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#1
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Dollar Crisis: None dare call it 'conspiracy'
Dollar Crisis: None dare call it ?conspiracy'
Global Research | November 11, 2007 Hal Lindsey Crude oil prices hit an all-time high this week, closing above $98 a barrel for the first time in history. According to the AAA, many drivers in my home state of California are already paying more than $4 a gallon for regular unleaded gas. And in one town south of Big Sur, unleaded gas topped $5 a gallon. The U.S. dollar is at an all-time low, even when compared against the hapless Canadian loonie. Five years ago, a loonie was worth 60 cents. Today, it's worth $1.12 and climbing. Yesterday, WorldNetDaily reported that the Chinese are considering abandoning the U.S. dollar as their national reserve currency. WND quoted Craig Smith's assessment of the consequences of such a move by Beijing on our economy: ?If that were to happen, all bets are off, and we will be in a depression that makes 1929 look like child's play, or we will experience Weimar Republic inflation as the dollar makes extreme moves toward devaluations.? On Tuesday, the U.S. national debt topped $9 trillion for the first time in history, according to the U.S. Treasury Department's daily accounting of the national debt. Nine trillion dollars! The number is so staggeringly high that it exceeds our ability to comprehend it in monetary units. Million, billion, trillion ? in financial terms, for most of us, it means a lot of money, really a lot of money, but that is about as specific a picture as most ordinary people can grasp. Let's put all these ?illions? into perspective. A million seconds is roughly 12 days, whereas a billion seconds is approximately 32 years. We understand dollars. And we understand time. So it would take 12 days to pay back a million dollars at a dollar a second. But if you started right now, you'd pay back a BILLION dollars, at a dollar a second, in the year 2039. A trillion seconds is roughly 32 thousand years. At a dollar a second, you'd pay back a TRILLION dollars in the year 34007. The U.S. debt stands at $9 trillion. If my calculator is working, then at a dollar a second, the U.S. could be debt- free in the year 290007. The point of that little exercise was two-fold. The first was to clarify the sheer volume of the debt; the second was to demonstrate the possibility that anybody in government really believes we can ever pay it off. Each U.S. citizen's share of the national debt works out, according to the National Debt clock, to $29,947.50. That means the average American family of five owes, collectively, $149,737.50. It also means that unless the average American family of five has a net worth of at least $149,737,50 in assets excluding liabilities (they don't), America is already bankrupt. Over the past few years, there has been growing public concern about the emerging ?Security and Prosperity Partnership? plan that some say is really a ?deceptive roadmap? to a coming North American Union and a new, unified currency tentatively called the ?amero.? The feds steadfastly deny such a plan exists, even as it opens the borders to Mexican truck traffic, widens the I-35 corridor from Mexico to Canada and, counterintuitively, refuses to tighten the borders with either Mexico or Canada, despite both logic and widespread public demand. All of these things have brought me to believe that powerful forces outside of our government ? like the shadowy international Money Trust members of the ?Bilderberg Group? ? made a decision to force the formation of the North American Union along with the amero. There decisions have been instituted in the past via the Trilateral Commission, which is the dba for the nefarious Conference on Foreign Relations. Destroying the American dollar could force the crisis that would force the creation of the North American Union. To quote the title of a book of the 1960s era, ?None Dare Call It Conspiracy.? Ordinary Americans may not fully grasp just how dire the true economic picture is, but you can bet our leaders do. Yet from the White House to the Federal Reserve, nobody seems particularly eager to address the issue, preferring instead to talk about the ?budget,? as if the budget WERE the debt, rather than merely a measure of our ability to keep up with our payments on the debt. It is almost as if they already have a Plan B in reserve, ready and waiting to be triumphantly introduced ? just in the nick of time. I wonder what it might be? http://infowars.com/articles/economy...conspiracy.htm |
#2
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Dollar Crisis: None dare call it 'conspiracy'
YTR wrote
Dollar Crisis: There is no 'crisis', fool. |
#3
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Dollar Crisis: None dare call it 'conspiracy'
On Nov 13, 1:38 am, YTR wrote:
Dollar Crisis: None dare call it ?conspiracy' Global Research | November 11, 2007 Hal Lindsey Crap snipped I wonder what it might be? First of all - is this the same Hal Lindsey who predicted Armageddon would be one generation since the formation of Israel? Secondly, his facts are exagerated - The Loonie was never as low as 60 cents - the all time low is .6279 - and trust me 3% is a big deal. It has also never been as high as Lindsey says in recent history. It almost made 1.10 recently , but no one thinks it will stay there. So right off the bat I don't trust him. And oil prices look to come down - which is one of the reasons the loonie is sliding down to 1.05. James |
#4
Posted to sci.econ,misc.taxes,misc.consumers.house,misc.consumers,misc.consumers.frugal-living
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Dollar Crisis: None dare call it 'conspiracy'
On Mon, 12 Nov 2007 22:38:23 -0800, YTR wrote:
Dollar Crisis: None dare call it ?conspiracy' Global Research | November 11, 2007 Hal Lindsey Crude oil prices hit an all-time high this week, closing above $98 a barrel for the first time in history. According to the AAA, many drivers in my home state of California are already paying more than $4 a gallon for regular unleaded gas. And in one town south of Big Sur, unleaded gas topped $5 a gallon. The U.S. dollar is at an all-time low, even when compared against the hapless Canadian loonie. Five years ago, a loonie was worth 60 cents. Today, it's worth $1.12 and climbing. Yesterday, WorldNetDaily reported that the Chinese are considering abandoning the U.S. dollar as their national reserve currency. WND quoted Craig Smith's assessment of the consequences of such a move by Beijing on our economy: ?If that were to happen, all bets are off, and we will be in a depression that makes 1929 look like child's play, or we will experience Weimar Republic inflation as the dollar makes extreme moves toward devaluations.? Why do you and others believe that there is nothing in between these two disasters? Calm and reasoned people do not see these boogermans lurking in the shadows. I too have in recent weeks been forecasting much higher prices and a lot less pleasure driving and general mobility. Fresh vegies and fruits and live lobsters will get quite pricey and dry "goods" will be but on the choo choo instead of being moved more quickly in all those big trucks. And there is going to be more actual work to do for Americans and less imports. This may not even qualify as a "recession", if it is managed properly. We will see how the "market" handles it and if the "government" (or what is left of it after the assault of the Republicans), is able to cope. On Tuesday, the U.S. national debt topped $9 trillion for the first time in history, according to the U.S. Treasury Department's daily accounting of the national debt. Nine trillion dollars! The number is so staggeringly high that it exceeds our ability to comprehend it in monetary units. Million, billion, trillion ? in financial terms, for most of us, it means a lot of money, really a lot of money, but that is about as specific a picture as most ordinary people can grasp. Let's put all these ?illions? into perspective. A million seconds is roughly 12 days, whereas a billion seconds is approximately 32 years. We understand dollars. And we understand time. So it would take 12 days to pay back a million dollars at a dollar a second. But if you started right now, you'd pay back a BILLION dollars, at a dollar a second, in the year 2039. A trillion seconds is roughly 32 thousand years. At a dollar a second, you'd pay back a TRILLION dollars in the year 34007. The U.S. debt stands at $9 trillion. If my calculator is working, then at a dollar a second, the U.S. could be debt- free in the year 290007. The point of that little exercise was two-fold. The first was to clarify the sheer volume of the debt; the second was to demonstrate the possibility that anybody in government really believes we can ever pay it off. Each U.S. citizen's share of the national debt works out, according to the National Debt clock, to $29,947.50. That means the average American family of five owes, collectively, $149,737.50. It also means that unless the average American family of five has a net worth of at least $149,737,50 in assets excluding liabilities (they don't), America is already bankrupt. Are you bankrupt because you owe $300k on your house? And even more to the point, what if you controlled the value of the dollars? What if you could just print the dollars and give every American citizen $200k? You'd then have a debt of $100k for eternity or until it was paid off. Based on the inflation that would be caused by this injection of money into the economy that debt would be quite manageable. This is the quandary of government. Let us hope that the current morons are up to the challenge. Over the past few years, there has been growing public concern about the emerging ?Security and Prosperity Partnership? plan that some say is really a ?deceptive roadmap? to a coming North American Union and a new, unified currency tentatively called the ?amero.? Now you are talking about something that the people can control. There are only a very few moonbats that want something like this. The rest of the American people want it stopped right here and right now. The "independent" Fed is a @#($^$%^#@^ myth. The Fed can be busted tomorrow. It _IS_ your government, or at least it was designed to be your government (follow the link in my signature). The feds steadfastly deny such a plan exists, even as it opens the borders to Mexican truck traffic, This is being contested in appropriations. This will be made illegal if you want your highway funds. widens the I-35 corridor from Mexico to Canada Oh give it a rest. You OBVIOUSLY have never driven I35 (especially in Texas). That route is sorely in need of enlargement. Whether Mexican trucks use it or American trucks use it is irrelevant. and, counterintuitively, refuses to tighten the borders with either Mexico or Canada, despite both logic and widespread public demand. Yes. This part is a true story. But enforcement of the current laws is the proper fix for this. The enforcement must be done at the employer level. No need for big armed raids and muscling of "illegals" on to the deportation bus and no need for a "Berlin Wall" between the USA and Mexico. Pat Buchanan has this one right. George Bush should be impeached for not enforcing current immigration law. That is his job as the executive. He is to enforce the laws. He can prance around blathering about a "guest worker program" all he pleases. But we don't currently have such a program (other than H1B ans that is being curtailed). And until we have such a program (which we hope is NEVER), he is constitutionally obligated ti enforce the current laws. Impeachment awaits those who ignore their Constitutional obligations. All of these things have brought me to believe that powerful forces outside of our government ? like the shadowy international Money Trust members of the ?Bilderberg Group? ? made a decision to force the formation of the North American Union along with the amero. There decisions have been instituted in the past via the Trilateral Commission, which is the dba for the nefarious Conference on Foreign Relations. Destroying the American dollar could force the crisis that would force the creation of the North American Union. To quote the title of a book of the 1960s era, ?None Dare Call It Conspiracy.? Ordinary Americans may not fully grasp just how dire the true economic picture is, but you can bet our leaders do. Yet from the White House to the Federal Reserve, nobody seems particularly eager to address the issue, preferring instead to talk about the ?budget,? as if the budget WERE the debt, rather than merely a measure of our ability to keep up with our payments on the debt. It is almost as if they already have a Plan B in reserve, ready and waiting to be triumphantly introduced ? just in the nick of time. I wonder what it might be? http://infowars.com/articles/economy...conspiracy.htm Why all the drama? Some people just MUST have boogermans and eeeeeeevvviiiieee lurking everywhere. I gots a news flash for everybody: There is most certainly evil in this world. Trying to defeat it through acts of war and fear and animosity will just add to the evil and create more of it. Those who would profit from the evil will ever stir up more of it. To be sure there are people with the talent and the brains and the time to profit from the conditions of this world and they will do so. That does not, in and of itself, make them evil. http://www.greatervoice.org/econ/glo...ristocracy.php http://www.greatervoice.org/econ/glo...Imperative.php -- "I know no safe depository of the ultimate powers of society but the people themselves; and if we think them not enlightened enough to exercise their control with a wholesome discretion, the remedy is not to take it from them, but to inform their discretion by education." - Thomas Jefferson http://GreaterVoice.org/extend |
#5
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Dollar Crisis: None dare call it 'conspiracy'
The Trucker wrote:
Why all the drama? Some people just MUST have boogermans and eeeeeeevvviiiieee lurking everywhere. It's the method of GW's leadership (much like the stereotypical Baptist minister) - Unless you agree 100% with GW, you will be going straight to hell. GW is here to protect you. If something goes wrong, it's all the democrat's fault. If you vote / express disbelief against GW, the sky will cave in, the stock market will crash and the world will come to and end. |
#6
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Dollar Crisis: None dare call it 'conspiracy'
British P.M. Gordon Brown said yesterday in his foreign policy speech ...
"...And in the years ahead - notwithstanding the huge shifts in economic influence underway - I believe that Europe and America have the best chance for many decades to achieve historic progress - working ever more closely together on the project of building a global society..." Full text of his speech... http://www.epolitix.com/EN/News/2007...f893ce002c.htm |
#7
Posted to sci.econ,misc.taxes,misc.consumers.house,misc.consumers,misc.consumers.frugal-living
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Dollar Crisis: None dare call it 'conspiracy'
Bill wrote:
British P.M. Gordon Brown said yesterday in his foreign policy speech ... "...And in the years ahead - notwithstanding the huge shifts in economic influence underway - I believe that Europe and America have the best chance for many decades to achieve historic progress - working ever more closely together on the project of building a global society..." Then he's a fool. The invasion of Iraq has eliminated that possibility for quite a while now. Full text of his speech... http://www.epolitix.com/EN/News/2007...f893ce002c.htm |
#8
Posted to sci.econ,misc.taxes,misc.consumers.house,misc.consumers,misc.consumers.frugal-living
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Dollar Crisis: None dare call it 'conspiracy'
On Tue, 13 Nov 2007 10:05:48 -0800, Bill wrote:
British P.M. Gordon Brown said yesterday in his foreign policy speech ... "...And in the years ahead - notwithstanding the huge shifts in economic influence underway - I believe that Europe and America have the best chance for many decades to achieve historic progress - working ever more closely together on the project of building a global society..." Full text of his speech... http://www.epolitix.com/EN/News/2007...f893ce002c.htm I didn't read all of it, but I think I got the big picture. What I can't understand is why rightarded American Republican assholes can't seem to understand stuff like this. Why they will take pieces out of context and attempt to declare some sort of threat to America. America was not designed for nor or we desirous of imperialism. The constant denigration of the UN is just the tip of the rightarded iceberg. The rightarded self serving brain dead tunnel-vision blindered mentality of the Republican order is amplified ignorance and stupidity on steroids. And until we get rid of His Assholiness and his "legacy" America will be nothing less than a drain on the entire world. -- "I know no safe depository of the ultimate powers of society but the people themselves; and if we think them not enlightened enough to exercise their control with a wholesome discretion, the remedy is not to take it from them, but to inform their discretion by education." - Thomas Jefferson http://GreaterVoice.org/extend |
#9
Posted to sci.econ,misc.taxes,misc.consumers.house,misc.consumers,misc.consumers.frugal-living
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Dollar Crisis: None dare call it 'conspiracy'
The Trucker wrote:
On Tue, 13 Nov 2007 10:05:48 -0800, Bill wrote: British P.M. Gordon Brown said yesterday in his foreign policy speech ... "...And in the years ahead - notwithstanding the huge shifts in economic influence underway - I believe that Europe and America have the best chance for many decades to achieve historic progress - working ever more closely together on the project of building a global society..." Full text of his speech... http://www.epolitix.com/EN/News/2007...f893ce002c.htm I didn't read all of it, but I think I got the big picture. Nope, you didnt. What I can't understand is why rightarded American Republican assholes can't seem to understand stuff like this. Its clear that fools like Brown dont understand anything at all. Least of all the fact that post Iraq what he wants to see aint gunna happen, BECAUSE of Iraq. Why they will take pieces out of context and attempt to declare some sort of threat to America. Corse there is some sort of threat to America. You did noticed 9/11 didnt you ? America was not designed for nor or we desirous of imperialism. Have fun explaining the Philipines. The constant denigration of the UN is just the tip of the rightarded iceberg. The rightarded self serving brain dead tunnel-vision blindered mentality of the Republican order is amplified ignorance and stupidity on steroids. Corse there never ever is anything like that anywhere else, eh ? And until we get rid of His Assholiness Thats going to happen without anything being done, he passes his useby date in about a year. and his "legacy" America will be nothing less than a drain on the entire world. It aint draining the entire world. If anything its benefitting the world as the USD sinks beneath the waves. |
#10
Posted to misc.taxes,misc.consumers.house,misc.consumers,misc.consumers.frugal-living
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Dollar Crisis: None dare call it 'conspiracy'
The Trucker wrote:
On Tue, 13 Nov 2007 10:05:48 -0800, Bill wrote: British P.M. Gordon Brown said yesterday in his foreign policy speech ... "...And in the years ahead - notwithstanding the huge shifts in economic influence underway - I believe that Europe and America have the best chance for many decades to achieve historic progress - working ever more closely together on the project of building a global society..." Full text of his speech... http://www.epolitix.com/EN/News/2007...f893ce002c.htm I didn't read all of it, but I think I got the big picture. What I can't understand is why rightarded American Republican assholes can't seem to understand stuff like this. Why they will take pieces out of context and attempt to declare some sort of threat to America. America was not designed for nor or we desirous of imperialism. The constant denigration of the UN is just the tip of the rightarded iceberg. The rightarded self serving brain dead tunnel-vision blindered mentality of the Republican order is amplified ignorance and stupidity on steroids. And until we get rid of His Assholiness and his "legacy" America will be nothing less than a drain on the entire world. There are pieces of "way out there" in the piece. Some basic premises are the truth, though. |
#11
Posted to sci.econ,misc.taxes,misc.consumers.house,misc.consumers,misc.consumers.frugal-living
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Dollar Crisis: None dare call it 'conspiracy'
"YTR" wrote in message oups.com... Dollar Crisis: None dare call it ?conspiracy' Infowars is such a credible site LOL. |
#12
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Dollar Crisis: None dare call it 'conspiracy'
Yesterday, WorldNetDaily reported that the Chinese are considering abandoning the U.S. dollar as their national reserve currency. WND quoted Craig Smith's assessment of the consequences of such a move by Beijing on our economy: ?If that were to happen, all bets are off, and we will be in a depression that makes 1929 look like child's play, or we will experience Weimar Republic inflation as the dollar makes extreme moves toward devaluations.? Or an unprecedented surge in U.S. exports as Beijing finally gives up on artifically inflating the value of the dollar to make Chinese exports more attractive on world markets? The U.S. debt stands at $9 trillion. If my calculator is working, then at a dollar a second, the U.S. could be debt- free in the year 290007. The point of that little exercise was two-fold. The first was to clarify the sheer volume of the debt; the second was to demonstrate the possibility that anybody in government really believes we can ever pay it off. Why exactly would we try to pay anything off at a dollar a second? That's a vanishingly small amount of money for an economy as large as ours. If I were trying to pay off a mortgage of $150,000, I'd come up with a payment plan, not make a stab in the dark at how many dollars a minute it would take. That assumes I was interested in paying off the debt rather than rolling it over. If I could borrow money as cheaply as the U.S. Treasury has been able to, it might seem wasteful to pay off the debt just now. It also means that unless the average American family of five has a net worth of at least $149,737,50 in assets excluding liabilities (they don't), America is already bankrupt. So, by this reasoning, anyone who couldn't cash out their mortgage tomorrow is bankrupt? That's a startling new definition of the term. -- is Joshua Putnam http://www.phred.org/~josh/ Braze your own bicycle frames. See http://www.phred.org/~josh/build/build.html |
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