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Originally posted by MUDDYFOX
america is going to go bankrupt in the autumn this year. it has been predicted in the bible codes.
Originally posted by astroblade
but, and i'm so sorry to burst many of your bubbles, the american dollar is still backed by gold, and there's plenty of it left over in our reserve.
Originally posted by astroblade
so many anti-american nutcases on just one thread, it's truly stunning. the euro is certainly a competing currency, but how can't it be, it's the currency of over a dozen modern countries. but, and i'm so sorry to burst many of your bubbles, the american dollar is still backed by gold, and there's plenty of it left over in our reserve. america is not about to go bankrupt, it's simply in an economic slump right now, and really only because it's being compared to our past high's. in about 7 years, at most, we'll have some other kind of boom or jump in economic movement, as has happened decade after decade in modern american history. by the way, for the fools who keep saying all empires must fall, in reference to america...just what are you talking about? several european countries have been around far past the age of america. they have not "fallen", so just why do you persist in believing america will. is it simply anti-american sentiment brought on by anger or jealousy toward america for its current actions?
Originally posted by smirkley
. The USD is teetering on an edge, that has been there for many years. (I dont see it falling off immediatly though, just a slow gradual decline barring any turn of events or actions by others that would change it all for the better)
Surviving the Collapse:
The New Bretton Woods
by Lyndon H. LaRouche, Jr.
Here is Mr. LaRouche's speech to the conference on "Surviving the Era of Imperialism," at the Monterrey Institute for Technological and Higher Studies (ITESM), in Monterrey, Nuevo León on March 20, 2004.
What I shall do is describe the situation: We are now in the worst financial breakdown crisis in several centuries. It's now ongoing. The time that the collapse will occur, the full monetary collapse, is not certain.
There's always the possibility, up to a certain point, of printing money to try to postpone a financial collapse. Right now, as you probably know, Japan and the United States are printing money at rates that have never been seen in history before, all for the purpose of trying to hold up the dollar until the election this coming November in the United States.
I'm not sure that's going to work. As a matter of fact, I doubt that it's going to work. But we're in that crisis. And therefore, since this is an inevitable event, the crisis itself, the question becomes:
How do we get out of it? And in the matter of forecasting: How can we know, whether we're going to succeed in getting out of it, or not?
How do we know that certain method will work, or which will not work?
So, I've divided the presentation into seven subtopics, which may assist you in following me, as I make the presentation more
Originally posted by j2ts2
Unless OPEC decides to re-nominate oil dollars to euro dollars instead of US dollars
For an explanation of this see Economics 444, Money and Banking at any University