The US dollar crumbling down?

Nov. 9/07 - Many people are wondering why the US Dollar has been falling so much in value over the past few years... there are many reasons why the US Dollar has lost nearly 60% of it's purchasing power in just the past 4 years alone... one of the big reasons why the US Dollar is falling so rapidly can actually be traced back to June of 1968.Not many people outside of currency experts and very knowledgeable investors know this, but a very a sophisticated fraud was perpetrated upon the US taxpayer by the US Govt. back in June of 1968 that set into motion the rapid erosion of purchasing power in the US Dollar.You see, under the US Constitution, only Gold and Silver are considered real money, and in fact, the US Dollar used to be backed by Gold and Silver, however, the US Dollar is no longer backed by either Gold or Silver, and in fact, the US Dollar is no longer backed by anything of tangible value. Going back a little in time; by the late in 1960's, the US Govt. started racking up big debts & deficits, one of the reasons for the big increase in debts and deficits was the unexpectedly large expenses incurred waging the Vietnam war (sound familiar)... at that time, the US Govt. was spending more money than they could legally print under the amount of Gold it held in reserve... the US Govt. desperately needed to print more money to fund their war and debts than their Gold reserves would allow, so the US Govt. simply decided to re-write laws (regardless of their long-term financial consequences & Constitutional law) and started the de-coupling process away from backing the US Dollar with precious metals.Starting in June of 1968, the US Govt. stopped guaranteeing US Dollars with Silver, you see, prior to 1968, US Dollars used to be called "Silver Certificates" because, prior to June of 1968, the US Dollar could actually be cashed-in at anytime for a guaranteed amount of Silver... this Silver guaranteed the US Dollar had real value, which was the guaranteed amount of redeemable Silver. Nowadays however, the US Dollar is "guaranteed by nothing" of tangible value... and while you can still exchange a current US Dollar for some Silver today, there's "no guarantee" on how much Silver that US Dollar will be redeemable for tomorrow, or at any other time in the future... meaning the same US Dollar today may buy less Silver (or Gold) tomorrow, and even lesser amounts as time goes by due to inflation... simply translated; the US Dollar is now only backed by "confidence".The following 2 pictures of US Dollars shows the fraud on the Dollar, and partially explains how the "confidence game" works... notice how the following two US Dollars look almost identical, yet they are extremely different... I've highlighted the important but subtle differences in pink.

First, lets examine the pre-1968 US Dollar... notice at the very top of this pre-1968 US Dollar it says "SILVER CERTIFICATE"... and notice that directly under the word "SILVER CERTIFICATE" it says "THIS CERTIFIES THAT THERE IS ON DEPOSIT IN THE TREASURY OF"... and then notice on the very bottom of the Dollar is says "IN SILVER PAYABLE TO THE BEARER ON DEMAND". The wording on this pre-1968 US Dollar means it carried certifications/guarantees from the US Govt... those 2 extremely important guarantees are: (1.) that each US Dollar was backed by a corresponding amount of Silver that was being held on deposit by the US Treasury, and (2.) The owner of each US Dollar could exchange their paper certificate to real money (Silver) at any time. It was these "certifications/guarantees" that originally gave the US Dollar Silver Certificates their value, strength, & desirability. Now lets examine the modern US Dollar... notice at the very top of the modern US Dollar it's missing the words: "SILVER CERTIFICATE", instead it just says "FEDERAL RESERVE NOTE"... and notice its also missing the words: "THIS CERTIFIES THAT THERE IS ON DEPOSIT IN THE TREASURY OF"... and notice it's also missing the words: "IN SILVER PAYABLE TO THE BEARER ON DEMAND". Because the modern US Dollar is missing the early original certifications/guarantees, financially it means; the modern US Dollar is no longer backed, certified, or guaranteed by anything of tangible value... the US Dollar is no longer backed by Silver or Gold... the US Govt. no longer certifies/guarantees the purchasing power of the US Dollar via a Silver peg. The modern US Dollar is essentially the biggest "confidence game" in the history of mankind... because the only thing that backs the modern US Dollar is the faith and confidence in the US Govt. and the US economy, which is why the US Dollar is fallen so rapidly in value over the past few years.

SOURCE: WEBPENNYS.COM

NEW YEAR'S RESOLUTION

"It's just another New Year's Eve, another night like all the rest..." Well, what's new about New Years? As far as I know, the only thing that changes in this country every end of the year are resolutions (not to mention the price increases that we have every year). But just like politicians' promises every campaign season of every coming elections... "walang bisa!" Sometimes, sa umpisa lang magaling, afterwards wala na. Tulad halimbawa ng isang chain smoker that promises every year he will never ever smoke again as long as he lives. Pero a few days lang after January 1, heto na at galing sa grocery, may dalang isang paketeng Marlboro! Hindi kaya ang ibig sabihin ng New Year's Resolution ay opposite of what you are promising you would do for the coming year? NGEK!!! What must be done para maging effective ang isang new year's resolution? O cge, subukan natin isipin at limilimiin kung paano magiging effective ang isang New Year's Resolution. FIRE!!!

New Year means new hope, new opportunities, new life... the first thing (at least, I think) before creating a resolution is we should renew our mind. Have a new mind-set. If you don't have a mind, go to the supermarket and buy one, and pick the one that lasts very long, yung walang expiration date ha (joke!). If we had experienced failures in the past year, hayaan na lang natin na maging lesson sa atin iyun. Ang importante ngayon is to set our mind in obtaining our goal. "This is what I should do.", "This is what must be done!" PERIOD! Set your mind na kaya ko ito! According to Romans 12:2 = "And do not be conformed to this world, but be transformed by the renewing of your mind, so that you may prove what the will of God is, that which is good and acceptable and perfect." Malinaw na malinaw that even the Bible says that we should renew our mind. Hindi lang basta gagawa ka ng New Year's Resolution, isusulat mo pa sa papel at itatabi lang kung saan. Kaya pala hindi nagiging effective kasi hindi natin binabago ang pananaw natin. Sabi ng iba, "Promises are made to be broken." kaya hayun, every year na lang broken ang mga promises nila kasi yun ang nasa puso't isip nila. "E hindi na bale kung di ko magawa yung promise ko kasi promises are made to be broken 'di ba... Anyway, there is always next year." Ganun ba dapat ang mind-set natin? Kung ganun ka, it's about time to renew your mind.

Year after year, ginagawa ng marami ito. Bata, matanda, dalaga, binata, may ngipin o wala, may New Year's Resolution. Another thing para makatulong for us to have an effective resolution is SACRIFICE. Yes, alot of things will be sacrificed. Bakit? Because we will not be doing what we were used to do. If you are used to spending a large amount of money every payday in senseless or "leisure-ful" things, and realized it was wrong (kasi humihingi ka na sa nanay mo ng pamasahe kasi ubos na sweldo mo at panay na ang sermon nya sa yo) and made a decision that you will save more and spend less, you just have to give up those things. Hindi madali lalo na kung nakasanayan mo na. Sana ganito ang ginagawa ng mga politiko at ilang government officials natin... sacrficing their own interest for the nation's benefit... I'm sure, kay ganda ng Pilipinas.

Resolutions are made to be kept and completed. Kung di mo kayang gawin, wag ka nang mag-resolution pa. Gawin mo na lang kung ano ang tama. At ang pinaka-tama sa lahat, is to dedicate your New Year's Resolution to God. Accept the fact na hindi mo kayang gawin mag-isa and you need HIS help and guidance. Proverbs 16:3 says "Commit your works to the LORD And your plans will be established." Di natin kayang baguhin ang sarili natin, only God and God alone can change a person. And yes, he can even change our government leaders (and that includes GMA).

So relax lang sa paggawa ng New Year's Resolution; pray and be optimistic that 2007 will be a prosperous year for all of us Filipinos. MABUHAY ANG PILIPINAS!

BUTCHO's Intro

"Butcho", shortcut for Butchokoy, a nick my tita gave me when I was still a baby. Graphic Designer by profession, a musician by Sunday and a family man everyday.

Welcome to my blog "KALEIDESCOPE World". This blog serves as my outlet, the output of my life, artistry and imaginative thinking. I'm not a good writer, nor fluent in the English language. Every word written in this blog is just an expression of who I am, what I am, and what I believe in. Sometimes I like to talk about politics, about an experience, about someone, about a book I read, share stories I read from other blogs or just about anything under the sun.

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