The dollar IS doomed. Think about what's going on.

Trillions of dollars flying out the country for cheap imports. Dollars piling up in China and OPEC nations. Huge piles of it. And, what good is it to them?

Where can they spend them earned dollars? Buy American made? HA, yeah right. Not even we can afford to buy American made here in America ourselves. There are still a few things they can buy with them moldy funny dollars though.

These foreign nations we buy from aren't filled with chumps. They know the con game we're playing with our funny money. We trick them into parting with their cheap labor and national resources for piles of our green funny paper. They aren't stupid anymore, they know what's going down.

The only thing US dollars are good for now is BUYING AMERICA, the nation and her land and her slaves! It's already happening. Bye bye America!

We're doomed! And for good cause too. The con game is drawing to a close.

[edit on 21-11-2008 by Divinorumus]

Perhaps it's a ploy so all we can use American dollars for are American goods,think about it,at the rate things are going the government will have a financial stake in pretty much all major industry,maybe they are planning on a default,just my thought no basis to back it up but certainly seems to be headed in that direction

Its strange while the oil prices are dropping[only for a short period] the dollar is getting slightly stronger.. I think China is getting rid of their dollar reserves buying influence in Africa..one day the Chinese and other Dollar holders can nuke the dollar and get rid of their bonds..
Another thing is, recessions/depressions are marked by the end of old teqnology and energies and birth of new ones.. I think we should embrace and era of solar technology, bio-and nano technology and the end of oil..with that[if hasnt already] the Dollar will also vanish..
Before that Oil could be paid in Euro's or even Renminbi







[edit on 21-11-2008 by Foppezao]

An interesting development to watch will be the coming establishment (next month) of the Dubai Silver ETF (created by the Dubai Multi-Commodities Center). This is potentially enormous news for reasons that are a bit complex to go into.

Cliff notes:
-the OPEC nations, and possibly also Russia, are setting up a counterbalance against the recent fall of oil prices. (oil has gone from $147 to now around $55 a barrel, which has a huge impact on Russia and oil exporting nations).

-Sovereign wealth funds in oil-rich nations have been tweaking gold and silver upward every time oil was smashed by Wall Street/Anglo-American investment community (I'll call this "The Westem Establishment" for convenience hereinafter).

-Precious metal suppression, especially of gold, is enormously important for the Fed and among the Western Establishment because they want their created-from-thin-air dollars/euros/yen to maintain some semblence of value despite the frantic rate of creation underway.

-The Western Establishment has made two major mistakes, to which the Dubai ETF may be the OPEC solution:
A) Allowing OPEC/Russia etc. a taste of extremely high oil/commodity prices, and then allowing those prices to fall rapidly. Among OPEC etc this will not be tolerated, especially after these nations got a chance to experience the huge profits generated by such lofty oil prices.

B) The second mistake is the trashing of silver prices in the face of growing shortages at a time when the above-ground silver stocks are at an all-time low and headed even lower. The shortages are being caused by manipulated silver prices that are below the cost of production, thus causing a collapse in production. Result = huge price imbalance, growing shortage and all-time low levels of above-ground stocks,

-The competitors/creditors now have one of the greatest opportunities to corner a commodity market in the history of the world.

Note that this isn't being reported much in the mainstream press (although it is sending panic down the corridors of power). The ETF could turn out to be a major leg kicked out from under the wobbly dollar card-table.

Keep your eyes on this in the days ahead. It could turn out that this isn't the dealer raking in the chips after the end of another round: it could be the whole poker table being overturned.

____