10 Reasons Why The US Dollar Is The Worst!
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10 Reasons Why The US Dollar Is The Worst!

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Amagi Metals decided to stop accepting the US Dollar after 2016…here’s just a small list why.

Amagi Metals decided to stop accepting the US Dollar after 2016…here’s just a small list why.

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10 Reasons Why The US Dollar Is The Worst! 10 Reasons Why The US Dollar Is The Worst! Document Transcript

  • 10 Reasons Why The US Dollar Is The Worst! By buzzfeed.com Aug. 21, 2014 Amagi Metals decided to stop accepting the US Dollar after 2016…here’s just a small list why. 1. The dollar is used to perpetuate war. encrypted-tbn2.gstatic.com War is a very profitable motive and has given government insane amounts of power and killed and injured many. The only way government can pay for war is through printing money, because taxation isn’t popular…nor do countries want to lend money for such acts. This only leaves one option: print more dollars. If you read more about the beginning of the Federal Reserve you will notice that it, and the 2 failed attempts of central banking prior, was a way to fund war. 2. The dollar is used to perpetuate the welfare state. encrypted-tbn0.gstatic.com Let’s forget welfare in the sense of food stamps and those in need, but think of the corporate welfare that is handed out every year to businesses that are “too big to fail”. The only way these businesses are staying afloat is the large sums of Dollars printed on a whim to keep the companies - and their government counterparts, making money. Without the infinitely printed dollar, money wouldn’t be so readily available to these unethical business
  • practices. Faulty businesses would have to change their practices to survive or move out of the way for a business that could. But back to those in need…printing more Dollars devalues the Dollar, thus leaving people with less wealth. Printing money is like robbing people - thus they call inflation “the hidden tax”. 3. The dollar is backed by a coercive (violent) monopoly. wordpress.com Some people don’t like this being pointed out, but the government runs our financial system with the help of its pseudo counterpart, the Federal Reserve. The only reason why people use this currency is because creating another can be punishable by jail…even if the “other” currency actually has value. Even not paying your taxes is punishable by jail. If you refuse to go to jail, an armed government employee will most likely use force or a gun to get you to pay. It’s a sad reality…and just one other reason why the dollar will fail.
  • 4. The dollar isn’t backed by gold, silver, or any other finite resource. When competition like precious metals, Bitcoin and other cryptocurrencies present themselves on a major scale, the dollar will have no chance of survival. daylol.com The dollar was taken off the Gold Standard in 1971, thus losing any sort of backing to support its existence. Gold and silver have been used throughout history as money…and now Bitcoin and other cryptocurrencies have entered the currency marketplace. One thing they all have in common: finite amounts in existence. It’s an Epic FAIL waiting to happen. 5. The dollar has lost 98% of its value since 1913. cdn2.vox-cdn.com Do you know what else happened in 1913? The Federal Reserve Act was signed, creating the 3rd central bank in the United States whose responsibility is to print money in order to control interest rates
  • and unemployment. 6. The dollar does not meet the demands of a fast paced, global economy. i814.photobucket.com Unlike this Grandma - who would love to stick to using her personal checks that take weeks to clear and dollars - my Grandma has a smartphone, posts pictures on Facebook, and some people just don’t give enough credit to older generations. Sure they did things without technology, but many are adapting quickly to the changes…Younger generations on the other hand, don’t know how to balance a check book and only know how to use debit cards and online banking. This is the future!
  • 7. Paper money is the dirtiest thing we touch on a daily basis, which reduces our life expectancy. currentweek.com Just think of all those places that dollar has been… I also read that something like, on average, 3 different types of germs are found on a single dollar. Gross! 8. The dollar can be counterfeited.
  • blog.mlive.com Sure, silver and gold can be counterfeited too. However, if you buy from reputable dealers you shouldn’t have a problem with that. Bitcoin on the other hand can not be counterfeited. Learn more on Bitcoin here: http://business.time.com/2013/04/12/the-real-significance-of-the-bitcoin-boom-and-bust/ 9. The dollar creates perverse incentives that discourage financial responsibility (ie: easy credit). nunomad.com The FDIC, banks, credit card companies all have a safety net through the Dollar’s infinite supply. The same behavior that we discussed above with moral hazard and bad businesses having safety nets has trickled down into the individual’s fiscal life. People are spending more than they have and doing so
  • with easy credit through Fed-protected credit card companies. 10. The dollar is controlled by a small minority of individuals, making those individuals the most powerful people in the world, opening the opportunity for moral hazard, and allowing them the potential to harm millions of people by making mistakes. s3.amazonaws.com There is only one Federal Reserve Chairwoman and 12 Federal Reserve Branches with Presidents. That’s 13 people that control and have the last say over the printing of the US Dollar. Then there’s the US government that has one President who has the power to write executive orders and veto laws… power corrupts.
  • Dollar Demand Falls Against Other Currencies by REUTERS | AUGUST 22, 2014 The dollar rose to its highest in more than 11 months against a basket of currencies on Friday after Federal Reserve Chair Janet Yellen came out more balanced than expected on her views about the U.S. economy and monetary policy in remarks to central bankers. The speech by Yellen, a policy 'dove', to an annual gathering of central bankers in Jackson Hole, Wyoming, cited persistent labor market slack but noted faster recovery in the sector could accelerate the timing of a Fed interest rate hike. The greenback climbed to an 11-month high against the euro and a more than four-month peak above 104 yen following Yellen's speech. Yellen acknowledged slack in the U.S. jobs market as she called for a "pragmatic" approach to monetary policy to allow officials room to evaluate data without committing to a pre-determined rate path. But at the same time, she said that if the labor market recovered more quickly than anticipated, the Fed may have to raise rates sooner and faster than expected. "If progress in the labor market continues to be more rapid than anticipated by the Committee or if inflation moves up more rapidly than anticipated, resulting in faster convergence toward our dual objectives, then increases in the federal funds rate target could come sooner than the Committee currently expects and could be more rapid thereafter," Yellen said. Higher interest rates tend to boost the allure of the dollar as they raise the yield on some U.S. assets. "It was very evident that the Fed’s dovish tone is starting to wane," said Christopher Vecchio, currency analyst at FXCM-owned DailyFX.com. "The vague yet important notation made by Yellen was that interest rate hikes could be coming sooner than market participants currently expect, especially if the labor market begins to progress faster. Overall, this provoked an updraft in ... the dollar." The dollar index rose to 82.456, its highest since September 2013. It was last up 0.2 percent at 82.315.
  • The greenback advanced as high as 104.18 yen, its highest since early April, and was last up 0.1 percent at 103.90. The euro, meanwhile, stayed weak against the dollar after European Central Bank President Mario Draghi told the Jackson Hole gathering that the bank is ready to adjust monetary policy further to alleviate a sluggish euro zone economy. [ID:nL5N0QS1KL] The euro zone common currency, which had plunged earlier in the session to $1.3221 against the dollar, its lowest in 11 months, last traded at $1.3246, down 0.3 percent. For Joe Manimbo, senior market analyst at Western Union Business Solutions, Yellen seemed less concerned about low wage growth. "Low wages are seen as an obstacle to an early Fed rate hike so any less concern on that front would be supportive of the rate debate," Manimbo said. Average Price Of Ground Beef Hits All-Time High by ALI MEYER | CNS NEWS | AUGUST 19, 2014 The average price for all types of ground beef per pound hit its all-time high -- $3.884 per pound -- in the United States in July, according to data released today by the Bureau of Labor Statistics (BLS). That was up from $3.880 per pound in June. A year ago, in July 2013, the average price for a pound of ground beef was $3.459 per pound. Since then, the average price for a pound of ground beef has gone up 42.1 cents--or about 12 percent. Five years ago, in July 2009, the average price for a pound of ground beef was $2.147, according to the BLS. In those five years, the average price has climbed by $1.737 per pound--or almost 81 percent. Along with the average price data, the BLS calculates a consumer price index, which is a “tool that simplifies the measurement of movements in a numerical series,” explains BLS. “An index for 110, for example, means there has been a 10-percent increase in price since the reference period.”
  • The consumer price index for seasonally adjusted uncooked ground beef was 270.724 in July, which is down slightly from the all-time high of 271.726 in the previous month of June. When BLS began tracking this index in January of 1947, the index stood at 26.5. The CPI is simply the average change over time in prices paid by consumers for a market basket of goods and services. The seasonally-adjusted price index for meats, poultry, fish, and eggs also hit an all-time high in July, according to BLS. In January 1967, when the BLS started tracking this measure, the index for meats, poultry, fish, and eggs was 38.1. As of last July, it was 236.147. By this January, it hit 240.006. By June, it hit 253.318. And, in July, it climbed to a record 254.174. “The food index rose 0.4 percent in July, its fifth increase at least that large in the last 6 months,” states the BLS. “The index for meats, poultry, fish, and eggs has increased 7.6 percent over the [last 12 months] and the index for dairy and related products has risen 4.3 percent.” INFOWARS.COM BECAUSE THERE'S A WAR ON FOR YOUR MIND