It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
The reason is simply that the other three big economies of the world—Japan, China and Europe—are in even more disastrous condition. Worse still, their governments and central banks are actually more clueless than Washington, and are conducting policies that are flat out lunatic—–meaning that their faltering economies will be facing even more destructive punishment from policy makers in the days ahead.
originally posted by: lordcomac
Fiat currency always fails, and always will.
It's world wide now- very few people pull all of the strings, and now they they've got everything they could ever want... They're pushing for worldwide economic collapse.
Then a NWO can emerge for a single worldwide government.
originally posted by: TinfoilTP
Yadda yadda foreign debt....what people fail to realize is we could just stop recognizing our debt and back that up with the military and there wouldn't be anything anyone could do about it. So basically the US gives others the privilege to carry our debt and collect interest from us until such time as we want to remove that privilege.
originally posted by: Cygnis
originally posted by: TinfoilTP
Yadda yadda foreign debt....what people fail to realize is we could just stop recognizing our debt and back that up with the military and there wouldn't be anything anyone could do about it. So basically the US gives others the privilege to carry our debt and collect interest from us until such time as we want to remove that privilege.
The down-side to that is, we rely on other countries for many of our commodities, like food, and many of our goods.
We import more stuffs then we export. (At least when it comes to cheap plastic, and bananas).
So by doing that, we'd basically hang ourselves.
I can see that being a plausible option, if we had been bolstering our own in-country growth and farming, etc. But we simply haven't and with the drought on the west coast, even more so..
originally posted by: TinfoilTP
originally posted by: Cygnis
originally posted by: TinfoilTP
Yadda yadda foreign debt....what people fail to realize is we could just stop recognizing our debt and back that up with the military and there wouldn't be anything anyone could do about it. So basically the US gives others the privilege to carry our debt and collect interest from us until such time as we want to remove that privilege.
The down-side to that is, we rely on other countries for many of our commodities, like food, and many of our goods.
We import more stuffs then we export. (At least when it comes to cheap plastic, and bananas).
So by doing that, we'd basically hang ourselves.
I can see that being a plausible option, if we had been bolstering our own in-country growth and farming, etc. But we simply haven't and with the drought on the west coast, even more so..
We can produce enough food for the US many times over, and we do every year. The rest of the world would be down the poop shoot if they lost our bread basket.
originally posted by: TinfoilTP
Yadda yadda foreign debt....what people fail to realize is we could just stop recognizing our debt and back that up with the military and there wouldn't be anything anyone could do about it. So basically the US gives others the privilege to carry our debt and collect interest from us until such time as we want to remove that privilege.
originally posted by: asmall89
I don't know, I think we're in just as bad as shape as everyone else. 0 percent interest rates and 3 rounds of QE is just as bad or worse than what Europe is going through. People are just panicking and dumping into the dollar because they think it's safe, when in reality it's just as bad as the Euro...
There are other safer currencies to go to besides the dollar, Euro, and yuan.
China “Actively Communicating with IMF to Include Yuan in SDR Basket Currency”
Last week, reports circulated that China was positioning itself to become the world’s next reserve currency, and even putting up billboards advertising the global importance of the renminbi to travelers in the Asian world.
Now, China is making public moves to make that a formal reality – a process that has been going on behind the scenes at least since the 2008 financial crisis. China’s leaders are reportedly in talks with the IMF about the process of drafting the renminbi into the Special Drawing Rights (SDR) basket of currencies, which include the U.S. dollar, the British pound, the Euro and the Japanese yen.
originally posted by: Cygnis
Hello ATS,
So, this article I found, that was just published moments ago, sheds some interesting light on why the US dollar (Petrodollar) is gaining.
Article
The reason is simply that the other three big economies of the world—Japan, China and Europe—are in even more disastrous condition. Worse still, their governments and central banks are actually more clueless than Washington, and are conducting policies that are flat out lunatic—–meaning that their faltering economies will be facing even more destructive punishment from policy makers in the days ahead.
It seems, all is not as one would believe.
From this article, we're all basically doomed, one way or another. We've stuffed the coffers so full of I.O.U.s that there is simply NO WAY to correct things, because people wouldn't do the right thing DECADES ago. Kicking the can down the street has led us to this disaster.
No one is safe from this, because when it all goes, who knows what will happen.
Perhaps this is why Germany is quietly cozying up to Russia?
Perhaps this will be the ultimate reason we all go to war?
Perhaps the best we can do is go back, and think very locally.
Perhaps we are all just doomed because of policies enacted back in 1913.. At which point, FIAT currency should be doomed for a long time to come, as people realize that it's all Bull#### and smoke and mirrors. Fractional Reserve banking and Fiat currency have never lasted in any iteration, for very long.
originally posted by: Cygnis
Have to kill off a lot of people first.. 9 billion people is too much to control.
Is why I suspect a massive, global war to be in the very, very near future.
Then the NWO, and Agenda 21, etc.
originally posted by: asmall89
a reply to: wasaka
Yep, I think that's the logical next move for them.
The Euro is unraveling fast, in fact I can't believe how quickly it's happening. I'm not sure what's going to be the end result of this but I imagine Germany doesn't want to keep hurting their economy by being part of the Eurozone. The Euro has lost more than 25% of it's value since I traveled to Ireland 2 years ago. Most of the decline has happened in the last year. That's crazy!
With the collapse of oil as well I think this just shows another decline is on it's way and who knows where that will take us... I imagine the Student Loan, Housing, and Auto Loan markets will play into this somehow.