Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
WASHINGTON (Reuters) - U.S. government officials are bracing for a possible greater need for paper currency and coins in the event of an influenza pandemic in the United States, a Treasury Department official said on Thursday.
"In the immediate aftermath of any disaster, there may be some movement toward a greater use of currency," said Treasury Deputy Assistant Secretary Scott Parsons. He was testifying before a House of Representatives financial services panel.
The U.S. Mint, Bureau of Engraving and Printing and the Federal Reserve are collaborating to ensure that banknote and coin inventories would be adequate if financial institutions need extra supplies, Parsons said.
WASHINGTON (Reuters) - U.S. government officials are bracing for a possible greater need for paper currency and coins in the event of an influenza pandemic in the United States, a Treasury Department official said on Thursday.
"In the immediate aftermath of any disaster, there may be some movement toward a greater use of currency," said Treasury Deputy Assistant Secretary Scott Parsons. He was testifying before a House of Representatives financial services panel.
The U.S. Mint, Bureau of Engraving and Printing and the Federal Reserve are collaborating to ensure that banknote and coin inventories would be adequate if financial institutions need extra supplies, Parsons said.
Any excuse to print more money?
Well, I dont get the correlation between have the avian flu and needing cash. Seems to me the more money you print, the less its worth, but what do I know.
Posted: Thu Jun 29, 2006 5:12 pm Post subject: Re: US set to boost banknote supply if flu breaks out
A major event like this may cause a 'run on the bank' meaning people will want hard currency for perceived safety. True, if you don't have a monetary policy(like MExico in the 70's and 80's) and make gobs of cash available then you will have rapid inflation.
The U.S. has a fairly good handle on this so they would simply constrict the money supply through interest rate manipulation to keep hyper-inflation in check. All of this is at least in theory... _________________ "God is dead. God remains dead. And we have killed him." -Friedrich Nietzsche
Posted: Thu Jun 29, 2006 7:38 pm Post subject: Re: US set to boost banknote supply if flu breaks out
yeah what bullshit. Most people use plastic today anyway for transactions. Only reason to substancially boost the physical money supply is to counter substancil inflation
Joined: Oct 23, 2004 Posts: 5928 Location: New Jersey
Posted: Thu Jun 29, 2006 7:58 pm Post subject: Re: US set to boost banknote supply if flu breaks out
The implication is that currency will be positioned in strategic locations ahead of the avian flu. That means it is being printed now.
Since a pandemic may cause the electronic banking system to 'malfunction' (that is people not going to their banks), cash will be needed. Being there is a strong coorelation between cash money and the 'money base' (the actual electronic money created by the Fed), and since the money base acts a multiplier effect on the money supply (cash and bank deposits), this move is potentially very inflationary.
Avian flu, by itself, would be very deflationary - that is business would collapse and there would be no buyers. This move is to create artificial demand by increasing inflation.
What should you do? Buy gold and silver when the pandemic starts.
Posted: Fri Jun 30, 2006 12:22 am Post subject: Re: US set to boost banknote supply if flu breaks out
DantesPeak wrote:
Since a pandemic may cause the electronic banking system to 'malfunction'
DantesPeak I agree with you that there probably will be some banking system malfunction. We already saw one of the big banks (HSBC) say, based on their experience of SARS, that they expect half of their staff to be off, either sick or looking after family members. In addition all the ATMs need to be regularly stocked. Also if there are some disruptions to telecommunications / electricity supply then 'plastic money' will not be able to be used during the time of disruption. In light of this I think that it would be sensible to increase the cash supply in circulation.
Of course if we are convinced TBTP are keen to see hyperinflation to wipe out the debt / increase their own wealth etc, then we will see this as just another attempt to do so. However, if a pandemic looked close, I would be interested in withdrwing more cash from the bank than I would normally have - so this seems to be a sensible move to cater for people like me _________________ We should teach our children the 4-Rs: Reduce, Reuse, Recycle and Rejoice.
Posted: Fri Jun 30, 2006 7:24 am Post subject: Re: US set to boost banknote supply if flu breaks out
DantesPeak wrote:
The implication is that currency will be positioned in strategic locations ahead of the avian flu. That means it is being printed now.
Since a pandemic may cause the electronic banking system to 'malfunction' (that is people not going to their banks), cash will be needed. Being there is a strong coorelation between cash money and the 'money base' (the actual electronic money created by the Fed), and since the money base acts a multiplier effect on the money supply (cash and bank deposits), this move is potentially very inflationary.
Avian flu, by itself, would be very deflationary - that is business would collapse and there would be no buyers. This move is to create artificial demand by increasing inflation.
What should you do? Buy gold and silver when the pandemic starts.
Correctamundo Dante. Avian flu is THE ONE EVENT on the immediate horizon, which is very deflationary. They reckon a severe outbreak might kill 100+ million people, make many more sick and eventually cost the world economy some $4 trillion in lost economic output. That would be enough to bring down many emerging market economies. Deflate the price of oil by $20 in short order. And cause disruptions in the delivery of food and energy.
Simply put, for the FED and Treasury NOT to have a back-up plan in case of another LTCC, Dot.Con Crash or 9/11 event would be highly irresponsible seeing that Americans cannot even adequately take care of themselves during floods and hurricanes. Someone has to do their thinking for them.
Paper notes spreading Avian flu? Never mind the bank notes in your wallet, watch out for door knobs.
If you look at what happened in the aftermath of the Great Influenza outbreak in 1918 (yes, my grandmother died thank you very much), you would see that people wanted to and needed to avoid as much public contact as possible, and needed to stay home because they were sick or taking care of sick relatives. Isolation.
That would increase the demand for hard currency to buy groceries less often, but in large quantities when needed or as available. You definately do not want to aggravate the situation by having a run on a few banks and promoting a panic in addition to the health issues.
Healthy skepticism is all well and fine, even necessary, but some of you see nothing BUT ulterior motives. Maybe it is you? _________________ The organized state is a wonderful invention whereby everyone can live at someone else's expense.
Posted: Fri Jun 30, 2006 8:46 am Post subject: Re: US set to boost banknote supply if flu breaks out
If you were in prison, and you were woken up every morning at 3 am to get slapped around, you'd eventually expect to get slapped tomorrow morning, and you would start to get up at 2:30 so they couldn't dump your mattress on the floor, right?
The Germs that lived next to auschqitz thought everything was fine, and the screams were from people complaining about haveing to work...
We always believe what we WANT to believe, and the people who lived around treblinka never even thought they were treating prisoners badly, and those prisoners were very lazy and needed to be taught to work instead of run banks and bring down the Germ system,
And even the "workers" when pushed into showers , men women and children thought they were going to get cleaned up, it never entered their minds they were part of a solution.
Humans are weird, they are FAR too trusting.
When the powers that be see there are too many people for the power that we have, you think they will kindly shut down their industries and share their oil with the third world countries o they can eat? Maybe they will walk arm in arm with the starving nigerians singing kumbaya, yeah, thats what they will do.
I'm sure all we have to do is trust all the leaders, I'm sure they have all the PEOPLES best interest in mind instead of their INDUSTRIES that is why they passed NAFTA (Democrats and Republicans alike) _________________ ___________________________
WHEN THE BLIND LEAD THE BLIND...GET OUT OF THE WAY!
Using evil to further good makes one evil
Doubt everything but the TRUTH
This posted information is not permissible to be used
by anyone who has ever met a lawyer
Last edited by grabby on Fri Jun 30, 2006 8:57 am; edited 1 time in total
Posted: Fri Jun 30, 2006 8:56 am Post subject: Re: US set to boost banknote supply if flu breaks out
grabby wrote:
If you were in prison, and you were woken up every morning at 3 am to get slapped around, you'd eventually expect to get slapped tomorrow morning, and you would start to get up at 2:30 so they couldn't dump your mattress on the floor, right?
The Germs that lived next to auschqitz thought everything was fine, and the screams were from people complaining about haveing to work...
We always believe what we WANT to believe, and the people who lived around treblinka never even thought they were treating prisoners badly, and those prisoners were very lazy and needed to be taught to work instead of run banks and bring down the Germ syste,,,
Humans are weird, they are FAR too trusting.
Auschwitz was in Poland, but that is besides the point. So what is your point? Are you so intellectually bankrupt that you equate printing banknotes in case their is a disruption to the banking system with extermination camps? I guess this is where I hit the stop watching this thread button. _________________ The organized state is a wonderful invention whereby everyone can live at someone else's expense.
Posted: Fri Jun 30, 2006 9:07 am Post subject: Re: US set to boost banknote supply if flu breaks out
MrBill wrote:
grabby wrote:
If you were in prison, and you were woken up every morning at 3 am to get slapped around, you'd eventually expect to get slapped tomorrow morning, and you would start to get up at 2:30 so they couldn't dump your mattress on the floor, right?
The Germs that lived next to auschqitz thought everything was fine, and the screams were from people complaining about haveing to work...
We always believe what we WANT to believe, and the people who lived around treblinka never even thought they were treating prisoners badly, and those prisoners were very lazy and needed to be taught to work instead of run banks and bring down their Germ system.
Humans are weird, they are far too trusting.
Auschwitz was in Poland, but that is besides the point. ....So what is your point? .
The point was that governments will (believe it or not) may not tell you the truth about their motives. They could take any trouble such as a bird flu/ as an excuse to inflate or deflate the money as they wish and they will tell you whatever they think you want to hear.
There is not much point except just to take an obvious example to let you think about the fact that The leaders tell the citizens something else than the true reason aka WMD, ETHANOL WILL REPLACE OIL, or whatever they think you will buy.
I just used an example I knew about personally since many citizens were tattooed then jailed and killed, jailed and persecuted by their own government my ex relatives included . And some lived in camps for months. My great aunt was gun-butted in the head to death in front of her children because she didnt walk fast enough and was too old... Stories like this make me a little gunshy as to trusting leaders. I guess I should have used the Ruskiaisky revolution or shina revolution or Kubin revolution etc add your own revolution here.
Just an example to let you know that whatever you are told, to always take it with a grain of salt. And they will inflate or deflate as they wish for any reason they wish, you can't predict it at all. And you certainly will not make a profit off of it, since you don't know the course. Also, if they suddenly want to tattoo you, or make you wear yellow stars "for a good reason" at least start worrying.
If cash is in short supply it is only because they WANT it to be in short supply. and vice versa. ask WHY? At least ask in your mind.
I'm a little gun-butt shy of NEW THINGS. Sorry. New policy probably has another reason.
The point is that all those people trusted that their government was looking out for them.
humans will always as a class trust their leaders more than they should. and the leaders are usually making policy that is best for themselves. Politics is the art of wanting the people to THINK they are doing things for the good of the people so that they can stay in charge.
This is a big step in waking up.
There was a movie in 1945 with K hepburn and Spencer Tracy called Eternal Flame about a hero who "died"
and spencer was talking to the young kid.
and he said "A long time back a war was started, someone put the idea into the peoples minds that the PEOPLE were just as GOOD as the leaders, and that started a huge war! And brought america into being"
and the kid goes "Who won that war?"
And spencer goes" That war is still being fought in america, there are people fighting to take back their positions.
Anyway, I just wrote this to let you know that you will be wrong if you predict more or less cash, you cannot know this. Its whatever they want to have happen. I guess they probably will use it as another excuse to get rid of cash so you can't stuff mattresses and be independant. _________________ ___________________________
WHEN THE BLIND LEAD THE BLIND...GET OUT OF THE WAY!
Using evil to further good makes one evil
Doubt everything but the TRUTH
This posted information is not permissible to be used
by anyone who has ever met a lawyer
Last edited by grabby on Fri Jun 30, 2006 11:07 am; edited 3 times in total
Joined: Oct 23, 2004 Posts: 5928 Location: New Jersey
Posted: Fri Jun 30, 2006 10:15 am Post subject: Re: US set to boost banknote supply if flu breaks out
The fact the Fed always has, and always will, move to inflate its way out of problems – at least since about 1939 forward.
Dealing with a possible avian pandemic with more cash is just in keeping with their normal inflationary policies.
But let me be clear, there is a chance that a very widespread pandemic could result in very great economic disruption – so great that prices in general would deflate anyway. Gold/silver is a hedge against inflation, but also a possible hedge against deflation – if other types of assets are not wanted.
Posted: Fri Jun 30, 2006 10:22 am Post subject: Re: US set to boost banknote supply if flu breaks out
As long as you are allowed to own and use gold that will work. I was alive when it was illegal to use gold or silver for transactions.
It could go that way again probably.
Gold is non-inflatable and non cheatable. That is why it is not the chosen method of payments, gotta be able to skim and replace as needed. _________________ ___________________________
WHEN THE BLIND LEAD THE BLIND...GET OUT OF THE WAY!
Using evil to further good makes one evil
Doubt everything but the TRUTH
This posted information is not permissible to be used
by anyone who has ever met a lawyer
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However, if a pandemic looked close, I would be interested in withdrwing more cash from the bank than I would normally have - so this seems to be a sensible move to cater for people like me 
