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Don Swenson, from Kingdom Economics discusses the evolution of capitalism and the proposed one-world currency

ker
February 28, 2011

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Discussion
15 Comments
    Feb 28, 2011 28:49 PM

    Capitalism – no wealth-redistribution
    Communism – wealth-redistribution
    What do we have in the US?
    Do we have class warfare distracting us from changing to a non-parasitic monetary policy?

    Feb 28, 2011 28:15 PM

    If the same Power Elite control the currency in every country of the planet, doesn’t that make it a global currency already?
    Why does anyone have a psychological tie to thinking gold is magic? Does it dig itself out of the ground? If you form it into a hammer, can you build a magic house with it?

    Har
    Feb 28, 2011 28:32 PM

    When the black box outfits (JPM/GS) have perfect trading quarters, quarter after quarter – the casino is rigged.

    JPMorgan Has Four Perfect Trading Quarters in 2010
    Goldman’s records another perfect trading quarter

    Feb 28, 2011 28:45 PM

    Interesting piece Al. What have we come to? Where are the gatekeepers? They had all fled. It’s a free for all, and the average citizen is getting sucked dry by the zombie banks. Their losses are covered through the public and their profits are privatized. Markets are rigged and everything has been skewed in such a way that the banksters win. How will this all end?

    Feb 28, 2011 28:46 PM

    save your own familys . local control . do you know how to kill and clean and cook your own chicken ?? I do.

    Dan
    Mar 01, 2011 01:58 AM

    Gentlemen,
    Appreciate everyone’s good thoughts and perspectives. Many of my friends, who don’t want to believe what I tell them regarding the horrible economic and financial mess we’re in, think I’m a little wierd because I am doing things very different from them. Their confidence is in the stock market and the traditional “savings vehicles”, ie. 401ks, Deferred Comp. plans, pensions, etc… I am diversified, but heavily weighted in the commodities; pms, energy, oil/gas, cash and agriculture. My bank asked me recently, “just out of curiosity”, why I only keep a minimal balance with them. I told her, “that is so when the banks take an extended “holiday”, I won’t be caught up in the chaos with the poor, ignorant, deceived, “sheeple” trying hopelessly to get their’s out. She just looked at me, but had nothing to say. Hilarious!

    Mar 01, 2011 01:10 AM

    Always great to have Don on the Show.

    I highly recommend that you all read a book entitled The Big Short by Michael Lewis.

    It is more than “just interesting”

    Best,

    Big Al

    Don
    Mar 01, 2011 01:36 PM

    Subjective ‘money’ is a major part of our problem. How many are aware of the nature of our monetary unit (the dollar)? Can subjective ‘money’ provide any stability or create any lasting confidence for Capitalism going forward?

      Mar 01, 2011 01:40 PM

      Are you another gold bug? I have confidence we’re going to have a capitalist revolution.

        Don
        Mar 05, 2011 05:01 PM

        Eric: See my comment below re: money and your question re: gold bug.

    Mar 01, 2011 01:11 PM

    I have a great way to save money: nickels. As Gary Gibson points out (http://www.lewrockwell.com/orig12/gibson-g1.1.1.html )

    “Every single circulating nickel still has 3.75 grams worth of copper each…along with 1.25 grams of nickel. Copper is currently about $4.46/lb. Nickel is currently about $12.97/lb. So if you do the math, each nickel is worth about 7.3 cents.”

    Also check out http://www.coinflation.com

    Don
    Mar 05, 2011 05:59 PM

    Eric: All historical ‘money’ has been some thing from nature. If we started over today with new money, what would you suggest as our monetary unit? I am not, personally, a gold bug or any type of bug…but I have studied the history of ‘money’ and it has always been some thing from nature. What is your view?