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	<title>Comments on: The Difference a Printing Press Makes, Part 2</title>
	<atom:link href="http://dollarcollapse.com/articles/the-difference-a-printing-press-makes-part-2/feed/" rel="self" type="application/rss+xml" />
	<link>http://dollarcollapse.com/articles/the-difference-a-printing-press-makes-part-2/</link>
	<description>Your Ringside Seat for the Global Financial Crisis</description>
	<lastBuildDate>Sat, 04 Feb 2012 01:11:25 +0000</lastBuildDate>
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		<title>By: Brad Thrasher</title>
		<link>http://dollarcollapse.com/articles/the-difference-a-printing-press-makes-part-2/#comment-321</link>
		<dc:creator>Brad Thrasher</dc:creator>
		<pubDate>Sat, 13 Mar 2010 21:32:23 +0000</pubDate>
		<guid isPermaLink="false">http://dollarcollapse.com/?p=884#comment-321</guid>
		<description>Great points cl 17 except for one thing. The civil unrest that results from the collapse will affect us all. Do we have the resources to quell the riots and looting while fighting two wars?

People won&#039;t be trading guns for butter. They&#039;ll use those guns to take our butter.</description>
		<content:encoded><![CDATA[<p>Great points cl 17 except for one thing. The civil unrest that results from the collapse will affect us all. Do we have the resources to quell the riots and looting while fighting two wars?</p>
<p>People won&#8217;t be trading guns for butter. They&#8217;ll use those guns to take our butter.</p>
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		<title>By: cl 17</title>
		<link>http://dollarcollapse.com/articles/the-difference-a-printing-press-makes-part-2/#comment-320</link>
		<dc:creator>cl 17</dc:creator>
		<pubDate>Sat, 13 Mar 2010 14:56:13 +0000</pubDate>
		<guid isPermaLink="false">http://dollarcollapse.com/?p=884#comment-320</guid>
		<description>its not the end of the world.  people without debts will be able to adjust to lower incomes as wage differentials across the globe normalize.

eventually, people with big debts - who cannot manage the transition - will find tax relief - and probably debt relieve. a government that goes around putting ankle weights on drowning swimmers wont last.

once asset prices have collapsed, the public sector can re-build and re-engineer the economy around the current financial industry. same with bloated, corrupt, wasteful government. once things get bad enough, a true reform effort can begin. we are not there yet.

the parasites will be removed.  the doomers are wrong. paper assets will probably get wiped out - but real assets, and the notion of private property - will not. there IS a future for the USA.

look to a resurgent economy based upon technology, engineering, and light manufacturing. look for improvements in agricultural technology and energy production and water purification and recycling. if you can figure out constructive ways to utilize nat gas, you&#039;re in business.

the big cities on the coasts are probably in serious trouble. detroit is a bad omen. now that the FIRE economy has collapsed along with the &#039;legacy industries&#039; it was supporting, it will be extremely difficult to generate and maintain &quot;service sector&quot; jobs that big urban centers rely upon for tax revenue.

really, the only people in serious trouble are those who 1) have big debts; 2) live in big cities; 3) live in high tax states unlikely to embrace radical tax and debt relief.

yes - those people are fukt.  but everyone is is going to be okay.

God bless</description>
		<content:encoded><![CDATA[<p>its not the end of the world.  people without debts will be able to adjust to lower incomes as wage differentials across the globe normalize.</p>
<p>eventually, people with big debts &#8211; who cannot manage the transition &#8211; will find tax relief &#8211; and probably debt relieve. a government that goes around putting ankle weights on drowning swimmers wont last.</p>
<p>once asset prices have collapsed, the public sector can re-build and re-engineer the economy around the current financial industry. same with bloated, corrupt, wasteful government. once things get bad enough, a true reform effort can begin. we are not there yet.</p>
<p>the parasites will be removed.  the doomers are wrong. paper assets will probably get wiped out &#8211; but real assets, and the notion of private property &#8211; will not. there IS a future for the USA.</p>
<p>look to a resurgent economy based upon technology, engineering, and light manufacturing. look for improvements in agricultural technology and energy production and water purification and recycling. if you can figure out constructive ways to utilize nat gas, you&#8217;re in business.</p>
<p>the big cities on the coasts are probably in serious trouble. detroit is a bad omen. now that the FIRE economy has collapsed along with the &#8216;legacy industries&#8217; it was supporting, it will be extremely difficult to generate and maintain &#8220;service sector&#8221; jobs that big urban centers rely upon for tax revenue.</p>
<p>really, the only people in serious trouble are those who 1) have big debts; 2) live in big cities; 3) live in high tax states unlikely to embrace radical tax and debt relief.</p>
<p>yes &#8211; those people are fukt.  but everyone is is going to be okay.</p>
<p>God bless</p>
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		<title>By: newfy777</title>
		<link>http://dollarcollapse.com/articles/the-difference-a-printing-press-makes-part-2/#comment-319</link>
		<dc:creator>newfy777</dc:creator>
		<pubDate>Fri, 12 Mar 2010 12:01:54 +0000</pubDate>
		<guid isPermaLink="false">http://dollarcollapse.com/?p=884#comment-319</guid>
		<description>CAMPAIGN FOR STATE RUN BANKS

banks run and owned by we the people
not private for profit banksters and we the people can keep the money gained from our labor

&quot;the process of the creation of money is so simple it repels the mind&quot; - John Kenneth Galbraith

do you believe&quot; we the people&quot; can handle such a &quot;difficult&quot; task as making our own paper money? I believe we can..if we don&#039;t shut down the private,unconstitutional PRIVATE federal reserve corporation,we can kiss the America we once knew goodbye.
.
&quot;the private federal reserve is a private institution that is above the law and accountable to no one&quot; - Sir Alan Greenspan on PBS

“if the American people ever allow private banksters to control and issue their currency, the people and their children will one day wake up homeless on the continent their forefathers conquered” – Thomas Jefferson”….
the power to issue and control the currency/money, must be given back to the people to which it rightly belongs” – Thomas Jefferson….
“private central banksters controlling the peoples money are more dangerous to liberty and freedom than standing armies” – Thomas Jefferson….

its time to END THE FED and big government for good..Ron Paul’s bill HR 1207 to audit the fed,will sadly do nothing,as the federal reserve lawyers will cook the books and make everything look just dandy..an audit of the fed is sadly a waste of time ..the fed must be ABOLISHED..period
and it can be done w/o nary a bill to get rid of it..
with a new,honest,debt free,interest free, STATE banking money system, similar to Abe Lincoln’s greenbacks issued in 1862,and JFK’s silver certificates issued in 1963,the fed will die on its own accord..
STATE run banks ARE the solution..
a new interest free,debt free paper currency issued in each of the 50 states backed by silver..[the banksters own nearly 96% of the worlds gold that they stole from the U.S. and the rest of the world with money they made from thin air on computers and printing presses.. if we went back to a gold backed currency/money,the banksters would quickly take back control of the money system.IMO.so NO GOLD BACKED MONEY]
..we had our money backed by gold in 1929 and the 1930’s..did it stop the great depression? NO! [ although gold would still retain a value 16-20 times greater than silver per the constitution]
each individual state would make their own $1,$5,$10,$20,$50,and $100 paper notes backed by silver[ex: $20 Texas silver note..under that &quot;payable to the bearer on demand $20 in silver [when presented at any state bank,you would receive either $20 worth of 90% silver coin, 20-.999 silver dollars,4 - 5 oz. .999 silver bars,or 2 -10 oz, .999 silver bars],and all 50 state paper notes would be accepted in every state and abroad..having 50 different notes for the 50 sovereign states would make it extremely difficult for the banksters to take back control of the U.S. money system again.. a dollar would be 31.1 grams of silver[ONE OUNCE] as per the constitution..change for the new paper notes would be pre-1965 90% silver again[only 90% silver with 10% copper is hard enough to take the day to day pounding/ movement/exchanging and hold up],and 100% copper again for pennies..a state run honest money/banking system with interest free loans run by the people.. for the people.. there would be only a small administrative fee/ cost, to borrow money to pay state bank employees and mgrs. etc. EX: you[or a small business starting up lets say ]were to borrow $205,000 for a $200,000 house/loan,you would pay back $205,000[2.5 % charge to borrow money] over the next 5,10,or 15 years[ditto credit cards],instead of the present parasitic fractional reserve “debt money system” where you would buy a $200,000 house[or a $200,000 loan] and because of compounding interest, you would pay the private parasitic fractional reserve banksters nearly $1,000,000 over 30,40 or even 50 years for that original $200,000 loan that was lent money made from thin air..nothing in the first place..they didn’t actually “loan” you a dime..THIS IS ABSOLUTE,UNADULTERATED INSANITY..
paying the banksters for money made from nothing..it just blows you away when you think about it..its difficult to wrap your mind around
I still can not get my family to understand that credit card money is “created” when the card is swiped..no money is “lent” to you by a bank or anyone else..
the money you send in for your credit card payment is pure profit[minus the cost of doing business of course] because no money was ever lent to you.. not a red cent was “loaned” to you
the private non-federal reserve is simply the greatest scam,fraud, and deception in the history of the world..bar none ..
IS IT ANY system WONDER MANY OF US ARE DEAD BROKE AND BURIED SO DEEP IN COMPOUNDING DEBT WE WILL NEVER GET OUT IN A LIFETIME??
and an astounding 60% of Americans are now living paycheck to paycheck and 43% of Americans have less than $10,000 in savings....
this isn’t living..this is [debt] slavery and many don’t even realize they are lifetime debt slaves of the banksters…state controlled banks with “honest” money, will bring back manufacturing and real,good paying stable jobs…not the cash for clunkers and the proposed cash for caulkers nonsense that the head buffoon is proposing…
a nation that is prosperous MUST produce goods!
and products that the world wants and needs!
3rd world countries are countries that don’t produce goods..
sooooooo
the U.S.A.. IS in fact by definition a 3rd world country!
a petition page will soon be up at WEB OF DEBT.COM
where you can sign it and DEMAND your state
implement state run banks [unless you live in N.Dakota that already has state banks/banking]
..BANKS AND “OUR” MONEY CONTROLLED BY WE THE PEOPLE..
talk about PROSPARITY RETURNING TO AMERICA..the federal government&#039;s  enviromental and other draconian rules and regulations,and letting a private for profit corporation control America&#039;s money supply are strangling small creative business to death[by design]
imagine paying $500-$1,000 for a new car again..
of course a new state bank silver dollar will have the purchasing power of a 1913 dollar..but we can start all over again as a nation,
bring ALL the troops home from abroad ,and have them protect OUR BORDERS!..NOT N. and S. Korea’s!..
with 50 new sovereign state banks this country can be turned around in days..
not months or years, but DAYS..</description>
		<content:encoded><![CDATA[<p>CAMPAIGN FOR STATE RUN BANKS</p>
<p>banks run and owned by we the people<br />
not private for profit banksters and we the people can keep the money gained from our labor</p>
<p>&#8220;the process of the creation of money is so simple it repels the mind&#8221; &#8211; John Kenneth Galbraith</p>
<p>do you believe&#8221; we the people&#8221; can handle such a &#8220;difficult&#8221; task as making our own paper money? I believe we can..if we don&#8217;t shut down the private,unconstitutional PRIVATE federal reserve corporation,we can kiss the America we once knew goodbye.<br />
.<br />
&#8220;the private federal reserve is a private institution that is above the law and accountable to no one&#8221; &#8211; Sir Alan Greenspan on PBS</p>
<p>“if the American people ever allow private banksters to control and issue their currency, the people and their children will one day wake up homeless on the continent their forefathers conquered” – Thomas Jefferson”….<br />
the power to issue and control the currency/money, must be given back to the people to which it rightly belongs” – Thomas Jefferson….<br />
“private central banksters controlling the peoples money are more dangerous to liberty and freedom than standing armies” – Thomas Jefferson….</p>
<p>its time to END THE FED and big government for good..Ron Paul’s bill HR 1207 to audit the fed,will sadly do nothing,as the federal reserve lawyers will cook the books and make everything look just dandy..an audit of the fed is sadly a waste of time ..the fed must be ABOLISHED..period<br />
and it can be done w/o nary a bill to get rid of it..<br />
with a new,honest,debt free,interest free, STATE banking money system, similar to Abe Lincoln’s greenbacks issued in 1862,and JFK’s silver certificates issued in 1963,the fed will die on its own accord..<br />
STATE run banks ARE the solution..<br />
a new interest free,debt free paper currency issued in each of the 50 states backed by silver..[the banksters own nearly 96% of the worlds gold that they stole from the U.S. and the rest of the world with money they made from thin air on computers and printing presses.. if we went back to a gold backed currency/money,the banksters would quickly take back control of the money system.IMO.so NO GOLD BACKED MONEY]<br />
..we had our money backed by gold in 1929 and the 1930’s..did it stop the great depression? NO! [ although gold would still retain a value 16-20 times greater than silver per the constitution]<br />
each individual state would make their own $1,$5,$10,$20,$50,and $100 paper notes backed by silver[ex: $20 Texas silver note..under that "payable to the bearer on demand $20 in silver [when presented at any state bank,you would receive either $20 worth of 90% silver coin, 20-.999 silver dollars,4 - 5 oz. .999 silver bars,or 2 -10 oz, .999 silver bars],and all 50 state paper notes would be accepted in every state and abroad..having 50 different notes for the 50 sovereign states would make it extremely difficult for the banksters to take back control of the U.S. money system again.. a dollar would be 31.1 grams of silver[ONE OUNCE] as per the constitution..change for the new paper notes would be pre-1965 90% silver again[only 90% silver with 10% copper is hard enough to take the day to day pounding/ movement/exchanging and hold up],and 100% copper again for pennies..a state run honest money/banking system with interest free loans run by the people.. for the people.. there would be only a small administrative fee/ cost, to borrow money to pay state bank employees and mgrs. etc. EX: you[or a small business starting up lets say ]were to borrow $205,000 for a $200,000 house/loan,you would pay back $205,000[2.5 % charge to borrow money] over the next 5,10,or 15 years[ditto credit cards],instead of the present parasitic fractional reserve “debt money system” where you would buy a $200,000 house[or a $200,000 loan] and because of compounding interest, you would pay the private parasitic fractional reserve banksters nearly $1,000,000 over 30,40 or even 50 years for that original $200,000 loan that was lent money made from thin air..nothing in the first place..they didn’t actually “loan” you a dime..THIS IS ABSOLUTE,UNADULTERATED INSANITY..<br />
paying the banksters for money made from nothing..it just blows you away when you think about it..its difficult to wrap your mind around<br />
I still can not get my family to understand that credit card money is “created” when the card is swiped..no money is “lent” to you by a bank or anyone else..<br />
the money you send in for your credit card payment is pure profit[minus the cost of doing business of course] because no money was ever lent to you.. not a red cent was “loaned” to you<br />
the private non-federal reserve is simply the greatest scam,fraud, and deception in the history of the world..bar none ..<br />
IS IT ANY system WONDER MANY OF US ARE DEAD BROKE AND BURIED SO DEEP IN COMPOUNDING DEBT WE WILL NEVER GET OUT IN A LIFETIME??<br />
and an astounding 60% of Americans are now living paycheck to paycheck and 43% of Americans have less than $10,000 in savings&#8230;.<br />
this isn’t living..this is [debt] slavery and many don’t even realize they are lifetime debt slaves of the banksters…state controlled banks with “honest” money, will bring back manufacturing and real,good paying stable jobs…not the cash for clunkers and the proposed cash for caulkers nonsense that the head buffoon is proposing…<br />
a nation that is prosperous MUST produce goods!<br />
and products that the world wants and needs!<br />
3rd world countries are countries that don’t produce goods..<br />
sooooooo<br />
the U.S.A.. IS in fact by definition a 3rd world country!<br />
a petition page will soon be up at WEB OF DEBT.COM<br />
where you can sign it and DEMAND your state<br />
implement state run banks [unless you live in N.Dakota that already has state banks/banking]<br />
..BANKS AND “OUR” MONEY CONTROLLED BY WE THE PEOPLE..<br />
talk about PROSPARITY RETURNING TO AMERICA..the federal government&#8217;s  enviromental and other draconian rules and regulations,and letting a private for profit corporation control America&#8217;s money supply are strangling small creative business to death[by design]<br />
imagine paying $500-$1,000 for a new car again..<br />
of course a new state bank silver dollar will have the purchasing power of a 1913 dollar..but we can start all over again as a nation,<br />
bring ALL the troops home from abroad ,and have them protect OUR BORDERS!..NOT N. and S. Korea’s!..<br />
with 50 new sovereign state banks this country can be turned around in days..<br />
not months or years, but DAYS..</p>
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		<title>By: Bruce C.</title>
		<link>http://dollarcollapse.com/articles/the-difference-a-printing-press-makes-part-2/#comment-318</link>
		<dc:creator>Bruce C.</dc:creator>
		<pubDate>Fri, 12 Mar 2010 05:35:05 +0000</pubDate>
		<guid isPermaLink="false">http://dollarcollapse.com/?p=884#comment-318</guid>
		<description>My father was a stock broker and my godfather&#039;s son was a Wall Street stock analyst, and for as long as I can remember, during every Presidential campaign, they would tell me that the central issue was always how the latest government entitlements that people wanted were to be paid for - by raising taxes or borrowing. I was also told that the pension programs of the large corporations were unsustainable - and I remember that General Motors was cited as a particular example. They didn&#039;t know how such things would play out, and they lamented that economic and political problems seemed to be addressed only when they reached crisis proportions. That was over 40 years ago (they died when I was 11). So, I&#039;ve been prepared or conditioned for the situations described here for a long time. What&#039;s been the most surprising and confounding to me, however, is how long it has gone on for. I remember giving a show-and-tell presentation to my class in 1970, which was called &quot;the trillion dollar year&quot; because the country had finally accumulated that much debt. I thought it was cool that a stack of one trillion dollar bills would be higher than the Empire State Building. That was considered to be a lot of money then, and there was a vague sense of foreboding about it, and yet it also felt like it represented the country&#039;s wealth - that it was somehow a positive thing. I remember palpably feeling the cathartic applause from the audience at a Frank Sinatra concert in 1974 when he alluded to the economic conditions at that time and said &quot;... but we&#039;ll get through it, we&#039;re that strong.&quot; People, in general, who are fortunate enough to do what they love and prosper are naturally optimistic, generous, charitable, and loving. Unfortunately, absent a counterbalancing knowledge of history and a healthy skepticism, those qualities allowed - or tolerated - the welfare state that this country has become.</description>
		<content:encoded><![CDATA[<p>My father was a stock broker and my godfather&#8217;s son was a Wall Street stock analyst, and for as long as I can remember, during every Presidential campaign, they would tell me that the central issue was always how the latest government entitlements that people wanted were to be paid for &#8211; by raising taxes or borrowing. I was also told that the pension programs of the large corporations were unsustainable &#8211; and I remember that General Motors was cited as a particular example. They didn&#8217;t know how such things would play out, and they lamented that economic and political problems seemed to be addressed only when they reached crisis proportions. That was over 40 years ago (they died when I was 11). So, I&#8217;ve been prepared or conditioned for the situations described here for a long time. What&#8217;s been the most surprising and confounding to me, however, is how long it has gone on for. I remember giving a show-and-tell presentation to my class in 1970, which was called &#8220;the trillion dollar year&#8221; because the country had finally accumulated that much debt. I thought it was cool that a stack of one trillion dollar bills would be higher than the Empire State Building. That was considered to be a lot of money then, and there was a vague sense of foreboding about it, and yet it also felt like it represented the country&#8217;s wealth &#8211; that it was somehow a positive thing. I remember palpably feeling the cathartic applause from the audience at a Frank Sinatra concert in 1974 when he alluded to the economic conditions at that time and said &#8220;&#8230; but we&#8217;ll get through it, we&#8217;re that strong.&#8221; People, in general, who are fortunate enough to do what they love and prosper are naturally optimistic, generous, charitable, and loving. Unfortunately, absent a counterbalancing knowledge of history and a healthy skepticism, those qualities allowed &#8211; or tolerated &#8211; the welfare state that this country has become.</p>
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		<title>By: Don Eves</title>
		<link>http://dollarcollapse.com/articles/the-difference-a-printing-press-makes-part-2/#comment-317</link>
		<dc:creator>Don Eves</dc:creator>
		<pubDate>Fri, 12 Mar 2010 03:32:29 +0000</pubDate>
		<guid isPermaLink="false">http://dollarcollapse.com/?p=884#comment-317</guid>
		<description>Great essay! Where this train stops is in the bottom of the canyon. People I talk to can feel something is wrong but nearly all have no clue as to actually what is wrong. We have been allowed to live in fairyland for so long society thinks the life it has lived is reality and it should continue. When a society has to have an ever expanding credit base to survive, the doom of that society is certain. Economic laws of nature can only be violated so long. Reality eventually demands a value for value exchange...and value is only determined by the market.</description>
		<content:encoded><![CDATA[<p>Great essay! Where this train stops is in the bottom of the canyon. People I talk to can feel something is wrong but nearly all have no clue as to actually what is wrong. We have been allowed to live in fairyland for so long society thinks the life it has lived is reality and it should continue. When a society has to have an ever expanding credit base to survive, the doom of that society is certain. Economic laws of nature can only be violated so long. Reality eventually demands a value for value exchange&#8230;and value is only determined by the market.</p>
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		<title>By: Doug</title>
		<link>http://dollarcollapse.com/articles/the-difference-a-printing-press-makes-part-2/#comment-316</link>
		<dc:creator>Doug</dc:creator>
		<pubDate>Fri, 12 Mar 2010 03:17:12 +0000</pubDate>
		<guid isPermaLink="false">http://dollarcollapse.com/?p=884#comment-316</guid>
		<description>I wonder how long the states and PIGS can remain in limbo between default and a bailout. It seems like we will have a daisy chain of bailouts or defaults once the first few countries and states go bust and confidence is lost.</description>
		<content:encoded><![CDATA[<p>I wonder how long the states and PIGS can remain in limbo between default and a bailout. It seems like we will have a daisy chain of bailouts or defaults once the first few countries and states go bust and confidence is lost.</p>
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		<title>By: ralph</title>
		<link>http://dollarcollapse.com/articles/the-difference-a-printing-press-makes-part-2/#comment-315</link>
		<dc:creator>ralph</dc:creator>
		<pubDate>Thu, 11 Mar 2010 23:35:21 +0000</pubDate>
		<guid isPermaLink="false">http://dollarcollapse.com/?p=884#comment-315</guid>
		<description>Couldn&#039;t agree more. US is doomed. Fake propped up equity and bond markets, artificially depressed gold/silver prices, soaring un-employment, soaring bankruptcies and defaults, non-stop media propoganda making the un-thinkable not so bad, bankrupt states, non-stop QE, endless bailouts, deposit currency hyperinflation, massive deflation (private debt collapse), WAR is PEACE, BLACK is WHITE, BAILOUTS are necessary to save capitalism, LA LA LA LA LA! Its egregious and seems never ending. When will the FRAUD that is the AMERICAN ESTABLISHMENT END???</description>
		<content:encoded><![CDATA[<p>Couldn&#8217;t agree more. US is doomed. Fake propped up equity and bond markets, artificially depressed gold/silver prices, soaring un-employment, soaring bankruptcies and defaults, non-stop media propoganda making the un-thinkable not so bad, bankrupt states, non-stop QE, endless bailouts, deposit currency hyperinflation, massive deflation (private debt collapse), WAR is PEACE, BLACK is WHITE, BAILOUTS are necessary to save capitalism, LA LA LA LA LA! Its egregious and seems never ending. When will the FRAUD that is the AMERICAN ESTABLISHMENT END???</p>
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		<title>By: Brad Thrasher</title>
		<link>http://dollarcollapse.com/articles/the-difference-a-printing-press-makes-part-2/#comment-314</link>
		<dc:creator>Brad Thrasher</dc:creator>
		<pubDate>Thu, 11 Mar 2010 22:21:26 +0000</pubDate>
		<guid isPermaLink="false">http://dollarcollapse.com/?p=884#comment-314</guid>
		<description>Will the largely armed and dangerous American People just rollover if we learn there is no gold in Fort Knox?</description>
		<content:encoded><![CDATA[<p>Will the largely armed and dangerous American People just rollover if we learn there is no gold in Fort Knox?</p>
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