It's the only form of protest that seems to have potential anymore. After marching in the streets with millions against the invasion of Iraq, writing to legislators in opposition of Telecom immunity, human rights abuses done in our name and redistributing our nation's wealth into the hands of a few corrupt banks, it seems no other forms of protest work.

The only thing that may work is protesting with the purse.

He has never had a job outside of Government. He was born sucking Uncle Sam's tit and is still sucking Uncle Sam's tit. He's just a welfare queen.

Funny you should mention sucking off, see my link below. It's how things are done in Washington.

Research how many fiat currencies have survived throughout history, if that doesn't make you think twice I don't what will.

This is our current US Base Money (1919 - November, 2008)
http://research.stlouisfed.org/fred2/fredgraph?s[1][id]=AMBNS

Look at that and then ask yourself how we are going to deal with that? If you aren't sure what I mean, look up 'parabolic rises' and see what almost always follows them.

A printing press is not solution to our problem, it's a whole new can of worms. Mike Maloney’s book (an advisor to Robert Kiyosaki) “Guide to Investing in Gold and Silver”, the title doesn’t do it justice because it is really more about this crisis and the history of money. It leans heavily on Robert Kiyosaki’s book “Prophesy” written in 2002 which covers the ERISA act of 74 and the problems the baby boomers will cause when they retire. It’s important to note Mike’s book was published on August 28, 2008 before the big stock slide so far 100% dead on detail in which has pegged this crisis to this point is very significant. This is pages 112 to 116.

Soon the world will wake up to the fact that though mortgage backed securities (MBS) are a big problem, there is an even bigger problem looming out there, the zero-down loan. MBS are the big problem for the financial sector. MBS only speed up the global transmission of problems through the banking sector. It’s the zero-down loan that threatens to suck the world economy into a black hole.

In the end, I think we’re in for a wild roller coaster of ride, with a few whipsaws thrown in. First the threat of deflation, followed by real deflation, and then followed by hyperinflation.

This scenario is the one that fulfills predictions made by Robert Kiyosaki, and several other people I have great respect for. I think that our current subprime fiasco will turn into a larger problem than it is now, and as the real estate sector begins to plummet, and the credit currency that was borrowed into existence begins to evaporate, the threat of deflation will loom. Then Ben Bernanke will come to the rescue and bail us out by orchestrating another helicopter drop of currency.

In his book “Rich Dad’s Prophesy”, Robert Kiyosaki predicted that one of the greatest stock market booms in history was yet to come, and would last at least until 2007. This was amazing considering that the book was written back in 2002. The country was still reeling from 9/11 and the financial scandals like Enron, while the Dow was finishing a three-year brutal bear market, and many analysts were predicting a bear market for years to come. But Robert made his ultra-bullish prediction in the midst of all that bearish sentiment based on fundamentals of the baby boom demographics and their retirement needs. The so-called experts called Robert a lunatic. Current events reveal he is a genius.

The day of reckoning will come when the millions of baby boomers reach the age where they have to take mandatory distributions from their IRAs. As they find the investments they were counting on for their retirement, their homes and their IRAs full of mutual funds, have actually lost value, that the amount of stuff they can buy from the proceeds if they sell their home is actually less than when they bought their home. And as they realize their dream of comfortable retirement was just that, a dream, all those baby boomers will get scared and pull in their horns. They will stop spending. They will start selling off their assets. And Rich Dad’s second prophesy, the greatest stock market crash in history, will unfold. More and more boomers will panic and sell. I believe this will also be accompanied by the greatest real estate crash the world has ever seen.

This perfect storm of bankruptcies and foreclosures will cause the currency supply to contract as the giant credit bubble pops, and all those big spenders become big savers. When people save their currency, it stops circulating. The economic engine runs out of oil and the whole thing locks up. This is Bernanke’s worst nightmare. This is real deflation, and poor Ben is about to discover the true scale of the horrors of a credit bubble implosion.

When that happens, Ben “burn the currency” Bernanke will once again send out his armada of money-dropping helicopters, but this time something will be different. Something will have gone horribly wrong. The bombs will have been defused. The Fed will try pumping the banking sector by buying every kind of debt they can get their hands on, but to no avail. They will go to extraordinary measures they had said they were prepared to go to. They will buy every mortgage, MBS, and any other type of debt that panicky investors and banks are trying to sell, but nothing good will come of it. They will start buying stocks to buoy the markets, but retail sales will continue to plunge. They will try broad-based tax cuts, but it won’t jump-start the economy. They will work with foreign central banks to buy each other’s debt, but the global economy will continue to plummet. People will finally see through the veil. They will what Dorothy, the Scarecrow, the Lion, and the Tin Man saw. That the Wizard of Oz is really just a dopey old guy frantically puling levers.

Remember when we talked about how during WWI the Germans increased their currency supply by 400 percent yet there was no price inflation because of the public’s anxiety over the war and the uncertainty of their future? Imagine the anxiety 75 million baby boomers will feel as they approach retirement, only to find their homes and mutual funds are now worth next to nothing. The nest egg, ladies and gentlemen, has just cracked. When they get the tax rebates from Ben, are they going to buy that new big screen TV and the latest cell phone? I think not. I think they are going to save every dime they can get their hands on. Just like in Germany during the war.

But there will be a point at which a threshold is reached. For each income class it will be different. It will be the point where they feel they’ve finally got enough saved for retirement. For some it will be $100,000, for others it will be $1,000,000 and for others still it will be $10,000,000. Ben knows that there is a point where they’ll feel safe enough to replace that aging computer, and maybe get that new TV. At this point the boys at the Fed will buy enough government debt to fund tax rebates for all the taxes paid in the previous year, but still nobody will buy that new car. The threshold the Fed is looking for will not be reached.

Then in not so quiet desperation, Ben will say, “Screw the helicopters. Send in the bombers.” And as the shadows of millions of stealth currency bombers darken the skies, currency will begin to fall like rain in the desert. As Joe Six-pack and John Q. get tax rebate checks in the mail for all the taxes they paid during their entire lifetimes, fear will be temporarily alleviated and some of that currency will come out of hiding, just as in Weimar Germany. Prices will rise quickly and dramatically as all the stored-up currency energy is released. In a panic, “B2 Ben” (as I predict his new stealth bomber nickname will be) will call back the bombers, but it will be too late. There’s nothing Ben will be able to do to stop it now, because the hyperinflation will have already begun. The Dow will begin an invisible crash of epic proportions, and gold prices will shoot to the moon. If you were wise enough to moor you boat in the safe harbors of gold, silver, and other commodities, you will weather the storm. It won’t be pretty but at least you’ll be safe.

At this point, confidence in currency will fall faster than it can be created. Cost of living will increases for government employees and the cost of all government projects, the subcontractors, the labor, the materials, will all skyrocket. And each time more currency is created to pay for the increases, the value of the currency will fall even faster.

In times like that, governments have only two choices: shut down the government and all of it projects and services, send everybody home without pay, turn off the printing presses, and wait for the free market system to discover levels that account for the quantity of currency in supply; or print the currency into oblivion. Governments have always chosen the latter.

But the stored-up energy of excess currency creation doesn’t have to take place within the United States, and it doesn’t necessarily have to be in the future. In fact, there is an abundance of stored-up currency just waiting to be released right now. As I mentioned earlier, all the dollars we sent overseas to other countries to buy their goods are now sitting in their bank accounts, just waiting to be spent. Eventually, the world economy will lose faith in the U.S. dollar and will want to dump it by buying up goods. This will of course, cause the price of goods to rise, and could, and probably will, trigger a scenario much like the one I have finished describing.

Throughout history economists have suffered from what I like to call “this time syndrome”. This time they’ve become masters of the economic universe. This time they’ve figured it out. This time they’ve tamed the economy. This time they’ve mastered the art of infinite currency amplification. This time a fiat currency will work!

History gives this probability of zero. Each time we sailed toward economic doom the greatest financial minds in the world were at the helm. Do you really think we should continue letting them steer the ship?