Sunday, November 7, 2010

Why Will Gold Go Up? Over 10.2 Trillion Needed Next Year, Banks To Dump Dollar

10.2 trillion: The amount of money advanced-nation governments will need to borrow in 2011
As the debts of advanced countries rise to levels not seen since the aftermath of World War II, it’s hard to know how much is too much. But it’s easy to see that the risk of serious financial trouble is growing.
Next year, fifteen major developed-country governments, including the U.S., Japan, the U.K., Spain and Greece, will have to raise some $10.2 trillion to repay maturing bonds and finance their budget deficits, according to estimates from the International Monetary Fund. That’s up 7% from this year, and equals 27% of their combined annual economic output.
Aside from Japan, which has a huge debt hangover from decades of anemic growth, the U.S. is the most extreme case. Next year, the U.S. government will have to find $4.2 trillion. That’s 27.8% of its annual economic output, up from 26.5% this year. By comparison, crisis-addled Greece needs $69 billion, or 23.8% of its annual GDP
More Here..


  1. holy shit. we are shitting in our pants. dollar dumping will be the death of america. i thought america will last for 1000 years. it is only around 234 years old. oh well. all empires fail. and when they fail they fail epic proportion

  2. Dollars going up not down.

  3. tuesday 9/11 2001 tuesday 11/9 2010

  4. Yes 5:57, you're right, the dollar is going up... up in fire.

  5. dollars going up your ass
    now bend over .

  6. dollars going down your throat
    now shut the fuck up.

  7. Never fear, Joe the Spender will have us in total ruins in no time. Like ignorant people that borrowed more than they could afford and destroyed their foreclosed home, the Chicago community organizer will default and trash the country in the process. Meanwhile he and the clan are living it up in the final days.

    Now go back to sleep until dancing with the stars comes on you sheeple.

  8. The Dollar will go up and down in a currency war. What do you think the other players are doing sitting around doing nothing?


  9. If America fails, which government will take over?

    If the dollar fails, what procedures will be in place to deal with that?

    Anybody know?

  10. I don't think anyone really 'knows' anything at all. One person can be totally oblivious to all of it, one person can say it was caused by Republicans, one person can say it was Liberals, some will call it Progressives, some will call it human nature, there are some who will say it was reptiles, some still call it Satan, others see it as a new course of consciousness which is embracing social chaos as a prerequisite for the transformation, and others are either dead or unborn.

    The question is, what kind of person are you? Are you one that sees this as a miracle, or are you the kind that sees this as something that just happens?


  11. 8"12

    What a breath of fresh air !

    Somebody who is not only smart; but smart AND honest.

    Live long and prosper !

  12. 8:12 - this is simply criminals being criminals, they just happen to have the official titles. Oldest game in the world.

  13. Change is scary...Will hurt many innocents but in the end is necessary.

    We're all being pushed, prodded and we're all taking it like cattle to the slaughter.

    The fight seems to have been bred out of us as a whole...Sure you have some exceptions but nothing in large percentages.

    Reason being as long as an American has his creature comforts he won't look to rebel.

    I believe that whatever will happen in the next 3 years or so will be historic, amazingly evil and sad.

    We will have our own Modern Dark Ages...Some of you should read the Surviving in Argentina blog...Because that's where we're going.

  14. Silver up almost a dollar today. See that as the value of the dollar decreasing.

    I have always read that when silver and gold start their moves up, something very big is about to happen. Not sure what, no doubt some type of devaluation or thegoodoleusofa not being able to pay its bills..

    Too bad suckers who have been telling all of us everything is ok. Got Gold or Silver?

  15. doller maybe tomorrow..there's a wave and then there's the tide, watch the tide charts over waves..unless your one of those who get trapped on seaside cliffs because the tide came in..ha. And to look at the doller excluding all other currencies makes no sense, all currency's falling together relative to real assets, that's why they call it a currency war. why not stop looking at paper and look at iron ore, copper and gold, cotton, sugar and coffee, food oil and fuel values as a means to examine currency values.
    america fails which gov takes over?..america won't cease to exist, and who do we relegate authority to already, under the guise of cooperation, working the problem together, unity..the UN, G20..soon the IMF..more america goes further down the rabbithole and sells the people a bill of goods on how great being onboard the global agenda is, all benefitting the fewer rich and those in power.
    doller fails what procedures in place? simply declare their course of remedy..look at history, overnight gov's declare a thing concerning currency and it is, even under threat of death in some instances, N Korea was the latest but not threat of death, sure hurt many common man, france, germany, zimbawai, china..paper started in china and look what actions happened with paper currency. they don't ask for peoples vote, they simply take their desired actions, so paper will fail as all paper is fighting against anothers paper and it'll be ugly then they'll finally convince people it's a benefit to have 1 currency..for peace and thereby safety and prosperity
    never waste a good crises, back people into a hurt corner and sell an apparent solution and they'll bite
    world unity isn't new, and always fails as will always fail under themselves

  16. 3:58-Getting paid to present the one world government. I don't think there will be any takers, except for the paid agents like you.

    One currency, one world? NEVER!

  17. Fractional reserve (fictional paper value )Cental banksters ,create money as government debt out of fresh air.

    Here is another fact you probably did not know. Banks are LEGALLY able to loan out more than they have in reserve (fiat reserves in reality). This process is called 'Fractional Reserve Banking.' Sounds nice huh?
    Basically a percentile limit is put on the bank and it works like this. If a bank has a percentile fractional reserve banking limit of 10 percent it is able to loan out 90% of any deposit. Legally they have to hold 10% in reserve. The problem though is that each time the bank loans 90% it does not loan cash. Tha bank merely puts the 90% into someone's account and then COUNTS THIS AS ANOTHER ASSET (a reserve)! They then loan 90% of the 90% they just loaned to someone else and so on and on. Banks can legally loan what they do not have. If the person does happen withdraw the money it usually ends up in another bank and the process just occurs from there. I hope you see something wrong with this. I also hope you take the time to look this up as you will see it is true.

    Fractional Reserve Banking has its origins in medievil Europe with the gold and silver merchants and Usury finance .
    People would deposit their gold and silver coins for safekeeping with these merchants for a small fee. The merchants soon became aware that many people were trading in the reciepts (promisary money) which they issued to depositors. The merchants soon began to write out extra receipts and loan them at interest to people. This in turn caused inflation as the purchasing power of people's receipts was lessoned. When many people awakened and demanded their gold and silver coins the merchants were not able to cover their liabilities and thus went out of business. Today we have the same system with the Fed at its center .The money elite are protected by their paid in bribes political elite.

    If you are an American the taxes you pay to the Internal Revenue Service (IRS) which you think are going to the government are not really going there at all. You have been decieved again. The IRS is 'also' a private corporation. If you read your tax receipts you will note it says, "Pay OBLIG to FRB." What this means is you pay the United States obligation to the Federal Reserve Bank. This money is in reality being sucked out of circulation to try and slow down or prevent the rampant inflation that will occur because of the constant creation of paper money out of thin air.
    With the collapse of the foreign money supply the great ponzi dollar hegemony system and financing for government deficits system is insolvant ,america and its finance sector cannot pay the interest and dividend bill for its past credit.
    So the Fed is about to "print" hundreds of billions of dollars to buy up US treasury bonds Moneterising govt.debts.Another bailout!
    The end result of turning to the printing press can only be a continual weakening of the US dollar and massive inflation.

  18. Why are folks buying gold when it's canned food and seeds that they need?

  19. Yes, you are right. Canned food, Heirloom Seeds, Water and such.

    But the Most important is that the one World government was foretold in the Bible. Read Revelations.

    Jesus is coming back soon. Are you ready? All paper likely to fail by 2012. But your soul is what you need to tend to.

    God sent his son Jesus Christ, to die for our sins. Repent for the Kingdom of God is at hand. God has a cause with America. It is not good. She is full of lust, greed and all kinds of immorality.

    Repent for the Kingdom of God is at hand. Refuse the mark of the beast as warned in Revelations.

    A false Christ is coming and will seat himself on a throne in Israel. Demanding to be worshiped as God.

    Warning! Wake up! Read your Bibles! Call on the name of Christ Jesus while it is not too late. Turn from your sins and repent! Ask for mercy for America! Please.


Everyone is encouraged to participate with civilized comments.