OtisM BLS Tulsa FOB Jayde KGB's blog: "Political shit."

I believe our dear friend Wahela is as angry with Bush as I have ever seen her!
And who could blame her after all? It's not like many of us believe that WE really hired him, and outward appearances seem to support the fact that the man either cheated and bought his way into office, or someone cheated and bought his way in without him even being intelligent enough to realize it!
I suspect the latter btw.
When Wahela says: "Yes, I feel so much better now. The last comment from President Bush in his mini-money-commentary provided the US taxpayer with even more reassurance that all was well with the financial health of this nation by saying, "....there has been additional liquidity by infusing the market with 55 billion dollars into the system...."
I'm not absolutely certain but I believe that comment to be only slightly tongue in cheek. *weg*
So let's run with one of the points in the piggybank blog. I too have a very distinct disregard for the shrub's purported response to the current economic crisis. Infusing billions of dollars into the market translates to nothing short of printing new currency. If a citizen were to do that they'd be jailed.
Certainly is it possible that Wahela - unlike our president - is familiar with the performance history of fiat currency based systems and their impact on economy and social welfare wherever they have emerged throughout history.
Here's an excerpt from the wikipedia page ( linked above ) for the unititiated:
The terms fiat currency and fiat money relate to types of currency or money whose usefulness results, not from any intrinsic value or guarantee that it can be converted into gold or another currency, but instead from a government's order (fiat) that it must be accepted as a means of payment.

Now - the question may spring to mind is "But what are our options?"

Well the option with regard to monetary systems has less ambiguous in title and there are really only two basic types of currency systems that exist.
That option is known as "commodity currency".
When we go back to wikipedia we find the term explained in somewhat less depth than it's currently favored cousin - but then it requires far less detail to explain.
A commodity currency is a name given to currencies of countries which depend heavily on the export of certain raw materials for income. These countries are typically developing countries, eg. countries like Burundi, Tanzania, Papua New Guinea; but also include developed countries like Australia and Iceland. In the foreign exchange market, commodity currencies generally refer to the Australian Dollar, Canadian Dollar, New Zealand Dollar, and the South African Rand.
I would tend to disagree on the point that the countries who implement commodity based currency being poorly developed. Personally I think they're the only ones who may survive the current state of the world economy. A dollar worth of material being represented by a paper dollar seems a fine idea to me. Additionally, "A foolish man builds his house upon the sand." is one of the most popular ones among those in my repertoire.
Our dear friend Wahela's admonition in her blog for the greedy power hungry pundits to "Just say no" is a wonderful idea, but for as long as we continue to allow them the option to say yes I believe that plea will continue to fall on deaf ears.
The rest of the world, while still offering to help bail us out, is less interested and concerned than we are in the state of our economy, because most of the world is far closer to a realistic commodity based economy than we are. It's the nature of the word "fiat" - a government mandate - that causes that to be a natural reaction. The gross misconduct inherent in printing so much money without anything to back it up also spurns on the US versus the world attitude that has become an increasingly common mantra globally.
The puppets that US corporate interests put in place by purchasing lobbyists by the dozen at the local politician store ... also known as the US Congressional building ... care less about global economy than they do about a more local issue for a change. The problem is that the local issue they're concerned with is of course their individual bank accounts.
Supporting the current fiat currency based economy will be - or has been depending on your perspective - our undoing. We the people of the United States of America are the ones who need to say no.
Say no to strong arm foreign policy.
Say no to continuing to allow an inflationary credit based economy to exist.
Say no to allowing the elite to expouse their discriminatory ( yes it IS a discriminatory practice to expouse any one person's beliefs as THE religion of that nation despite its popularity Georgie!! )
Say no to the increasing infringement of the federal government on the personal liberties of the free citizens of these United States.
Say no to increasing the powers of the executive office of this land to dominate us and manage our national resources carte blanche based on personal initiatives should that officer so desire!

And say yes to freedom in a brave new world.