PRODUCTIVITY: Keep records

Thursday, March 28, 2013

“Everything is an idea for something, something that touches the imagination, a fact that seems relevant or maybe just a statement I find interesting — either because it resonates or because I disagree. All of it is fodder for continued work or thinking on the topics. It’s also important to me to record the ideas that my instincts tell me are bad.”

Elizabeth Spiers
 
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MONEY: What is the value of a fiat currency?

Wednesday, August 15, 2012

http://www.silverdoctors.com/cnbc-are-fiat-currencies-headed-for-a-collapse/

Are Fiat Currencies Headed for a Collapse?
Published: Friday, 27 Jul 2012 | 5:27 AM ET
By: Lisa Oake
Anchor, CNBC Asia-Pacific

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Shockingly, CNBC even points out in the article that “Every single fiat currency in history has collapsed, this time will be no different.”

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A fiat currency derives its worth from the issuing government – it is not fixed in value to any objective standard. That means central banks can print as much money as they want. If an economy is struggling, injecting more notes into the system juices activity but lowers the value of the currency in question.

Mark Mobius, Executive Chairman of Templeton Emerging Markets Group, says investors will soon start to demand fiat currencies be backed by gold or other hard assets.

“It’s already happening, you’re beginning to see that trend with central banks stocking up on gold. The estimate is that at least half of the buying is central bank buying. They are looking to the day when they can say okay, our currency is backed by gold and therefore we’re a strong country,” Mobius told CNBC Asia.

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Argh!

All one has to do is study a little history and you have to be afraid.

Weimar Republic, Zimbabwe, Iraq — come immediately to mind.

We’ve been the guinea pigs in a hundred year experiment in a fiat currency. Now the free ride is coming to an end.

The fun question is how does it unwind?

With a thud!

Does the Carter-style inflation return? Or does it just start to accellerate, continue, and never stops until the value is zero?

When the wild ride starts, it’s too late to covert to hard assets.

Argh!

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GOVERNACIDE;

Friday, January 6, 2012

http://bigpeace.com/jbernard/2011/12/29/the-united-states-government-is-being-willfuly-ignorant-in-the-current-middle-eastern-war/

The United States Government’s Willful Ignorance Is Costing Soldiers’ Lives
Posted by John Bernard, 1st Sgt. USMC (ret.)
Dec 29th 2011 at 5:23 pm

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To that end, it has been my contention that this administration, the past administration and the entire upper end structure of the military machine has failed miserably. Not only have they chosen the wrong strategy to achieve a definable victory for their nation, they chose one that has been disproportionately brutal for our forces while providing cover for the enemy and the population that has proven over and over again to be untrustworthy.

History has defined and will continue to define only a miniscule number of opportunities for a theater-wide application of the precepts of Counterinsurgency Doctrine to have been efficacious. Even a casual glance at the human terrain in either Iraq or Afghanistan, with Syria and Iran to possibly follow, should have given the critical thinker everything they needed to adequately keep COIN under lock and key in the vault of terrible ideas.

*** and ***

First of all, if someone can point me toward the ongoing, public record of support for America in either of these operations or the public record of Muslim denunciation of the actions of the “terrorist” or “radicalized” Muslim or Jihad as a war doctrine, Taqiyya as a deceptive practice with the intent of keeping the enemy off balance, please show me?

The clear evidence only suggests groups as defined by those who willingly strap on bombs and those who do not. Unfortunately, we know that from within the second group comes the financial and spiritual support for the first.

Suggesting you can parse these two and do harm to one while garnering support for said harm from the “moderates” simply misses the truth about religion – all religion!

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We watch the wanton destruction of human life by the forces of Islam and the associated silence from the “moderates” every day. Is it the contention of those who submit to the “two Islams” vision that we should continue to assume the best of a people whose religion is belligerent to non-believers?

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The First Sargent correctly imho distills the “problem” into the concept: “It not what we think, it’s what it is that counts.”

Their “moderates” support their “extremists”.

Any failure to recognize this fact in policy, strategy, or tactics dooms us to failure. And, failure, in this case, translates into dead human beings. Soldiers and civilians on both sides are lost due to the stupidity of our leadership. Or lack there of.

We need to get the girls and boys out of the fire zone until we figure it out.

“We, The Sheeple” learned nothing from Viet Nam.

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