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The world is dumping the U.S. dollar

- "President Barack Obama’s effort to lead the world economic recovery by spending the U.S. out of its recession is undermining the dollar..."... Read full article »
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  • USAF Vet Dan 2009/10/13 16:18:51 (edited)
    USAF Vet Dan
    +29
    The intentional debasing / erosion of the US dollar is rooted far beyond Obama, Bush, etc. "Change" is a comin'... change of a nature and scope that requires an economic crisis of unseen proportion. As Rahm Emanuel said, "Never waste a good crisis".

    This intentional crisis will consist of the total collapse of the dollar and therefore our economy, as well as the global economy. It is inevitable in view of the debt we've accumulated, the seemingly idiotic (but actually intentional) act by Obama and Congress of quadrupling the deficit in this economic environment, and the Federal Reserve's debasing of the dollar which will lead to nothing else but massive inflation or perhaps even hyper-inflation.

    The manufactured crisis will open the door to either a regional currency (i.e., the Amero) or perhaps (and more likely) a global currency. With such global currency comes global government - the goal behind the intentional destruction of our economy.

    Starving people will, as evidenced by the Great Depression, gladly accept this "change" as an alternative to the unimaginable human misery, hunger, riots, martial law, etc.

    Change is a comin'... but not the kind of change people thought they were getting with an Obama presidency.

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Opinions

  • jr 2009/10/13 16:24:08
    jr
    +10
    I see these socialist idiots are achieving their goal of taking this imperialist country down. Health care and cap- trade legislation should finish us off.

    achieving goal imperialist country health care cap- trade legislation finish
  • hook 2009/10/13 16:22:41
    hook
    +7
    thanks barry! are you happy now?
  • Dan (Politicaly Incorrect) 2009/10/13 16:22:33
    Dan (Politicaly Incorrect)
    +14
    Obama hates America and everything about it. He is succeeding in destroying the American economy and he will rebuild it into his Socialist eutopia. obama hates america succeeding destroying american economy rebuild socialist eutopia obama hates america succeeding destroying american economy rebuild socialist eutopia
  • Joey Tr... Dan (Po... 2010/01/27 03:23:46
    Joey Tranchina
    You are insane.
  • Dan (Po... Joey Tr... 2010/01/27 04:04:49
    Dan (Politicaly Incorrect)
    +1
    Prove me wrong instead of saying I'm insane.
  • Joey Tr... Dan (Po... 2010/08/10 19:36:48
    Joey Tranchina
    The proof of your insanity is in your sick message. It would simply be stupid if it were not quite so ugly and self-deluded... get help you are not dealing in the realm of political reality..
  • Dan (Po... Joey Tr... 2010/08/11 02:47:44
    Dan (Politicaly Incorrect)
    +1
    Just because YOU say my message is sick does not make it so. What I say on the other hand is proven by what Barry Soetoro AKA Barack H. Obama is doing.
    1. Disrespecting America overseas
    2. Destroying the economy by pushing carbon taxes and passing his Un Constitutional healthcare Bill
    3. Going on vacations instead of Governing.
    4. Ignoring the will of the people.
    I can go on.

    Now, Prove that I'm wrong.
  • Joey Tr... Dan (Po... 2011/02/08 13:23:49
    Joey Tranchina
    +1
    I can't prove that you are wrong. You're too stupid to see that you are a bigot. Bigots are never wrong.
  • Dan (Po... Joey Tr... 2011/02/13 17:15:03
    Dan (Politicaly Incorrect)
    +1
    So, just because I point out facts makes me a bigot?
  • Cal ~ Pegleg4570 ~ 2009/10/13 16:20:59
    Cal ~ Pegleg4570 ~
    +9
    Thank you Obie 1
  • REFUSENICK1967 2009/10/13 16:19:42
    REFUSENICK1967
    +4
    China is moving its vast currency reserves into yet another commodity sector. This time, it's the Canadian oil sands, via a majority stake in two Athabasca Oil Sands Corp projects. State-owned oil company PetroChina has completed a deal to purchase a 60% interest in the McKay River and Dover projects for more than $1.9 Trillion.10year Outlook, It's a huge stake in one of the world's most valuable oil fields.The chines government told they do not have to honer ,Corrupter federal reserve notes,Also known as the U.S,Dollar
  • dfree REFUSEN... 2009/10/13 17:19:29
    dfree
    +3
    dude this i qutie the interesting post...been waiting for the chinaman to move on this property...is "ft. McMurray" in this aqquisiton!!??

    a bunch of oil...but to extract it..well..they are sneaking up on a feasible/cost effective application
  • REFUSEN... dfree 2009/10/13 17:46:50
    REFUSENICK1967
    +2
    They have the equipment,From a German company,They squeeze the sand,For each Metric ton of sand the yield is 35%,a And there is a possible 8 Billion Barrels of oil there,
  • dfree REFUSEN... 2009/10/13 17:56:56
    dfree
    +3
    ft macmurray..=1.2 trillion?/was a stat i remember..cool dude thanks...this is not reported anywhere...cnbc..foxbusines
  • REFUSEN... dfree 2009/10/13 18:08:37
    REFUSENICK1967
    +2
    The 8 billion would be the yield for the 1st year,Easily a trillion over a 10 year forecast
  • USAF Vet Dan 2009/10/13 16:18:51 (edited)
    USAF Vet Dan
    +29
    The intentional debasing / erosion of the US dollar is rooted far beyond Obama, Bush, etc. "Change" is a comin'... change of a nature and scope that requires an economic crisis of unseen proportion. As Rahm Emanuel said, "Never waste a good crisis".

    This intentional crisis will consist of the total collapse of the dollar and therefore our economy, as well as the global economy. It is inevitable in view of the debt we've accumulated, the seemingly idiotic (but actually intentional) act by Obama and Congress of quadrupling the deficit in this economic environment, and the Federal Reserve's debasing of the dollar which will lead to nothing else but massive inflation or perhaps even hyper-inflation.

    The manufactured crisis will open the door to either a regional currency (i.e., the Amero) or perhaps (and more likely) a global currency. With such global currency comes global government - the goal behind the intentional destruction of our economy.

    Starving people will, as evidenced by the Great Depression, gladly accept this "change" as an alternative to the unimaginable human misery, hunger, riots, martial law, etc.

    Change is a comin'... but not the kind of change people thought they were getting with an Obama presidency.
  • jo USAF Ve... 2009/10/13 16:41:30
    jo
    +7
    so how do we stop it? or can we?

    so much for the reports yesterday that the recession is "over." (yet job losses are still expected to mount...)
  • johngoo... jo 2009/10/13 17:09:17
    johngoodboy
    +14
    Get rid of the Federal Reserve. And run the country the way the constitution states.
  • USAF Ve... jo 2009/10/13 18:00:27 (edited)
    USAF Vet Dan
    +12
    We have to get control of the rogue federal government as quickly as possible. As I see it, there are at least three things that can be done in concert.

    1.) Use the power of the States to shut off the flow of income tax to the federal government. If that sounds "far fetched", remember that 20 states have passed state sovereignty resolutions in an attempt to re-declare the powers of the 10th Amendment. The strategy I propose goes beyond the resolution's "statement" of sovereignty, it firmly reasserts it. Read about it here http://www.sodahead.com/unite...

    2.) As johngoodboy said in his reply to you, "get rid of the Federal Reserve". Congressman Ron Paul's HR 1207 and its companion bill in the Senate S 608 will, if passed, force a complete audit of the Fed. This will certainly result in a demand to end the Fed and, therefore, the primary tool that is being used to destroy the dollar and our economy. It will also expose / connect the Elite who are behind this grand nefarious scheme.

    3.) Get as many pro-constitutional candidates on the ballot for 2010. That means we have to succeed in the primary elections for if we wait until the general election, we'll only have the pre-ordained "lessor of two evils" foisted upon us by the co-opted RepubliCrat parties. Because only a frac...

    We have to get control of the rogue federal government as quickly as possible. As I see it, there are at least three things that can be done in concert.

    1.) Use the power of the States to shut off the flow of income tax to the federal government. If that sounds "far fetched", remember that 20 states have passed state sovereignty resolutions in an attempt to re-declare the powers of the 10th Amendment. The strategy I propose goes beyond the resolution's "statement" of sovereignty, it firmly reasserts it. Read about it here http://www.sodahead.com/unite...

    2.) As johngoodboy said in his reply to you, "get rid of the Federal Reserve". Congressman Ron Paul's HR 1207 and its companion bill in the Senate S 608 will, if passed, force a complete audit of the Fed. This will certainly result in a demand to end the Fed and, therefore, the primary tool that is being used to destroy the dollar and our economy. It will also expose / connect the Elite who are behind this grand nefarious scheme.

    3.) Get as many pro-constitutional candidates on the ballot for 2010. That means we have to succeed in the primary elections for if we wait until the general election, we'll only have the pre-ordained "lessor of two evils" foisted upon us by the co-opted RepubliCrat parties. Because only a fraction of voters vote in the primaries, a well organized effort to put "real" candidates on the ballot is possible.

    Please excuse this over-simplified reply to your question. I really cannot do it justice with a mere comment reply, but I hope that helps get you thinking.
    (more)
  • lifelov... USAF Ve... 2009/10/14 10:25:49 (edited)
    lifelovefreedom
    +3
    Great Post Thanks! Not only to get people thinking, but to give direction to actions we can all take to make this happen.

    "Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty."

    —Thomas Jefferson

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Daryl

Daryl

United States

2007/01/24 04:53:33

That's my deer

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