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End Of The Dollar: End of America

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End Of The Dollar: End of America

Postby AaronTheSnob » Wed Jun 17, 2009 12:29 pm

This is chilling, should be required reading for every US citizen. Even if only a fraction of it comes to pass, we are headed for disaster.


http://www.commondreams.org/view/2009/06/15-0
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Re: End Of The Dollar: End of America

Postby fisticuffs » Wed Jun 17, 2009 1:00 pm

Chris Hedges wrote:

Well, it's a well known fact, Sonny Jim, that there's a secret society of the five wealthiest people in the world, known as The Pentavirate, who run everything in the world, including the newspapers, and meet tri-annually at a secret country mansion in Colorado, known as The Meadows.


Why Chris who makes up this Pentavirate?

The Queen, The Vatican, The Gettys, The Rothschilds, *and* Colonel Sanders before he went tits up. Oh, I hated the Colonel with is wee *beady* eyes, and that smug look on his face. "Oh, you're gonna buy my chicken! Ohhhhh!"


Seriously. First sentence this guy blames the guy who has been in office for all of 5 months. He goes on about our "War Economy" but fails to mention once who it was that started those wars.
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Re: End Of The Dollar: End of America

Postby TAsunder » Wed Jun 17, 2009 1:07 pm

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Re: End Of The Dollar: End of America

Postby Chuck_Schick » Wed Jun 24, 2009 10:03 am

TAsunder wrote:overblown paranoia, it seems.

From a well established moron like AaronTheSnob?

No fucking way, dude.
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Re: End Of The Dollar: End of America

Postby Bwis53 » Wed Jun 24, 2009 10:35 am

Five people are allowing a hellofalotta chaos. Do they plan to hitch a ride on a comet?
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Re: End Of The Dollar: End of America

Postby fisticuffs » Wed Jun 24, 2009 10:39 am

Five people are allowing a hellofalotta chaos. Do they plan to hitch a ride on a comet?


They do have some underlings they can rely on for certain tasks. Governor Sanford just visited them this weekend.
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Re: End Of The Dollar: End of America

Postby Stella_Guru » Thu Jun 25, 2009 7:50 am

AaronTheSnob wrote:This is chilling, should be required reading for every US citizen. Even if only a fraction of it comes to pass, we are headed for disaster.


http://www.commondreams.org/view/2009/06/15-0

Fear is the new beauty.
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Re: End Of The Dollar: End of America

Postby Cortez » Sun Jun 28, 2009 2:07 pm

Well it is news. It is indeed China's goal to replace the dollar in this capacity. There have been a few statements now, and some support. Perhaps justified support and while one may not be able to accurately predict whether it will happen or not, there is a certain degree of likelihood that it will indeed come to pass. China and Russia are on the rise while we're on a steady decline. Unlike our nation those countries are not inclined to tie their own arms behind their backs as a prerequisite for competition.

Random thoughts:

China is poised to soak up even more of the US's dying steel trade following a certain dysfunctional bill now aimed at the senate - we'll pay them for more of our steel, producing less of it ourselves, a deadly blow to our economy and a very ironic one considering that they will produce it in absence of even 25% of the pollution-oriented restrictions we currently operate under. (Again, "unlike our nation those countries are not inclined to tie their own arms behind their backs as a prerequisite for competition".)

The power of our government increases in relation to its citizens and decreases in relation to the world at large. Good for the ruling party, bad for the country. Powerful to us, weak to the world.

I believe the drastically shrunken middle class will continue to shrink - drastically. By the end of two terms, people will have a hard time remembering the taste and the feel of the prosperity that they vaguely recall voting for. We may end up with a large "poverty-class" who will have spent almost two decades in such harsh economic conditions that they become, dare I say (dangerously) ignorant and easy to (politically) manipulate to an extent we've yet to imagine. Powerful government + sustained weak economy = a very dark age in American life.

"“This means the end of the dollar,” Hudson told me. “It means China, Russia, India, Pakistan, Iran are forming an official financial and military area to get America out of Eurasia. The balance-of-payments deficit is mainly military in nature. Half of America’s discretionary spending is military. The deficit ends up in the hands of foreign banks, central banks. They don’t have any choice but to recycle the money to buy U.S. government debt."

My instant impression: "the system is breaking". That may be the hallmark of very negative world developments.

“China is trying to get rid of all the dollars they can in a trash-for-resource deal,” Hudson said. “They will give the dollars to countries willing to sell off their resources since America refuses to sell any of its high-tech industries, even Unocal, to the yellow peril. It realizes these dollars are going to be worthless pretty quickly.”

Disassembling that statement... China may be reacting via a much clearer view of the impending decline of our dollar than our citizens are generally afforded. Money talks.

As a note for all the immediate naysayers, this article's primary source is Michael Hudson:

"President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Super-Imperialism: The Economic Strategy of American Empire (1968 and 2003) and of The Myth of Aid (1971)."
"
In 2007, Dr. Hudson was Chief Economic Policy Adviser
for the Kucinich for President campaign.
He is now writing a new tax policy for the United States."

He knows. We don't.

Cortez.
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Re: End Of The Dollar: End of America

Postby O.J. » Wed Jul 15, 2009 9:41 am

You can step back off that ledge a little bit, Aaron.

http://www.thebigmoney.com/features/tod ... -greenback
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Re: End Of The Dollar: End of America

Postby IamAloneInTheWorld » Wed Jul 15, 2009 10:17 pm

Cortez wrote:Well it is news. It is indeed China's goal to replace the dollar in this capacity. There have been a few statements now, and some support. Perhaps justified support and while one may not be able to accurately predict whether it will happen or not, there is a certain degree of likelihood that it will indeed come to pass. China and Russia are on the rise while we're on a steady decline. Unlike our nation those countries are not inclined to tie their own arms behind their backs as a prerequisite for competition.

Random thoughts:

China is poised to soak up even more of the US's dying steel trade following a certain dysfunctional bill now aimed at the senate - we'll pay them for more of our steel, producing less of it ourselves, a deadly blow to our economy and a very ironic one considering that they will produce it in absence of even 25% of the pollution-oriented restrictions we currently operate under. (Again, "unlike our nation those countries are not inclined to tie their own arms behind their backs as a prerequisite for competition".)

The power of our government increases in relation to its citizens and decreases in relation to the world at large. Good for the ruling party, bad for the country. Powerful to us, weak to the world.

I believe the drastically shrunken middle class will continue to shrink - drastically. By the end of two terms, people will have a hard time remembering the taste and the feel of the prosperity that they vaguely recall voting for. We may end up with a large "poverty-class" who will have spent almost two decades in such harsh economic conditions that they become, dare I say (dangerously) ignorant and easy to (politically) manipulate to an extent we've yet to imagine. Powerful government + sustained weak economy = a very dark age in American life.

"“This means the end of the dollar,” Hudson told me. “It means China, Russia, India, Pakistan, Iran are forming an official financial and military area to get America out of Eurasia. The balance-of-payments deficit is mainly military in nature. Half of America’s discretionary spending is military. The deficit ends up in the hands of foreign banks, central banks. They don’t have any choice but to recycle the money to buy U.S. government debt."

My instant impression: "the system is breaking". That may be the hallmark of very negative world developments.

“China is trying to get rid of all the dollars they can in a trash-for-resource deal,” Hudson said. “They will give the dollars to countries willing to sell off their resources since America refuses to sell any of its high-tech industries, even Unocal, to the yellow peril. It realizes these dollars are going to be worthless pretty quickly.”

Disassembling that statement... China may be reacting via a much clearer view of the impending decline of our dollar than our citizens are generally afforded. Money talks.

As a note for all the immediate naysayers, this article's primary source is Michael Hudson:

"President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Super-Imperialism: The Economic Strategy of American Empire (1968 and 2003) and of The Myth of Aid (1971)."
"
In 2007, Dr. Hudson was Chief Economic Policy Adviser
for the Kucinich for President campaign.
He is now writing a new tax policy for the United States."

He knows. We don't.

Cortez.


This is what happens when

1.) You outsource all the manufacturing and telecommunication jobs from a country where there are millions of unemployed disenfranchised people (all for a tax break).

2.) You become complacent and cowardly.

3.) You continue to play the game of politics even when your own party is acting against your interests simply bec you subscribe to the same religion and or/views.

4.) You continue to bury yourself in debt in an economy built on debt (ie taking your money).

5.) You let all of the above happen.

Here's an idea. STOP SPENDING MONEY. Money talks, bullshit walks.

I'm not spending an extra dime on anything for any reason. I only care about the bare necessities now.
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