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The Cash Crunch: The Short Version...

 
Anonymous Coward
User ID: 27583401
Australia
11/13/2012 12:12 AM
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Re: The Cash Crunch: The Short Version...
The New World Order...same as the Old World Order...

No, no, no Saddle,

The OWO have ruled the planet for nearly a millennia, maybe more.

The NWO sek to replace them with a much more saner system, based on enlightenment rather than spooky stories about God.
535
User ID: 1326993
United States
11/13/2012 12:19 AM
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Re: The Cash Crunch: The Short Version...
The New World Order...same as the Old World Order...

No, no, no Saddle,

The OWO have ruled the planet for nearly a millennia, maybe more.

The NWO sek to replace them with a much more saner system, based on enlightenment rather than spooky stories about God.
 Quoting: Anonymous Coward 27583401


A bit crude, but relatively accurate.

The supernatural always has a place in control systems, regardless of source. God, aliens, or ghosts - it does not matter. As long as it does not interfere with the real and adds to the system of control, it is to be encouraged.
Saddletramp (OP)
We Don't Rent Pigs...

User ID: 1052341
United States
11/13/2012 12:30 AM

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Re: The Cash Crunch: The Short Version...
...


Please dont be so articulate !@ 1rof1

Please add your thoughts to the thread !
 Quoting: Anonymous Coward 17694439


If you were to look back on my old posts, I warned that cash is to be one of the most valuable, if not the most valuable of things.

Essentially, the analysis is somewhat correct.

Simply put:

What happens if the nation state you happen to live in decides that ALL transactions must be conducted in that particular currency?

What happens when "resources" - be they metals, energy, or labour - are fixed in value and the only way to purchase them is in your particular currency?

What happens to the value of paper (when it is legally the only thing of economic barter) when there is a radical shortage of cash?

What do you believe that citizens will clamor for in this situation?

What do you think will happen when electronic paper equivalents are the only way to have access to your assets?

What do you believe will take place when those that attempt to trade in anything other than "legal tender" are barred from electronic access to assets?

The coming times are exciting, necessary, and already set in stone. Nothing can be done about this. It is too late.

I must admit - you are the first to catch this situation. I am impressed. Best of luck.
 Quoting: 535 1326993


Alright, according to your theory, they will be quickly moving away from paper currency in the system. I can agree with that but for the fact they are printing huge amounts, just not putting it into circulation.

My suspicion has been they are holding this currency back so that you will have to exchange your old currency at pennies on the new commodity based dollar...

But I left this suspicion out of my initial theory because I don't have any explicit proof of this...

So what say you to the reasoning behind this suspicion of mine???
 Quoting: Saddletramp


This is not theory.

The currency will eventually be released, but as you well know, in a fractional reserve banking system - this is a minimal amount - regardless of country.

There must be enough paper currency so that the transition can be hidden. This will not happen in plain sight.

Citizens must demand the change. It is the only way.

When there is little paper money to be had, but electronic currency available in unlimited amounts, this will become the de-facto medium of trade. There will temporarily be an increase on the street value of paper currency.

Slowly, those that trade in cash will be singled out by their own neighbors and government officials. Purchases made in cash (for any amount) will be suspicious and confiscation of paper currency found in concentrated amounts will become the new reality. The normal excuses of hording, drugs, or tax evasion will be used to identify a core of individuals that do not fall into line.

There will be no exchange of any kind - at least not in a "paper to paper" sense. The exchange is to be subtle and gradual.

Once the physical amount of cash in minimized for daily transactions, a methodical constriction of higher value paper will take place. Obviously, the final goal is to remove the paper from the system.

The true and final exchange will be citizens refusing to use paper due to stigma, convenience, and various new laws. They will do the work themselves. At that point, all liquid assets and debts can be modified. This level of monetary policy and power will be unprecedented - it will finally allow for the bulk of national economies to be fully managed via created inflation and deflation as necessary.

In turn, this will usher in systems of control that otherwise could not be achieved politically. Tax evasion through the black market enforcement can more easily be identified by automation. The same can be said of drugs, gambling, and firearms.

It is though this transfer away from paper to an even greater (and eventually, total) reliance on technological systems that extreme control can be achieved with a minimum amount of resources.

Automatic enforcement is the goal. It does not matter if it is a traffic ticket for running a red light or drugs. The automation and integration of these (and all other) discrete subsystems is the overriding reason for this.
 Quoting: 535 1326993


So basically...The New World Order they've been talking about for generations is about to come to pass...

And I agree, the evidence of this does lead us past the theoretical stage of the game...

Hmmm, I don't know what to think about that. You hear New World Order long enough you begin to think it's just the boogie man under the bed, but I believe you are right, it's coming out into the daylight...

I've tried to remove myself from all of that scheming and planning my grandparents tried to make me a part of when I was 13. But then somehow I graduated to a career in banking and finance...go figure.

Last Edited by Saddletramp on 11/13/2012 12:38 AM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Saddletramp (OP)
We Don't Rent Pigs...

User ID: 1052341
United States
11/13/2012 12:32 AM

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Re: The Cash Crunch: The Short Version...
The New World Order...same as the Old World Order...

No, no, no Saddle,

The OWO have ruled the planet for nearly a millennia, maybe more.

The NWO sek to replace them with a much more saner system, based on enlightenment rather than spooky stories about God.
 Quoting: Anonymous Coward 27583401


A bit crude, but relatively accurate.

The supernatural always has a place in control systems, regardless of source. God, aliens, or ghosts - it does not matter. As long as it does not interfere with the real and adds to the system of control, it is to be encouraged.
 Quoting: 535 1326993


Well I was primarily referring to the fact that the new system being put in place is going to soak the poor and middle class just like the old system did...

But yeah, I get the differences in style...just not substance I guess...

Last Edited by Saddletramp on 11/13/2012 12:33 AM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Saddletramp (OP)
We Don't Rent Pigs...

User ID: 1052341
United States
11/13/2012 12:40 AM

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Re: The Cash Crunch: The Short Version...
The key to this entire situation is how quickly they can unwind their positions in the CDS and CDO derivative markets...

That is something to watch...a real clue to the future...
 Quoting: Saddletramp


agreed and here is why:

I wrote this description of the worlds biggest financial problem so people could understand "in laymens terms" why we are fucked ! I use the dollar in the description of Credit Default swaps for a basis as they could be denominated in any currency.

Understand that the dollar is the defacto “Reserve currency – Petrodollar” that the world uses to transact business. As that dollar becomes more encumbered with "leverage" it's ability to be a store of value has less conviction and faith. The "only" value that a fiat paper currency can retain "is" that conviction and faith.

So, let's look at the reason all faith will be lost in that currency at some point in the future. Since the creation of the FED in 1913 the currency (Dollar) value has been controlled through inflation/deflation. In 1944 the U.S. Dollar through the Brenton Woods agreement was granted “exclusive reserve currency status”.(that status meant that any country wanting to buy oil, food or commodities would have to buy dollars “first” and then they could go into the world market to make their purchase “on” the world market (with those reserve currency notes) also it meant that "If" any country lost faith or trust (through debasement or any other reason) in that currency they could go to "any" central bank in the world and trade that paper currency for physical Gold of equal value.
(Good as Gold) In 1971 Nixon suspended Brenton Woods and took us off the Gold Standard telling other nations that they could not "now" exchange the dollar for Gold as previously promised.

Here is the key to it's downfall:

The U.S. dollar (debt) from 1971 through around 1995 was able to be removed from a balance sheet with little implication through accounting techniques claiming (debt) as a loss and could be written off through tax levy offsets called accumulated loss carry forwards and that was the end of it.

Here (around 1995) comes Blythe Masters from JP morgan and she creates what is called a "Credit Default Swap" This is essentially an insurance policy on a default to pay back a debt or loan. So, lets say for shins and giggles Greece is lent 1 trillion dollars by another country. They promise to pay that money back at a set interest rate over time. The CDS (Credit Default Swap) enables financial institutions to purchase a put (Default insurance or a bet against the underlying asset)(loaned debt never being paid back). This would be OK if only "ONE PUT" was taken out against the chance of that debt not being paid back. The problem "of the whole planet situation right now" is that this debt can be "leveraged" by 100 "PUTS" or in laymens terms (for each dollar that was lent to Greece there are $100 betting against "each" one of the dollars, that it will default and not be paid back) So, now you have 100 Trillion Dollars leveraged against the default of a 1 Trillion dollar loan. So, now Greece cannot payback the loan (debt) triggering the CDS and now everyone that bought a "PUT" want's to get paid on their bet. The next problem is that those financial institutions that sold those "PUTS" are only required to have a 6% reserve (Money held in escrow to pay claims) So, in reality those institutions only have .06 cents per dollar to pay those claims and not the “whole” dollar "required or needed" to pay and honor those claims.

This is why all of these bailouts are created so "NO ONE" is allowed to fail "Triggering" these Credit Default Swaps. The original debt is maintained through interest payments from "newly created" debt (bailouts) because the money to pay those (Claims) does not exist.........Yet.
So, you say why can't they just unwind them.
Answer, is that you can't because everyone that purchased these "PUTS" – “CDO’s” wants’ to get paid because they are classified as an asset on "their" balance sheets.

There are 1.5 Quadrillion of "known" CDS's that have been sold. The un-known amount is still a secret. That’s 1,500 Trillion

The unwind would have to consist of a partial payment and a "loss carry forward" credit that could be written off through tax levy offsets.

I would like to add that no one has mentioned the CDS (Credit Default Swap) as a backstop to deflation. If all countries balance sheets go into default, through deflation this will be the trigger to honor the CDS and the massive wave of money that is not even printed yet will drive hyperinflation. Remember that only a 3%-6% reserve is required to sell a dollars worth of CDS coverage. So only .06 cents of that Dollar exists to pay them. Also 99.9% of these deflationists miss the problem of accumulated loss carry forwards sitting on Corporations balance sheets. With "C" corps and LLC's they are on the financial statements and the "S" corps accumulated loss carry forwards are sitting on the CEO's and ownerships K-1 tax forms. These accumulated loss carry forwards are worth over .33 on the dollar and can be purchased for a few pennies. The trade and available aquisition of these accumulated loss carry forwards will assure that big business and the financial institutions never pay taxes for decades to come. So all this talk of raising taxes to increase revenues to sell seats in the gobermant are hogwash and the "real" tax increases will fall to the poor and middle class that cannot afford to buy these accumulated loss carry forwards to offset their income and profits.
 Quoting: Anonymous Coward 17694439


Excellent synopsis of events as they are unfolding. Thank you for your input on this thread, it has been enlightening...

Defintely looks like a major derivative credit event could be the trigger to all of this...

Last Edited by Saddletramp on 11/13/2012 01:01 AM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
User ID: 8587542
United States
11/13/2012 12:40 AM
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Re: The Cash Crunch: The Short Version...
I'll give you all a hot lil tip.
2012 federal tax returns will not be given out next year.
Cause : fiscal cliff / debt limit will be given, an Iou will be issued but not for cash. Still try n to get more info .
Saddletramp (OP)
We Don't Rent Pigs...

User ID: 1052341
United States
11/13/2012 12:43 AM

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Re: The Cash Crunch: The Short Version...
I'll give you all a hot lil tip.
2012 federal tax returns will not be given out next year.
Cause : fiscal cliff / debt limit will be given, an Iou will be issued but not for cash. Still try n to get more info .
 Quoting: Anonymous Coward 8587542


Well now that would be an interesting turn of events. There will surely be an engineered crisis before they do something that drastic. People (the poor and middle class who for some reason allow the government to hold thier money interest free) might well take to the streets over something like that...

Last Edited by Saddletramp on 11/13/2012 12:44 AM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
WAKEUPAMERICA01

User ID: 24094200
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11/13/2012 12:48 AM

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Re: The Cash Crunch: The Short Version...
IF i remember right did they not print up a bunch of $100 bills billions and billion of them and had some problems with them. security or what not. maybe part of the excuse for hoarding.
WAKE UP AMERICA
"I love the man that can smile in trouble, that can gather strength from distress, and grow brave by reflection. 'Tis the business of little minds to shrink; but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death."
Thomas Paine, The American Crisis, No. 1, December 19, 1776
"Those who expect to reap the blessings of freedom, must, like men, undergo the fatigues of supporting it."

Thomas Paine, The American Crisis, No. 4, September 11, 1777
"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs." -- Thomas Jefferson, U.S. President.
"A majority of the people of the United States have lived all of their lives under emergency rule. For 40 years, [79 years now in 2012] freedoms and governmental procedures guaranteed by the Constitution have in varying degrees been abridged by laws brought into force by statutes of national emergency."
Saddletramp (OP)
We Don't Rent Pigs...

User ID: 1052341
United States
11/13/2012 12:51 AM

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Re: The Cash Crunch: The Short Version...
IF i remember right did they not print up a bunch of $100 bills billions and billion of them and had some problems with them. security or what not. maybe part of the excuse for hoarding.
 Quoting: WAKEUPAMERICA01


Yeah, this is the excuse by the Fed (Video in Link)

[link to www.newmoney.gov]

However, my source at the Dallas Fed says this excuse is complete and utter BULLSHIT, they are producing a massive amount of these notes, just not putting them into circulation...

Yet...

Last Edited by Saddletramp on 11/13/2012 12:52 AM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
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11/13/2012 12:51 AM
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Re: The Cash Crunch: The Short Version...
Those are great insights! 5 stars!

As you well know, the banks are unwilling to spend the electronic money thy have due to the economic uncertainty Obama brings to the table.

Their most recent concerns are to gobs of regulations. Obama and his fellow criminals are producing an average of 68 new rules and regulations each day.

According to the link from Drudge, they put out 165 new ones in one day a couple days ago (maybe Friday?)!
WAKEUPAMERICA01

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11/13/2012 12:52 AM

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Re: The Cash Crunch: The Short Version...
IF i remember right did they not print up a bunch of $100 bills billions and billion of them and had some problems with them. security or what not. maybe part of the excuse for hoarding.
 Quoting: WAKEUPAMERICA01


Yeah, this is the excuse by the Fed (Video in Link)

[link to www.newmoney.gov]

However, my source at the Dallas Fed says this excuse is complete and utter BULLSHIT, they are producing a massive amount of these notes, just not putting them into circulation...

Yet...
 Quoting: Saddletramp


thanks for the vid
WAKE UP AMERICA
"I love the man that can smile in trouble, that can gather strength from distress, and grow brave by reflection. 'Tis the business of little minds to shrink; but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death."
Thomas Paine, The American Crisis, No. 1, December 19, 1776
"Those who expect to reap the blessings of freedom, must, like men, undergo the fatigues of supporting it."

Thomas Paine, The American Crisis, No. 4, September 11, 1777
"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs." -- Thomas Jefferson, U.S. President.
"A majority of the people of the United States have lived all of their lives under emergency rule. For 40 years, [79 years now in 2012] freedoms and governmental procedures guaranteed by the Constitution have in varying degrees been abridged by laws brought into force by statutes of national emergency."
Bluebird

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11/13/2012 12:53 AM

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Re: The Cash Crunch: The Short Version...
They can have us all just mark off the last "0" on bills the way they do in Latin America when a currency crashes.

Saves money printing and all that.
One of the most important aspects of conspiracy theories is being able to discern when there isn't one.

Oh yeah, like you'd understand anyway.

Where are we going and why am I in this handbasket?. . .J. Handy
Anonymous Coward
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11/13/2012 01:17 AM
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Re: The Cash Crunch: The Short Version...
The key to this entire situation is how quickly they can unwind their positions in the CDS and CDO derivative markets...

That is something to watch...a real clue to the future...
 Quoting: Saddletramp


agreed and here is why:

I wrote this description of the worlds biggest financial problem so people could understand "in laymens terms" why we are fucked ! I use the dollar in the description of Credit Default swaps for a basis as they could be denominated in any currency.

Understand that the dollar is the defacto “Reserve currency – Petrodollar” that the world uses to transact business. As that dollar becomes more encumbered with "leverage" it's ability to be a store of value has less conviction and faith. The "only" value that a fiat paper currency can retain "is" that conviction and faith.

So, let's look at the reason all faith will be lost in that currency at some point in the future. Since the creation of the FED in 1913 the currency (Dollar) value has been controlled through inflation/deflation. In 1944 the U.S. Dollar through the Brenton Woods agreement was granted “exclusive reserve currency status”.(that status meant that any country wanting to buy oil, food or commodities would have to buy dollars “first” and then they could go into the world market to make their purchase “on” the world market (with those reserve currency notes) also it meant that "If" any country lost faith or trust (through debasement or any other reason) in that currency they could go to "any" central bank in the world and trade that paper currency for physical Gold of equal value.
(Good as Gold) In 1971 Nixon suspended Brenton Woods and took us off the Gold Standard telling other nations that they could not "now" exchange the dollar for Gold as previously promised.

Here is the key to it's downfall:

The U.S. dollar (debt) from 1971 through around 1995 was able to be removed from a balance sheet with little implication through accounting techniques claiming (debt) as a loss and could be written off through tax levy offsets called accumulated loss carry forwards and that was the end of it.

Here (around 1995) comes Blythe Masters from JP morgan and she creates what is called a "Credit Default Swap" This is essentially an insurance policy on a default to pay back a debt or loan. So, lets say for shins and giggles Greece is lent 1 trillion dollars by another country. They promise to pay that money back at a set interest rate over time. The CDS (Credit Default Swap) enables financial institutions to purchase a put (Default insurance or a bet against the underlying asset)(loaned debt never being paid back). This would be OK if only "ONE PUT" was taken out against the chance of that debt not being paid back. The problem "of the whole planet situation right now" is that this debt can be "leveraged" by 100 "PUTS" or in laymens terms (for each dollar that was lent to Greece there are $100 betting against "each" one of the dollars, that it will default and not be paid back) So, now you have 100 Trillion Dollars leveraged against the default of a 1 Trillion dollar loan. So, now Greece cannot payback the loan (debt) triggering the CDS and now everyone that bought a "PUT" want's to get paid on their bet. The next problem is that those financial institutions that sold those "PUTS" are only required to have a 6% reserve (Money held in escrow to pay claims) So, in reality those institutions only have .06 cents per dollar to pay those claims and not the “whole” dollar "required or needed" to pay and honor those claims.

This is why all of these bailouts are created so "NO ONE" is allowed to fail "Triggering" these Credit Default Swaps. The original debt is maintained through interest payments from "newly created" debt (bailouts) because the money to pay those (Claims) does not exist.........Yet.
So, you say why can't they just unwind them.
Answer, is that you can't because everyone that purchased these "PUTS" – “CDO’s” wants’ to get paid because they are classified as an asset on "their" balance sheets.

There are 1.5 Quadrillion of "known" CDS's that have been sold. The un-known amount is still a secret. That’s 1,500 Trillion

The unwind would have to consist of a partial payment and a "loss carry forward" credit that could be written off through tax levy offsets.

I would like to add that no one has mentioned the CDS (Credit Default Swap) as a backstop to deflation. If all countries balance sheets go into default, through deflation this will be the trigger to honor the CDS and the massive wave of money that is not even printed yet will drive hyperinflation. Remember that only a 3%-6% reserve is required to sell a dollars worth of CDS coverage. So only .06 cents of that Dollar exists to pay them. Also 99.9% of these deflationists miss the problem of accumulated loss carry forwards sitting on Corporations balance sheets. With "C" corps and LLC's they are on the financial statements and the "S" corps accumulated loss carry forwards are sitting on the CEO's and ownerships K-1 tax forms. These accumulated loss carry forwards are worth over .33 on the dollar and can be purchased for a few pennies. The trade and available aquisition of these accumulated loss carry forwards will assure that big business and the financial institutions never pay taxes for decades to come. So all this talk of raising taxes to increase revenues to sell seats in the gobermant are hogwash and the "real" tax increases will fall to the poor and middle class that cannot afford to buy these accumulated loss carry forwards to offset their income and profits.
 Quoting: Anonymous Coward 17694439


Excellent synopsis of events as they are unfolding. Thank you for your input on this thread, it has been enlightening...

Defintely looks like a major derivative credit event could be the trigger to all of this...
 Quoting: Saddletramp


I loved your threads, as I eat sleep and shit monetary policy. I love understanding the complex system that they try and pick-our-pockets with. Saddletramp you are one of the best GLP members as you always discuss information that needs to be vetted and explored !

Thanks again and 5*
Hypertiger

User ID: 12277324
Canada
11/13/2012 01:33 AM
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Re: The Cash Crunch: The Short Version...
According to the FED the total currency or federal reserve notes in circulation is.

1.135 Trillion Dollars.

According to the FED the total credit market debt is currently.

55 Trillion Dollars.

Meaning that there is around a 2% fractional reserve of notes to the total debt outstanding.

Historically it's hoverd around 2 to 3% for decades now.
Saddletramp (OP)
We Don't Rent Pigs...

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11/13/2012 01:36 AM

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Re: The Cash Crunch: The Short Version...
Here's the one after-effect I see from a conversion of fiat currency to a basket of commodities based currency. It will stabilize the currency, but it will be hard to inflate the currency enough to provide the type of growth we have been used too over the last seventy years or so, at least not without putting the price of food and energy out of reach for the average person.

For this to work the way they intend, there would almost certainly have to be a massive reduction in world population...

Perhaps the darkest aspects of the NWO tale might actually come to pass...

From the land of the free and home of the brave to the land of the serf and the home of the slave...

I genuinely admire what our forefather's did in creating this country, it's a God awful shame to see it come to this...

I guess I'll just never have the "hive" mentality...

Last Edited by Saddletramp on 11/13/2012 01:44 AM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Saddletramp (OP)
We Don't Rent Pigs...

User ID: 1052341
United States
11/13/2012 01:38 AM

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Re: The Cash Crunch: The Short Version...
According to the FED the total currency or federal reserve notes in circulation is.

1.135 Trillion Dollars.

According to the FED the total credit market debt is currently.

55 Trillion Dollars.

Meaning that there is around a 2% fractional reserve of notes to the total debt outstanding.

Historically it's hoverd around 2 to 3% for decades now.
 Quoting: Hypertiger


While I would debate those numbers the Fed is putting out with regard to credit market debt, yes, again assuming those numbers are anywhere close to acurate, that WOULD be true IF they were circulating the "New" $100 dollar bills they have already printed and stockpiled, but they are not...

[link to www.newmoney.gov]

Check out the amount of $100 dollar bills they have printed in 2011 and 2012...all of that has yet to be circulated.

[link to www.moneyfactory.gov]

And while they are failing to circulate the "New" issue, they are still pulling worn and torn currency out of the system...

So while I don't have an exact number, I think it is safe to say we are well below the 2% range right now, and we will remain so until they begin to circulate all of those Billions of dollars worth of new $100 bills they have been printing...and there is still no circulation date forthcoming from the fed...

Last Edited by Saddletramp on 11/13/2012 01:49 AM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Bluebird

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11/13/2012 02:20 AM

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Re: The Cash Crunch: The Short Version...
bump

To keep this on the front page.
One of the most important aspects of conspiracy theories is being able to discern when there isn't one.

Oh yeah, like you'd understand anyway.

Where are we going and why am I in this handbasket?. . .J. Handy
my 2 cents
1864 sm. motto, PCGS, MS-63 red

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11/13/2012 02:58 AM

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Re: The Cash Crunch: The Short Version...
I haven't read all the pages in this thread so forgive me if this has already been mentioned. Apparently the new $100 FRNs are being withheld due to printing problems. They won't release these notes until the problem has been resolved.
I wonder if this could apply to the other denominations as well?
[link to www.cnbc.com]
Patriotism is supporting your country always -- and your government when they deserve it. Mark Twain


Those who beat their swords into plowshares usually end up plowing for those who kept their swords. -Benjamin Franklin
Saddletramp (OP)
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11/13/2012 10:36 AM

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Re: The Cash Crunch: The Short Version...
I haven't read all the pages in this thread so forgive me if this has already been mentioned. Apparently the new $100 FRNs are being withheld due to printing problems. They won't release these notes until the problem has been resolved.
I wonder if this could apply to the other denominations as well?
[link to www.cnbc.com]
 Quoting: my 2 cents


Yeah, here is the reasoning behind the Fed holding back the last two years worth of $100 printings...

[link to www.newmoney.gov]

The kicker to this is, my source at the Dallas Fed says this excuse is complete and utter bullshit...

It appears they aren't holding back so much on releasing the other denominations of bills, it's just that almost half of the money printed over the last two years (in dollar value) are in the $100 bills they aren't releasing, and they are still pulling worn and torn $100's out of the system. This is what's leading to the cash shortage we are seeing...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
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11/13/2012 11:30 AM
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Re: The Cash Crunch: The Short Version...
5 stars and a bump

Ann is Awesome! Thanks for the the great thread...quite enlightening! :-)
my 2 cents
1864 sm. motto, PCGS, MS-63 red

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11/13/2012 03:41 PM

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Re: The Cash Crunch: The Short Version...
I haven't read all the pages in this thread so forgive me if this has already been mentioned. Apparently the new $100 FRNs are being withheld due to printing problems. They won't release these notes until the problem has been resolved.
I wonder if this could apply to the other denominations as well?
[link to www.cnbc.com]
 Quoting: my 2 cents


Yeah, here is the reasoning behind the Fed holding back the last two years worth of $100 printings...

[link to www.newmoney.gov]

The kicker to this is, my source at the Dallas Fed says this excuse is complete and utter bullshit...

It appears they aren't holding back so much on releasing the other denominations of bills, it's just that almost half of the money printed over the last two years (in dollar value) are in the $100 bills they aren't releasing, and they are still pulling worn and torn $100's out of the system. This is what's leading to the cash shortage we are seeing...
 Quoting: Saddletramp


I just watched the video you posted and it didn't strike me as unreasonable that the new notes would be held back due to "printing problems". However, it did strike me as VERY odd that there would be at least a six month lag between the announcement of the notes being released and the actual release date. (1:15-1:30 in the video) The reason given, that businesses will need at least six months to prepare themselves for the release, comes across as a pile of bullshit to me, especially when other denominations are released without any lag time.
Something smells.

Last Edited by my 2 cents on 11/13/2012 05:31 PM
Patriotism is supporting your country always -- and your government when they deserve it. Mark Twain


Those who beat their swords into plowshares usually end up plowing for those who kept their swords. -Benjamin Franklin
Saddletramp (OP)
We Don't Rent Pigs...

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11/13/2012 05:57 PM

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Re: The Cash Crunch: The Short Version...
I haven't read all the pages in this thread so forgive me if this has already been mentioned. Apparently the new $100 FRNs are being withheld due to printing problems. They won't release these notes until the problem has been resolved.
I wonder if this could apply to the other denominations as well?
[link to www.cnbc.com]
 Quoting: my 2 cents


Yeah, here is the reasoning behind the Fed holding back the last two years worth of $100 printings...

[link to www.newmoney.gov]

The kicker to this is, my source at the Dallas Fed says this excuse is complete and utter bullshit...

It appears they aren't holding back so much on releasing the other denominations of bills, it's just that almost half of the money printed over the last two years (in dollar value) are in the $100 bills they aren't releasing, and they are still pulling worn and torn $100's out of the system. This is what's leading to the cash shortage we are seeing...
 Quoting: Saddletramp


I just watched the video you posted and it didn't strike me as unreasonable that the new notes would be held back due to "printing problems". However, it did strike me as VERY odd that there would be at least a six month lag between the announcement of the notes being released and the actual release date. (1:15-1:30 in the video) The reason given, that businesses will need at least six months to prepare themselves for the release, comes across as a pile of bullshit to me, especially when other denominations are released without any lag time.
Something smells.
 Quoting: my 2 cents


Yeah, my source at the Dallas Fed says the printing error was fixed in 2011, and that the numbers from Printing and Engraving are correct, and that money ($100 dollar bills)printed in 2011 and 2012 is just sitting there, almost $4 Billion Dollars worth, stockpiled, but not being released.

Meanwhile, they're still pulling old worn and torn $100's out of the system. They don't have a firm number, but he figures the amount of cash available currently is down by as much as 25% from usual standards, and they are pulling old bills out every day...

And still the Fed will not give a release date for the new $100 Bill...

[link to www.moneyfactory.gov]

Last Edited by Saddletramp on 11/13/2012 05:58 PM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
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11/14/2012 01:29 PM
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Re: The Cash Crunch: The Short Version...
wtf
Anonymous Coward
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11/14/2012 03:00 PM
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Re: The Cash Crunch: The Short Version...
great thread. 5 stars and a bump for you.

thanks for the great info. as this has been the "short version", I look forward to your more complete article.
Stickyfoot

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11/14/2012 06:42 PM

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Re: The Cash Crunch: The Short Version...
Many thanks Tramp ,good info as always hfbump
Stickyfoot,i think i stepped in something
Anonymous Coward
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11/22/2012 12:29 AM
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Re: The Cash Crunch: The Short Version...
IF i remember right did they not print up a bunch of $100 bills billions and billion of them and had some problems with them. security or what not. maybe part of the excuse for hoarding.
 Quoting: WAKEUPAMERICA01


Yeah, this is the excuse by the Fed (Video in Link)

[link to www.newmoney.gov]

However, my source at the Dallas Fed says this excuse is complete and utter BULLSHIT, they are producing a massive amount of these notes, just not putting them into circulation...

Yet...
 Quoting: Saddletramp



My husband and I have both worked in publishing for decades. He is a Pre-Press Mgr and certified color specialist. Yes, sometimes things go wrong during a print job that worked fine in testing. BUT... there is a color specialist and Press Mgr (and many other press-men) standing right there correcting as they go. Paper jams or wrinkles, you re-set. Ink gets used up sheet-by-sheet being printed, so they constantly color-test and re-set.

There's NO such thing as printing 1.1 billion notes, and not catching it, immediately. lies.

The Fed's justification for not distributing the bills is bogus to anyone in the printing industry. You don't screw up that badly for that long and no one catch it. It's called "stop loss" and cuts into profit.

But... considering that they Print the $$ they probably aren't worried about "stop loss" Wasting $$. so maybe the idiots really did print and waste that much.

Thanks for the website link, but it was oddly robotic in its delivery. wrong inflections. but good to know what the 'official' BS is.

That the Fed put out these two bits of info stood out to me:

First, they say they will give businesses six months preparation time before releasing the "new notes." If a $10 is still $10 and $100 still $100 then who needs 6 months' warning? Does that hint toward major change to deal with.

Second thing is when Michael Lambert, Deputy Associate Director said, "...While we understand that there's not likely to be a silver bullet in this particular case..."

Think he's just speaking off the cuff, or from something that was pre-written for a public statement?
Anonymous Coward
User ID: 19099851
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11/22/2012 12:36 AM
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Re: The Cash Crunch: The Short Version...
IF i remember right did they not print up a bunch of $100 bills billions and billion of them and had some problems with them. security or what not. maybe part of the excuse for hoarding.
 Quoting: WAKEUPAMERICA01


Yeah, this is the excuse by the Fed (Video in Link)

[link to www.newmoney.gov]

However, my source at the Dallas Fed says this excuse is complete and utter BULLSHIT, they are producing a massive amount of these notes, just not putting them into circulation...

Yet...
 Quoting: Saddletramp



My husband and I have both worked in publishing for decades. He is a Pre-Press Mgr and certified color specialist. Yes, sometimes things go wrong during a print job that worked fine in testing. BUT... there is a color specialist and Press Mgr (and many other press-men) standing right there correcting as they go. Paper jams or wrinkles, you re-set. Ink gets used up sheet-by-sheet being printed, so they constantly color-test and re-set.

There's NO such thing as printing 1.1 billion notes, and not catching it, immediately. lies.

The Fed's justification for not distributing the bills is bogus to anyone in the printing industry. You don't screw up that badly for that long and no one catch it. It's called "stop loss" and cuts into profit.

But... considering that they Print the $$ they probably aren't worried about "stop loss" Wasting $$. so maybe the idiots really did print and waste that much.

Thanks for the website link, but it was oddly robotic in its delivery. wrong inflections. but good to know what the 'official' BS is.

That the Fed put out these two bits of info stood out to me:

First, they say they will give businesses six months preparation time before releasing the "new notes." If a $10 is still $10 and $100 still $100 then who needs 6 months' warning? Does that hint toward major change to deal with.

Second thing is when Michael Lambert, Deputy Associate Director said, "...While we understand that there's not likely to be a silver bullet in this particular case..."

Think he's just speaking off the cuff, or from something that was pre-written for a public statement?
 Quoting: Anonymous Coward 22213691


This is why GLP is known to be home to such complete idiots - has it occurred to you that the treasury, unlike people who are PRINTING BOOKS, is actually quite different? Its not the "printing industry" they don't print it like they are printing books. The insane stupidity of "I worked in the for profit printing industry, therefore I can call BS on money printing which is completely different" is laughable.
Anonymous Coward
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11/22/2012 12:43 AM
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Re: The Cash Crunch: The Short Version...
IF i remember right did they not print up a bunch of $100 bills billions and billion of them and had some problems with them. security or what not. maybe part of the excuse for hoarding.
 Quoting: WAKEUPAMERICA01


Yeah, this is the excuse by the Fed (Video in Link)

[link to www.newmoney.gov]

However, my source at the Dallas Fed says this excuse is complete and utter BULLSHIT, they are producing a massive amount of these notes, just not putting them into circulation...

Yet...
 Quoting: Saddletramp



My husband and I have both worked in publishing for decades. He is a Pre-Press Mgr and certified color specialist. Yes, sometimes things go wrong during a print job that worked fine in testing. BUT... there is a color specialist and Press Mgr (and many other press-men) standing right there correcting as they go. Paper jams or wrinkles, you re-set. Ink gets used up sheet-by-sheet being printed, so they constantly color-test and re-set.

There's NO such thing as printing 1.1 billion notes, and not catching it, immediately. lies.

The Fed's justification for not distributing the bills is bogus to anyone in the printing industry. You don't screw up that badly for that long and no one catch it. It's called "stop loss" and cuts into profit.

But... considering that they Print the $$ they probably aren't worried about "stop loss" Wasting $$. so maybe the idiots really did print and waste that much.

Thanks for the website link, but it was oddly robotic in its delivery. wrong inflections. but good to know what the 'official' BS is.

That the Fed put out these two bits of info stood out to me:

First, they say they will give businesses six months preparation time before releasing the "new notes." If a $10 is still $10 and $100 still $100 then who needs 6 months' warning? Does that hint toward major change to deal with.

Second thing is when Michael Lambert, Deputy Associate Director said, "...While we understand that there's not likely to be a silver bullet in this particular case..."

Think he's just speaking off the cuff, or from something that was pre-written for a public statement?
 Quoting: Anonymous Coward 22213691


This is why GLP is known to be home to such complete idiots - has it occurred to you that the treasury, unlike people who are PRINTING BOOKS, is actually quite different? Its not the "printing industry" they don't print it like they are printing books. The insane stupidity of "I worked in the for profit printing industry, therefore I can call BS on money printing which is completely different" is laughable.
 Quoting: Anonymous Coward 19099851


DID YOU ACTUALLY WATCH THE VIDEO? I was not trying to be a know-it-all. It's not laughable to point out that the basics of running a rolling drum press or any kind of printing production is the same process for catching errors.

The Treasury uses special paper that is more fabric and they have specialty inks. but yes, the basics of catching errors is the same. It should even be superior at the Treasury because of the importance of what they are doing.

I am not an idiot or trying to be laughable. The government, claiming that 1.1 billion notes are unusable, is.
Anonymous Coward
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04/24/2013 01:33 PM
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Re: The Cash Crunch: The Short Version...
It takes a criminal genius to build a systems like this. First, in the great depression you soak everyone who turns in their one ounce gold eagles for a $20 sawbuck for a one time forty percent hit when they revalue the gold at $34 dollars per ounce, but you tell them, don't worry, your paper is still backed by gold.

Then in 1972 Nixon takes the dollar off of the gold standard, but maintains the supremecy of the currency through the Petro-Dollar system. Meanwhile, a few years later we move from deflation prior to the removal of the gold standard, to double digit inflation after the removal of the gold standard. Soaking the people for even more of their money...

Now you tell people they're going to have to turn in their fiat currency for a commodity backed currency, and that they'll have to pay (a guess here) two hundred dollars of the old fiat currency for one hundred dollars of the new basket of commodities based currency...

Or, they'll just cut the amount in your bank account in half, meanwhile, the commodities (that they own physically) will double in value...soaking the people once again...

This is Keynesianism refined to a criminal art form...
 Quoting: Saddletramp


so what will happen to the money people owe, such as debts and mortgage? If someone borrowed a million old dollar to buy a house, does he owe 1 mil new dollar or half?
Anonymous Coward
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United States
04/24/2013 02:42 PM
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Re: The Cash Crunch: The Short Version...
It takes a criminal genius to build a systems like this. First, in the great depression you soak everyone who turns in their one ounce gold eagles for a $20 sawbuck for a one time forty percent hit when they revalue the gold at $34 dollars per ounce, but you tell them, don't worry, your paper is still backed by gold.

Then in 1972 Nixon takes the dollar off of the gold standard, but maintains the supremecy of the currency through the Petro-Dollar system. Meanwhile, a few years later we move from deflation prior to the removal of the gold standard, to double digit inflation after the removal of the gold standard. Soaking the people for even more of their money...

Now you tell people they're going to have to turn in their fiat currency for a commodity backed currency, and that they'll have to pay (a guess here) two hundred dollars of the old fiat currency for one hundred dollars of the new basket of commodities based currency...

Or, they'll just cut the amount in your bank account in half, meanwhile, the commodities (that they own physically) will double in value...soaking the people once again...

This is Keynesianism refined to a criminal art form...
 Quoting: Saddletramp


so what will happen to the money people owe, such as debts and mortgage? If someone borrowed a million old dollar to buy a house, does he owe 1 mil new dollar or half?
 Quoting: Anonymous Coward 14443159


bump

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