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The Fed knows that M3 is proof to the world's bankers and investors that the American dollar supply is rapidly increasing, and that therefore its value is decreasing. The Fed is afraid that foreign banks, who hold a giant chunk of our national debt, will want to dump their dollars. The Fed is also afraid that oil-producing countries will likewise want to stop selling their stuff in dollars, and switch to the euro.
What has the Fed done to address this situation?
It has decided to cover it up. Beginning today, it will no longer publish M3. From now on, nobody will now how many more dollars the Fed will create out of thin air.
And this will make a bad situation much worse. The Fed's refusal to tell us how many dollars there are, is a sign that it is too afraid to admit how worthless the dollar really is. The world will abandon the dollar, with disastrous effects for Americans. Prices of goods and services will rise quickly and drastically, while wages will not even remotely keep pace. The number of bankruptcies will explode. Our financial system will collapse.
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What caused the Great Depression? To get a handle on that, it's necessary to look at previous depressions and compare. The Great Depression was by no means the first depression this country ever had, but it was clearly the worst. What made it different than the rest? At the time of the Great Depression, government intervention in the economy was higher than it had ever been and a special government agency had been set up specifically to prevent depressions and their associated problems, such as bank panics. This agency was the Federal Reserve Board and it was to have been the loaner of last resorts for banks in order to prevent collapses as had happened during earlier depressions. But as we'll see, there is good reason to believe that the Fed's actions explain a lot of the problems that lead up to the Stock market crash and the subsequent depression.
Originally posted by Nygdan
The end of the US as a miliatry super power is readily precictable.
The half life of plutonium, used in nukes is 24110 years.
So we can expect the US to be a non-superpower by 26116 AD.
Originally posted by Nygdan
The end of the US as a miliatry super power is readily precictable.
The half life of plutonium, used in nukes is 24110 years.
So we can expect the US to be a non-superpower by 26116 AD.
Mark yer calenders.
[edit on 14-4-2006 by Nygdan]
Originally posted by Mdv2
A wise lesson: you can't be a superpower with nuclear weapons only. What if all your dollars lost their value?
Originally posted by shots
Originally posted by Mdv2
A wise lesson: you can't be a superpower with nuclear weapons only. What if all your dollars lost their value?
The very same could be said for the Euro it too might collapse. What if all your Euros lost their value?
Will The Euro Collapse
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Over the last few days, there has been a number of articles in the media about the steady decline of the $US against the Euro. While many economists have forecasted the possiblity of the dollar declining against the Euro for sometime, most do not comprehend the significance of this. Some believe that the decline of the dollar against the currencies of American's trading partners will help correct the USA's trade deficit, and the dollar will stop falling when the trade imbalance is corrected. However, the evidence is that the opposite is happening - the $US has declined 40% against the Euro over the last 2 years, and during this time America's trade deficit has continues to deteriorate.
There is now nothing the USA can do to prevent the collapse of its currency, and its economy. It has no reserves to support its value, and has the most indebted country in the world, is dependant of the credit from America's former enemies. Over the last couple of days, both Russia and China have said they will be switching their considerable dollar reserves into Euro. This will only hasten the lack of confidence in the dollar, creating a global lack of confidence in the currency, and setting into free-fall. It will soon bring about the total collapse of the dollar, and the American economy.
The collapse of the dollar will throw the world into a global depression. Those nations with large external debts will not be able to trade sufficiently to earn the income to service their debts, and will slide into bankruptcy. The economies of New Zealand, Australia, Canada and the UK will also totally collapse, as a result of their indebtedness and not being able to service their borrowings. It will result in the Anglo-Saxon nations facing abject poverty, our people facing starvation, and a total break-down in society. Crime will become rampant. Law and order will cease to exist. Disease will become widespread.
The Asian economies, which have depended upon American trade, will also be severely affected. However, they will recover after a period, but only after considerable political and economic turmoil.
The EU will be in a much better position to survive the coming economic chaos. An influx of capital into the Euro zone by those selling dollars will provide the funding for rebuilding the economies of the new United States of Europe. However, the collapse of the $US will still severely affect the already depressed German and French economies. The resulting economic turmoil will create the need for the acceptance of a strong EU leader, who will be able to make the necessary political and economic reforms to enable Europe revive their economies. Those nations that accept the new EU Constitution will come under the control of this new leader, creating Europe as the world's new Super Power.
The Euro will become the world's only reserve currency, creating the means for the new United States of Europe to become the dominant economic power in the world. The new Europe will be able to dictate the terms on how the global economy should be run. They will take over the administration of America and Britain, placing the Anglo-Saxon people in bondage for repayment of their debts.
Americans do not appear to comprehend the bitterness that has grown around the world as a result of their illegal invasion of Iraq. While once Europeans looked up to, and admired America; today it is held in utter contempt for its arrogance and warmongering. Anti-European comments in the American media have only added to this hostility towards the US. America's attempt to impose its version of government on the world, its hypocrisy in claiming to be the moral leader of the world, while flooding the media with degenerate filth and garbage, has bought upon it disgust and contempt that few Americans can comprehend.
posted by Mdv2:
posted by Nygdan
The end of the US as a military super power is readily predicable. The half life of plutonium . . the US to be a non-superpower by 26,116 AD. Mark your calenders. [Edited by Don W]
A wise lesson: you cannot be a superpower with nuclear weapons only.
What if all your dollars lost their value? Forgot what happened in [Weimar] Germany ? A civil war within the US would be very likely, what would the US government do? Nuke their own civilians? [Edited by Don W]
Originally posted by drex4ever
What your talking about will never happen. If it came down to our economy collasping i think we would start a wwiii just to get it crankin again.
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You mean like we're about to do in Iran?
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Even if it means if we gota kill a lot of people and take new territory i wouldnt really care. We would fight just to keep our luxury's and stomp anybody who gets in our way.
Originally posted by Mdv2
Nowadays we already see the first charasteristics of this scenario. But what happens if the end is there, and the Dollar really becomes valueless?
I think that I need to move to Cuba.
Originally posted by XphilesPhan
you do that! and do us a favor and take your liberal friends with you.....
Originally posted by shots
So what happens if the US replaces current warheads with new plutonium.
What if all your dollars lost their value?
what would the US government do? Nuke their own civilians?