posted on Jun, 17 2012 @ 06:03 AM
Lets hear from an American.
The American today is as pro-war, pro-capitalist, pro-empire, and pro-materialist as it was then, but is facing a threat it can no more defeat
than "terrorism": total economic, political and social FAILURE; and from that failure, collapse. Because America has been the preeminent world power
financially, militarily and politically since 1945, it refuses compromise; nor can it surrender one front to save another; nor can it admit defeat;
nor can it accept global competitiveness; nor can it honor international law; nor does it want to honor the social contract with its own people; nor
can it accept dissent or protest without state-sponsored suppression conducted by militarized police forces; nor can it accept freedom of thought and
action without expanding its totalitarian spying and surveillance methods; nor can it stop the anarchic algorithms on Wall Street from sucking blood
out of the nation and into the hands of market parasites, insiders, vigilantes and CEOs; nor can it stop the Generals in the Pentagon and in Brussels
from constructing new exorbitantly expensive weapon systems, provoking Cold Wars with Russia and China, invading and occupying tiny resource-rich
nations to control the world's energy and flows, boastfully assassinating sovereign leaders and citizens, and now threatening anyone anywhere with
murder or indefinite detention without trial or jury; nor can America stop the world from seeking to unseat USD as the reserve currency (one key
motive to most of the above). Nor can America stop the world from HATING The United States of America.
In consequence of this supreme arrogance, self-righteousness, God ordained hegemony, and the stupidities therein, America is about to lose EVERYTHING
- at once! (Hubris and gambling are not confined to Wall Street, they are national traits.)
The question remains: When will it all stop and how will it stop?
When will it stop?
I am in favour of Australia ending its military alliance with the United States. I also think that the United States should stand down as superpower.
This is my honest opinion. It does not make me a bad person. It does not make me anti-american.
Americans seem unwilling to hear about the fact that the world is making efforts to unseat the USD as the Reserve Currency. When the USD is unseated,
and it will be, the US will be in big trouble.
Brazil, Russia, India China and South Africa are meeting next week because of the use of SWIFT as a weapon of war. Expect the formation of a
competitive SWIFT system in three blocks.
2012 is the year that the US dollar will suffer from a significant drop in utilization as the international settlement currency.
People want to downplay the threat that the mighty BRICS nations pose. The reality is that the BRICS are the new power centre.
South Africa will this week take some initial steps to unseat the US dollar as the preferred worldwide currency for trade and investment in
emerging economies. Thus, the nation is expected to become party to endorsing the Chinese currency, the renminbi, as the currency of trade in
South Africa endorse Chinas renminbi.
And then, there’s that presumption about incumbency. The paper clearly shows it need not take a long time for a viable alternative to match the
reigning reserve currency and eventually overtake it.
This should be welcome news to countries such as China and Russia, which have in recent years called for replacing the dollar-based system with one
that uses several currencies.
But, as the authors show, the dollar’s rapid rise in the 20th century was possible because of the development of its financial system, the paper
The fact is that there is no need for a reigning reserve currency. America has been ripping us all off since WW2. Now that their economy has been
destroyed they are ripping us off more than ever. It is also fact that the USD can be unseated and it is looking like it will be unseated very
This below is a 'red alert'. 5 hours ago. Qatar Central Bank wants to stop linking its currency to the USD. See, I know what I am talking about.
Doha, Qatar's central bank has broken ranks with other monetary authorities in the oil-rich Gulf region to express its first public concern about
the longstanding policy of linking its currency to the U.S. dollar.
Now even the oil-rich Gulf Nations are turning away from the USD. The US is doomed.
Qatar, like most of the central banks in the oil-rich Gulf region, has pegged its currency to the U.S. dollar for more than a decade. Saudi
Arabia, the United Arab Emirates, Oman and Bahrain also maintain dollar pegs, while the Kuwaiti dinar is linked to a basket of currencies in which the
dollar is predominant.
Countries were not going to ignore Americas humiliating Credit Downgrade forever. America has tried to gloss over it and pretend it didnt happen. We
all remember when it happened and China came out and made fools of the United States. When China spoke down to them and made them the punchline of the
world. The day of the Credit Downgrade was the beginning of the end for the United States.
Despite recent weakness in the dollar and the move by Standard & Poor's last year to downgrade the U.S. credit rating, the oil-rich Gulf states
have refrained from voicing concerns about their currency pegs to the dollar, the currency in which their oil exports are denominated.
And who is stepping in to invest while the Western Banks all fail? You guessed it. Asain Banks. People act shocked when I say Australia should seek a
military alliance with China. It is sensible. The West is finished.
Meanwhile, Mr. Al Thani said that Asian banks are stepping in to fill a funding "void" created by the pullback in lending by European banks due to
the euro zone debt crisis.
Basically, the International Monetary System that we have had for a few decades that revolves around the US dollar has finally reached the end of
the line, and the current international monetary crisis was the last straw necessary for the world to realize that it needs a new redesigned
international monetary system that would be compatible with the new realities of the 21st Century.
It is the end of the line for the USD. It is not a matter of if, but when.
Since the economic crisis began in 2007, many experts and economists have been surmising that the US dollar is at high risk of losing its reserve
currency status. That other nations, seeing the risk of the US inflating their way out of debt troubles will find another reserve currency to use.
This would greatly impact the US and perhaps cripple all economic recovery efforts
Now the US are inflating their way out of debt. They are trying to rip us all off as usual. Other nations are finding another reserve to use. The US
is doomed. Fact.
edit on 17-6-2012 by Germanicus because: (no reason given)