Ireland Begins to Print It's Own Euros.

Leave it to Ireland to destroy the European Union. Sigmund Freud said the Irish were the only race that cannot be psycho-analyzed. Ireland by launching it's own fiat currency printing press has started the destruction of the Euro as a currency. They are now treading the same path as the Federal Reserve which has embarked on a systematic inflation of the federal reserve note which will lead to a de-valuation perhaps as high as 70% in 2011.



Daily Bell
Dominant Social Theme: The heck with a single currency. Oh, wait ... let everyone print it.

Free-Market Analysis: Was this the week the euro gave up the ghost and the EU threw in the proverbial towel? Analyzing the Anglosphere's dominant social themes is not an easy avocation and one looks for documentable breakthroughs. We have been fortunate to find several during the timeframe of this young publication but are always looking for more. Irish printing of euros seems to fit our criterion of a demonstrably significant event. (Information that makes you sit up straight and go "Wha?")

The one that stands out the most for us previously (as we have mentioned before) was the Congressional appearance of Federal Reserve Inspector General Elizabeth Coleman. It was perhaps the single worst appearance of any official in the history of such appearances and left no doubt that the Fed had not a clue about how to handle the fallout from its various monetary insanities. See our article on that episode here:

http://www.thedailybell.com/384/Federal-Reserve-cannot-account-for-9-trillion.html

Now comes Ireland. In news reports that have thus far not attracted much attention, the Irish Central Bank has been printing euros out of thin air to prop up its ailing banks. The whole of Europe will pay for this action, as the result will be increased euro-zone price inflation. We can only imagine the reactions of Germans if this continues – though apparently the Irish action is legal from the EU's standpoint so long as the ECB is "informed" in advance and approves. As is often the case, we doubted our reaction to the news, so we went trolling the ‘Net to see if anyone shared our instinctive reaction that this was overwhelmingly bad news for the euro. Here's one comment we found:

Wait... have I just slipped into a parallel universe? Is this some sort of early April's fools joke? Doesn't this defeat the entire point of a single currency and the ECB? Were the rules changed on the quiet without anyone noticing?

Greece.... Greece are going to go f***ing apesh!t. They were forced to go begging to the IMF.... when the Greek people find out the [Irish] central bank is allowed to just print money, they are going to riot and demand tax cuts and benefits rising and massive spending. The Germans... well the Germans are just going to totally lose it. They've been told they should pay higher taxes to help the PIIGS, now they are being told the PIIGS can prints EUROS at will?

It's impossible to overstate the importance of this... this is it... game over. The EU has weeks maybe days left. I this really is true, this is the biggest news story since world war 2 finished, and may even lead to world war 3.
Cont' @ Source

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Gold or Cash? Cash or Gold?

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10 States Now Want Gold Currency Bill

The original was the New Hampshire Gold Currency bill, found at Goldmoneybill.org You can download a copy of the bill and have it modified it is federal compliant written by Dr. Edwin Vieira.

Legislators in at least ten states have introduced bills in the past few years to allow state commerce to be conducted with gold and silver.

As we reported, Georgia state Rep. Bobby Franklin (R) recently reintroduced legislation to force his state to conduct all monetary transactions with U.S. gold or silver coins -- including the payment of taxes.

The Georgia bill has a long way to go before become law -- but it's by no means the only state that's considering a future in gold. Lawmakers in Montana, Missouri, Colorado, Idaho, Indiana, New Hampshire, South Carolina, Utah, and Washington have proposed legislation, mostly in 2009, to include gold and silver in its accepted currency forms. Continued at Source
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Silver to be worth more than Gold in Next Decade

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FED Gives Away 12 Trillion dollars to Banks

A crime so large our eyes just glaze over. The deer in the headlights we are, digest this information they get angry. We need productive pro-active action at this point. Support Ron Paul like a crack addict needing a fix in his upcoming battle with the Fed as the head of the house finance committee. Audit the Fed? How about citizen's arrests? We can try them in our common law courts.

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Codex, banning of organic farming by you the individual is all a function of the Federal Reserve. Get rid of the Fed and we live in the real world again.