How Barack Obama and Ben Bernanke are destroying the dollar — and perhaps ushering in the amero
First under the Bush Administration and even more so under President Obama, the federal government has been seizing power and spending money as it hasn't done since World War II. But as bold as the Executive Branch has been during this financial crisis, the innovations of Fed chairman Ben Bernanke have been literally unprecedented. Indeed, it is entirely plausible that before Obama leaves office, Americans will be using a new currency.
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The End of the Dollar?
Aware of the above considerations, central banks around the world have been quietly distancing themselves from the U.S. dollar. Over the summer, officials in India, China, and Russia opined publicly on the desirability of a new global financial system, anchored on a basket of currencies or even gold.
We thus have in motion two huge trains of supply and demand, and the result will be an inevitable crash in the value of the dollar. Just as the Federal Reserve is embarking on a massive printing spree, the rest of the world is looking to dump its dollar holdings. It's impossible to predict the exact timing, but sooner or later the dollar will fall very sharply against commodities and other currencies.
A crashing dollar will translate immediately into huge spikes in the price of gasoline and other basic items tied to the world market. After a lag, prices at Wal-Mart and other stores will also skyrocket, as their reliance on “cheap imports from Asia will no longer be possible when the price of the dollar against the Chinese yuan falls by half.
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Announcement for slipping dorks in America! While you were asleep your government introduced a military registration for all men, both legal and illegal, between the ages of 18 and 25. “Not registering is a felony. Young men prosecuted and convicted of failure to register may be fines up to $250,000, imprisoned for up to five years, or both” Forms could be picked up at the local post office. Happy awakening!
ReplyDeletewhat are slipping dorks? A Military Draft is coming soon, count on it and everything is coming unglued within the next year.
ReplyDeleteAnother foolish theory: that the big bad illluminati is destroying the dollar with the purpose of instituting the Amero which will somehow make people more enslaved. No, im afraid not. Out of all the times currencies have been trashed it did not result in world domination and or hellish enslavement. Time to get your thinking caps on brothers and sisters. The game that is playing itself out is increasing consumption and diminishing supplies of resources. Can you imagine what the US military commanders would feel like if suddenly there was no oil pipeline through the east and if prices sky rocketed. Can you imagine what they would do if they couldnt continue the bombing and murder of helpless brown civilians in far off countries just on any whim? Their balls would shrink and their egos would be shattered.
ReplyDeleteLook people, the time is nigh and not even the "global elite" are sure what to do. But it is not looking good because: A) the super-powers love their 1st world lifestyles and B) they will be highly competetive and paranoid when things go haywire and c) nuclear weapons.
But if you want to keep crying about the evil Illuminati instead of looking at the real picture and taking some responsibility for taking part in this machine, GO RIGHT AHEAD.
I think its called playing the helpless victim...
ReplyDeletehey 8:19pm
ReplyDeleteGo back to sleep. We know that money printed itself and lended itself, no humans participateed. It's just like rain or snow, falls out of the sky without any theories and human participation. Everything is quiet in Bagdad, go back to sleep.
8:19 nobody has an agenda. The company you work for really doesn't have a president. Nothing goes on behind the scenes, its all in the open right on NBC. Nobody shorts shares on the stock market unless there are real shares to short. Goldman Sachs really didn't screw the public and the banks didn't really receive any money. All the cash that is printed is in circulation today. Santa, The tooth fairy, easter bunny are all real. Stay in that delusional world we need people like you..
ReplyDeleteOf course they screwed the public. Of course they printed the money. Of course America is the land of Greed. Of course it is the modus operandi of capitalism to screw your fellow man. That's the conspiracy, bub. Why don't you go back to sleep, or go look for Bigfoot in the trees (in the backwoods with your AK 47)? You would have better luck with that than understanding the world about you being shielded by your willful ignorance and lazy intellect.
ReplyDeleteThis is exactly why I converted 95% of my savings into gold and silver.
ReplyDelete@7.21 why didnt you invest it in food and real barter items , gold wont mean shit to the local food store , And when there are no staple items coming in from abroad into the U.s , WTf you gonna do with all that gold ? eat it , i think not . IMHO gold is a fools game , silver is ok since it has previously been the working mans currency , but gold at 1200$ an oz is one hella dumb thing to do ,if you think about it , what if the GOV manipulates the gold price to rock bottom levels , then they Execute executive order to reinstate the gld confiscation Act , imagine losing 90% of your investment . no thanks , my pantry is 400% overcapicatated and my ammo locker is full , water supply is 200 meters away , wild meat 200 meters away , what will gold bring you i ask ?
ReplyDelete@9:32 AM
ReplyDeleteI think, as ususal, you did not study the history of your country. Back in the day, before the Federal Reserve was created, trade in your country was conducted with gold and silver coins. And you bet, every fricken store took them instead of toilet paper. Where there is a danger in gold and silver investment is that your government can fock you again, as they did it in 1933.
I'm thinking about getting a vehicle that runs on diesel. When the dollar crashes, gas will go very quickly.
ReplyDeleteBy the way, my savings is in silver, guns and ammo.
Go ahead and get a diesel vehicle. You might get a couple of mpg more (and possibly more pollution) but you're going to be paying at least a dollar more than whatever the price of gas is.
ReplyDeleteAnd 11:52 is saying "theories" don't print money. And printing money isn't the cause of the crash. It's just a tool to try to overt it, or make one mad dash to get rich before it happens. Wake up and stop reading comic book theories.
everybody don't print money
ReplyDeleteeverybody photocopy money