Originally posted by pillock
The problem with the world economy is very simple . The share / futures market is to blame, how can an economy survive when people who produce
nothing whilst making trillions of $s doing nothing except gambling & pushing paper survive ? It should be company A produces something that either
company B or consumers need / want, sells what it has produced / made . Trading / gambling or guessing on how well company A or B will do financially
is non productive and adds costs to the end product .
You are closer to the truth and to a solution than many others may realize. Only the truth, acknowledging it and correcting it will we ALL mankind be
There is $70 trillion in G10 debt that is the collateral for $700 trillion + in derivatives, equating to 1200% of Global GDP. How did it happen?
Thanks to bankers,rich elites and speculators in the casino stock markets, the value of our world's wealth $70 trillion had been INFLATED to $700
trillion in total liabilities.
How then can the world pay off those inflated figures when our financial world collapses, or WORSE if it does't collapses - the world's humans then
made to work theirs and their future generation's butt off to pay those indolent lazy bast*rds whom had screwed up the capitalist system?
Money is only a piece of paper. It is the trust and confidence in that paper, that it is backed by REAL GOODS, that gives it a value. Right now, with
that reality of INFLATED values, there is NO REASON to honor those inflated values anymore, simply because those inflated figures ARE NOT backed by
real goods, but in reality, backed by the forced and enforced sweat, toil and blood of man turned into slaves for generations by the bas*ards.
The only way now is to PRINT MORE MONEY, DEVALUE THE AMERICAN DOLLAR to its true value - based upon goods and resources, not on man created inflated
figures. Fortunately the american dollar is the reserve currency of the world, and much of our world nations use it, trust and base their own
currencies on the dollar value. It is the only solution left, provided the American People have the will.
For sure, the real rulers behind the scenes - international elites, will NEVER allow it and will do everything they can to undermine such actions,
even if it means killing off 70% of our fellow humans, for they will weep if even even a dollar is lost from their incomprehensible hoardings of
staggering wealth. 30% of slave humankind left would give them a comfortable life, as our planet's resources had not ended.
China, Japan and the BRICS nations already knew the truth of the inflated values and real world liabilities. They know what will have to come, if no
war happens - devalution. They worry about the devaluation of their own currencies should the american dollar is allowed to reflect real value.
BRICS have as much to blame for the inflated values, for they too manipulated their currencies, gambled on stock exchanges, equally have barbarians at
the helm of bank boards. By decoupling from the american dollar, they hoped to get away with their gambled wealth, maintained their currencies and the
value of their goods and resources at current inflated prices .
Foolish move by them actually. Who are the true consumers, tech innovators of the world? It is the western world. Dictorship ruled BRIC nations do not
have the necessary institutions for true civilisation freedom and growth.
Majority of their people have yet to catch up with the west, and unlikely to do so, even with imported foriegn talents, for in corrupted tyrannies,
tall poppies are often cut down or culled. BRICS will only doom themselves if they do not solve this problem TOGETHER as one human race. No one will
be left to buy their goods and all will starve. Civilisation ends...
It's actually more complex, but for simplier comprehension so that more may understand about devaluing the dollar:-
Let's take an example that America's total wealth is $7 trillion. In year 2011 it has circulated $7 trillion american dollars into the world, and
other nation's currencies pegged their dollars worth to US dollar.
Now, if in June 2012, USA decides to print ADDITIONAL $14 trillion to add into world circulation. It would devalue the 2011 dollar down to current
value of only 33 cts.
That choc bar you bought at 2011 cost $1. Today in June 2012 it will cost $3.30cts.
But in terms of debts, that $10 Trillion dollar debt signed in 2011 will become only $3.3 Trillion!
And one can live without that choc bar,which producers will have to reduce prices realistically,lesser profiteering if they want their products sold
and not rot.
And in exchange rates - US$1 is worth 80cts Euros in May.
With new June 2012 devalution value, US1 will still be 80cts Euros, as Euros is pegged at US dollar, if all things being equal,
BUT that 80cts Euros has lost 67% in current paper value than its paper value in May.
If its debts are in US dollar signed before June 2012, it will pay only 33% from its national wealth OF RESOURCES/GOODS instead.
Similarly,if EU is not pegged to the dollar, but accounted by its own resources and goods, then it must PRINT MORE euros to devalue/ recalibrate back
to TRUE EU dollar worth, and not INFLATED worth, or all states whom had loaned in EU dollars will starve to death by generations paying those inflated
All Biz comes with risk, more so those whom had sought to tweak the system for selfish personal gains, which most of world players including leaders
are guilty of. They will have to pay the price, and not innocent others.
edit on 3-6-2012 by SeekerofTruth101 because: (no reason