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Posted by Jaci on 11/15/2009 1:27:20 AM
The Daily Bell has done it again ...You have touched the innermost thoughts of many Americans today. The interview with Mr. Holland was to the point. His honest, open description of what is happening in the US is true. Thank you Daily Bell for the information in regards to investing in Switzerland. That is appreciated.
With the fall of nations around us in the Northern Hemisphere what makes Switzerland immune to One World Order take over? Just curious? Also,I am very fond of Switzerland's Gun Control ...
thanks for your enthusiasm, and good journalism.
Reply from the Daily Bell:
Thanks. Switzerland is a republic with diffused political power flowing up from its cantons. This was a setup similar to America's before the War Between the States centralized power in Washington.
Posted by Acudoc on 11/15/2009 2:16:44 AM
The most amazing thing about debt in the modern world is its fraudulent nature. I don't see the topic ever addressed from this standpoint.
In an honest system party A would borrow saved capital from party B. Both would offer something in consideration. Party A signs a promissory note and pledges collateral, while Party B offers savings that have actually been accumulated through effort expended in the past.
In today's world the so-called "lender" offers only bookkeeping services in exchange, as the money is created ex nihilo when the borrower signs a promissory note. There is really no contract here because in contract law comparable consideration must be given by both parties-at least that is my understanding.
In general, this type of debt is wreaking havoc worldwide. So my question is this: theoretically, couldn't we agree to forgive all existing debt across the board that has originated in this fraudulent manner, starting tomorrow, but allow all the holders of the notes (individuals as well as businesses, factories,and governments)- whatever the type of note that has been created in fraudulent fashion-to be credited the nominal value of the note in their deposit accounts as compensation? From that point forward fix the money supply and prohibit fractional reserve banking.
Lending then proceeds anew but only from existing stocks of money. Everybody wins: productive assets are unencumbered and the capitalists still get to lend their money anew. What's wrong with this idea, other than it requires men of good will everywhere?
Reply from the Daily Bell:
An interesting proposal. The Bell, however, is not anti fractional reserve banking, so long as the practice originates in the private market and is sustained, if it can be, without coercion or fraud.
Posted by Henk-2 on 11/15/2009 2:30:15 AM
Born in a Depression. Five years of war. And now the Internet is going to spare me a repetition? If I live that long. Or, if I WANT to live trough all that again. I could do without the excitement.
Reply from the Daily Bell:
So could we all.
Posted by Victor Heddins on 11/15/2009 5:18:19 AM
Very good article. Thanks ...
Reply from the Daily Bell:
Thanks for the feedback.
Posted by Gul on 11/15/2009 9:27:23 AM
As long as the populace is kept "Dumbed Down" by the Fifth Column (disguised as a Fourth Estate Free Media), and as long as the Policies are controlled by Rep-r-o-crats (Politicians of all flavor) and as long a people are led like sheep by Acronyms (AFL-CIO, UAW, IBEW, AARP, AMA, etc) ...
NO CHANCE OF ANY CHANGE IN AMERICA
Reply from the Daily Bell:
Thanks for the feedback. Sorry you feel that way.
Posted by Ralf Meister on 11/15/2009 9:37:33 AM
I can sympathize with Ron's reentry to the US from my own experience. I don't quite agree with Scott's assertion that the free market will prevail, because the Bible tells us of the coming one world government in a rather tyrannical form. The Bible has always been right in prophesying the future. Just look at modern day Israel prophesied well over 2000 years ago.
Reply from the Daily Bell:
Can't prophesy be interpreted numerous ways?
Posted by Ralf Meister on 11/15/2009 4:22:50 PM
Does another way of interpretation change God's doing?
Reply from the Daily Bell:
No, sir. Only our understanding of what is possible within the ambit of His will.
Posted by W. Cox on 11/15/2009 9:37:37 PM
Thanks for a good interview and an excellent follow up. When you say the invisible hand of the market place it brings to mind the term "enlightened self interest". It is this that must become the guide and it is accountability that will make it so. Agree with you that the Internet could be the means to getting an informed and active electorate and hope there will be sufficient time for that to come about.
Reply from the Daily Bell:
Thanks for the alternative description. Very helpful. As far as the Internet is concerned, that time has passed, in our opinion. The education has already taken place, the information already shared. The ramifications are what careful observers will want to watch for now. We will continue to do so.
Posted by Floyd on 11/16/2009 7:51:04 AM
Good article! Thank god for the Internet. I recently wrote a letter to the editor of our local newspaper. In it I mentioned that Ron Paul may be the one to put this nation back on track. the letter was e-mailed and are usually published within 2-3 days. It's been 8-9 days and has not been published. What's your take?
Reply from the Daily Bell:
They lost it?
Posted by David Schafranka on 11/16/2009 11:56:42 PM
On the subject of a two party system the thought occurred that Sarah Palin might be the 'Teddy Roosevelt candidate' to pull votes away from a good 'Ron Paul candidate' the next time around.
Reply from the Daily Bell:
Good point. Democracy can be manipulated almost endlessly it seems.
Posted by Sandi Lieder on 11/17/2009 1:35:29 PM
After reading this article I think I would like to do something with my mutual fund IRAs with Fidelity (my entire retirement savings-already retired) to protect my future. Would moving to a Gold IRA with Fidelity be safe?
Reply from the Daily Bell:
We will not give you any specific advice. But physical gold has certainly gone up and many, including those at the Daily Bell, believe it will continue to do so. (Though nothing travels in a straight line.) Silver is the other money metal that may continue to appreciate Good luck.
Posted by IRA on 11/19/2009 4:48:46 PM
I found your interview most informative because it put into words the feeling I have in my gut how the US has been heading. Of interest to me and possibly many who read this interview is the answer to the following question.
If one has an IRA, is there a legal way to move it as an IRA, so it can not be confiscated by the US government? I ask this question because I truly believe that the US government will be so desperate for money that they will roll IRA's into Social Security or force it to be invested in Treasuries under the pretense of protecting us.
You can publish my response, but please leave off my name & e-mail.
Reply from the Daily Bell:
IRAs may have varying covenants. The best thing to do is to check with the administrator and see if the funds can be moved offshore. Good luck.
Posted by Gul on 11/21/2009 8:55:34 AM
How does an average retired American citizen help his own economic situation?
Reply from the Daily Bell:
Buying gold and silver? Maybe the physical especially and storing it close at hand.
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