution in the U.S. will be.)
Inflation got so bad in this period that German citizens were literally using stacks of marks to heat their furnaces. Here is a brief timeline of the marks per one U.S. dollar exchange rate:
April 1919: 12 marks
November 1921: 263 marks
January 1923: 17,000 marks
August 1923: 4.621 million marks
October 1923: 25.26 billion marks
December 1923: 4.2 trillion marks.
“Under the infallible leadership of President Franklin Roosevelt, it was made illegal to own gold. On March 11, 1933, he issued an order forbidding banks to make gold payments. On April 5, Roosevelt ordered all citizens to surrender their gold — no person could hold more than $100 in gold coins, except for collector’s coins. He also made it unlawful to export gold for payment abroad, unless done through the Treasury. The penalty for defying Roosevelt was 10 years in prison and a $250,000 fine.”
But the official demise of the dollar was locked into place in 1971 when “Tricky Dick” Nixon completely severed all ties between the dollar and the gold standard. During the decade that followed, the U.S. experienced some of the worst inflation in its history, only matched by today’s U.S. monetary and fiscal irresponsibility.
The U.S. of A. has all the characteristics set in place that have led to the collapse of every other fiat currency money in history.
We are currently at war, and the financing of this war is extremely inflationary. In fact, if you look back at our history, since 1914, the U.S has engaged in 16 military conflicts. We have been involved in some form of violent international accord in 44 of the past 93 years. The overwhelming majority of military conflicts result in monetary inflation.
The U.S. has a debt similar to that of Weimar Germany. All though the reasons for the debt are completely different, it appears thatthis Mount Everest of IOUs is going to be impossible to pay back. I guess the U.S. could just print 10 trillion dollar bills and hand them out, but the implications of such actions are obvious.
We are currently increasing the supply of dollars at a rate of 13% per annum. This overissuance of a currency has been the leading indicator of a currency on the brink.
So what’s in the future for the dollar?
Some, myself included, might say that the dollar has already failed. It has lost over 92% of its value since its initial issuance in 1913. After the revaluation in 1934, the dollar dropped another 41%. In my opinion, it already is toilet paper money, but for the above-mentioned characteristics, which are alarmingly similar to the circumstances that led up to the eventual collapse of the dollar’s toilet paper predecessors, I believe that we have seen only the tip of the iceberg of the dollar’s inevitable path toward becoming toilet paper money.
Source: http://dailyreckoning.com/fiat-currency/
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