An economic collapse is formed of three things.
1. A dramatic increase in debt, as a proportion of the value of production.
2. A debasement of the currency, through the rise of money aggregates, such as derivatives
3. A collapse of physical production in the manufacturing and agricultural sectors
This is a lethal combination that separates currency from productive output. Both of these are dynamic forces. The real value of currency cannot be secured by a commodity, it might be able to be valued by a commodity like gold or silver, but it can't be secured by it.
Currency requires the continuing dynamic production of goods and services within its economy to ensure its stability. Currency's only purpose is to facilitate the transfer of goods, and as such it is a form of public credit, not something with any intrinsic value in and of itself.
I'm convinced there is cabal out there of rich bankers who are so morally corrupt and ambitious, and whose fortunes are so tied into the the failed policies of monetarism and globalism, that they would go to any lengths to protect their interests.
I'm not sure whether Kennedy had the wherewithal to change that system, but his attempt to undercut the Federal Reserve would have sent shock waves through the world financial system.
The U.S. in 1963 had a healthy economy, a stable currency, an integrated national industrial economy, with prosperity and equitably shared wealth. That has all been frittered away since by the policies of economic liberalism - free trade, deregulation, privatization, monetarism, deformation of credit, rampant speculation.
Personally i have my doubts that this was an elaborate conspiracy, but i don't discount it totally. I know that this Executive Order might have been the last authentic attempt to wrest control of the economy for the benefit of the American People, from the international banking oligarchy that now has complete control of it.
Our current policies are driving us to our knees economically. It is an unfolding and on going event, and Obama is in every way facilitating it, by supporting a bailout of the banks, instead of the American people. He is dishonouring his oath to uphold the Constitution of the United States and promote the general welfare in doing so.
Last edited by coldstream; Aug 7th, 2009 at 08:49 PM..