Americas Silver Corp fka USAPF

[Montanore]

In the long term I'm certain precious metals will prevail--especially silver. In the short term I think you may be right about the stronger dollar. Despite low rates and massive QEs (and now probably a secret QE to bail out Europe), the dollar is strengthening due to deflation. The Fed has been acting like they have a giant fire hose and from that hose they're blasting a massive amount of dollars into the economy. Only it's really not going to the economy. It's going into the pockets of elite bankers. And they're using that free money to continue their derivative gambling.

The thing is, that money is not just willy-nilly printing. It's DEBT money that must be paid back with interest. Worse, the banks have been abusing their already absurd fractional reserve system. I've read that some of the big banks are leveraged not 10 or 20-to-1, but 50-to-1! Now...when it becomes impossible to pay that back, then that leverage backfires. Instead of a fire hose, it goes into reverse and becomes a gigantic vacuum cleaner sucking back bucks into a black hole. Countries have to raise taxes, cut benefits and create 'austerity' to pay back the banks who got to create it out of thin air. Clearly, it is an impossible task. If someone has exclusive access to a printing press and they require YOU to pay it back with interest, there are only three options:

1. Keep going deeper and deeper into debt and kick the can down the road. (Happening now). This can't last forever and the result will be loss of sovereignty and a banker takeover and buyout of each country for pennies on the dollar. Essentially, it's a return to a medieval serfdom with the bankers as lords. A few kingly bankers own and control everything.

2. Refuse to pay the bankers back and, even better, arrest the bankers and throw them in prison. This is what Iceland threatened to do and in my opinion everyone should follow their example. End the Federal Reserve, throw Corzine and the banksters in jail. Return to a gold standard if possible. LET THE BANKS FAIL. Sure, it will be painful, but a restart of the system is better than option number 1.

3. Let the people benefit from their OWN printing press. Pay the bankers back with that money. Then end the Fed and fractional reserve banking. Return to a system Lincoln initiated--non-debt paper fiat called greenbacks. The amount of printing would be commensurate with the GNP. It harkens back to the tally stick system used by England centuries ago. (Ellen Brown's site explains this). Somehow keep the press from being abused by Congress and re-regulate the banks to keep them from gambling with depositor's money.