Hint: You don't need to be a Libertarian to see the truth of this video, in fact it is better if you are not caught up in that lalaland. - Virginia
NewAmericaNow on Jun 26, 2011
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Read and occasionally paraphrased from an article
Written By :
Silver Shield
Titled: Top 5 Places NOT To Be When The Dollar Collapses
http://dont-tread-on.me/
My apologies for not originally giving him credit for the written material. My motives are purely to sound the alarm in a way to awaken the masses to the dangers we most certainly face. Thank you Silver Shield for your understanding ;-)
The dollar collapse will be the single largest event in human history. This will be the first event that will touch every single living person in the world. All human activity is controlled by money. Our wealth,our work,our food,our government,even our relationships are affected by money.
No money in human history has had as much reach in both breadth and depth as the dollar. It is the de facto world currency.
All other currency collapses will pale in comparison to this big one. All other currency crises have been regional and there were other currencies for people to grasp on to.
This collapse will be global and it will bring down not only the dollar but all other fiat currencies,as they are fundamentally no different. The collapse of currencies will lead to the collapse of ALL paper assets.
USuncutMN says: Tax the corporations! Tax the rich! Stop the cuts, fight for social justice for all. Standing in solidarity with http://www.usuncut.org/ and other Uncutters worldwide. FIGHT for a Foreclosure Moratorium! Foreclosure = homelessness. Resist the American Legislative Exchange Council, Grover Norquist and Citizen's United. #Austerity for the wheeler dealers, NOT the people.
USuncutMN supports #occupyWallStreet, #occupyDC, the XL Pipeline resistance Yes, We, the People, are going to put democracy in all its forms up front and center. Open mic, diversity, nonviolent tactics .. Social media, economic democracy, repeal Citizen's United, single-payer healthcare, State Bank, Operation Feed the Homeless, anti-racism, homophobia, sexISM, war budgetting, lack of transparency, et al. Once we identify who we are and what we've lost, We can move forward.
Showing posts with label US dollar. Show all posts
Showing posts with label US dollar. Show all posts
Tuesday, September 13, 2011
Monday, September 12, 2011
A shortage of dollars?: Real Econ TV
I wasn't on FB, twitter or even blogging much a year ago (www.ladybroadoak.blogspot.com) BUT I pointed all this out back then myself .. Virginia
From Real Econ -
We ran this video about a year ago and many thought
it was extreme.
How extreme does it seems today?
The Euro heading off a cliff? Dollars to become
the golden boy again?
Video:
http://www.realecontv.com/
Ken McCarthy
Real Econ TV
1. How is the Euro system going to survive when its members skirt default and can't adjust their economies because the currency they use is not under their control?
2. What happens if the slowdown in the US (China's biggest customer) starts taking down China's economy?
3. How is the world economy going to deal with the shortage of US dollars?
The third question might seem the most outlandish, but if you take away current currency prices (as of 9/27/2010) and some (but not all) commodity markets there is already CLEARLY a shortage of US dollars.
Want proof?
Try to trade real estate for dollars in the US especially California. Florida and Nevada. Try to get yield from US Treasuries. In these massive markets, the dollar is quite scarce (and valuable) in comparison indeed.
How much of the boom in certain commodity prices like gold is the result of hedge funds and big banks seeking short term momentum returns on easy terms money - and what happens when that game is over?
Think long and hard about the US dollar. It may in fact look shabby in the short term and be hopeless in the long term, but if the Euro Zone, China and commodity prices hit the wall, who's going to be the fairest of them all?
Sometimes the winner is the investment that stinks the least and strangely perhaps to those who have thought it all thew way through, while the dollar may be a dead man walking, it may be prove in the next coming years to be the most sought after currency on the planet.
For more Capital market collapse videos, click here
Wednesday, September 7, 2011
Repost: Michael Hudson - US Black Debt Hole
I am reposting this as it is time to keep what Dr. Hudson's analysis in full view. CONgress is back in session and the storm of fighting is about to take off again.
It will appear to be Obama versus the Republicans (backed up by Democratic Party support) - but the fight is much, much larger. It's the ability to maintain a middle class without everyone having to join the military to have money versus bank$ter$ and very infantile economics understanding.
The new excuse for Obama's failure to rein in the military over WAR CRIME is that he was afraid of a coup by the military. Personally, I cannot see anyway we are going to see one anyway as the military brass is not so stoopid as to NOT understand the effects of #austerity on the American population. The military has no interest in giving up basic American resources to foreigners.
Instead, the US plan has been to quietly and roughly, fold Canada into being the next neoliberal colony. Canada has been militarized exponentially.
Barry and Co. have trotted the globe trying to prop up the sagging dollar for over a year. They've taken over Canada behind the scenes for the resources there and driven Mexico into a hostage for drugs and Big Corporative rule. But they are far from having built-in stability.
Watch what is happening in the Eurozone which should have given Robert Rubin and his pathetic economic coup pause for thought! Banks are going to need recapitalization. We are headed swiftly toward #GFC2 (global financial/fiscal crisis 2) and there is not much to be done about it. Sueing 17 banks isn't going to "cut it."
The global fight back is ON. Egypt, Tunisia, (no, NOT Libya), Israel, Syria, Yemen, Greece, Spain, Bahrain, Ireland, the UK - the list is very long of those who aren't "having it" anymore. Merkel is about to be thrown out of office; she's lost her business base.
I could rabbit on about the military "culture" of America which is not an attractive portrait. Instead of creating China into the new monster to be fought after Osama bin Laden, we were given Libya - a country in which Chinese cooperation with Khaddafi was in full swing. Losing their resources, bought and paid for, in Libya is not going to make the Chinese leadership "happy." Talk about disequalibrium!
Anyway, I post this an important backgrounder. Bear what he is saying in mind. This is not "stale" - it's
simply the TRUTH.
It will appear to be Obama versus the Republicans (backed up by Democratic Party support) - but the fight is much, much larger. It's the ability to maintain a middle class without everyone having to join the military to have money versus bank$ter$ and very infantile economics understanding.
The new excuse for Obama's failure to rein in the military over WAR CRIME is that he was afraid of a coup by the military. Personally, I cannot see anyway we are going to see one anyway as the military brass is not so stoopid as to NOT understand the effects of #austerity on the American population. The military has no interest in giving up basic American resources to foreigners.
Instead, the US plan has been to quietly and roughly, fold Canada into being the next neoliberal colony. Canada has been militarized exponentially.
Barry and Co. have trotted the globe trying to prop up the sagging dollar for over a year. They've taken over Canada behind the scenes for the resources there and driven Mexico into a hostage for drugs and Big Corporative rule. But they are far from having built-in stability.
Watch what is happening in the Eurozone which should have given Robert Rubin and his pathetic economic coup pause for thought! Banks are going to need recapitalization. We are headed swiftly toward #GFC2 (global financial/fiscal crisis 2) and there is not much to be done about it. Sueing 17 banks isn't going to "cut it."
The global fight back is ON. Egypt, Tunisia, (no, NOT Libya), Israel, Syria, Yemen, Greece, Spain, Bahrain, Ireland, the UK - the list is very long of those who aren't "having it" anymore. Merkel is about to be thrown out of office; she's lost her business base.
I could rabbit on about the military "culture" of America which is not an attractive portrait. Instead of creating China into the new monster to be fought after Osama bin Laden, we were given Libya - a country in which Chinese cooperation with Khaddafi was in full swing. Losing their resources, bought and paid for, in Libya is not going to make the Chinese leadership "happy." Talk about disequalibrium!
Anyway, I post this an important backgrounder. Bear what he is saying in mind. This is not "stale" - it's
simply the TRUTH.
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