Wednesday, April 01, 2015
April 1, 2015 Wednesday
Well here it is 1 April and already people are fighting over what else but money problems. Not to mention all the drunks out buying their beer whiskey or even drugs like weed and cigarettes, and we all know if they’re getting government handouts especially for their children. There is no way possible that they can afford all this. But then again, with the new food stamp cards being like credit cards. The normally in another week or two they will be getting from the hundred and $98 all the way up to hundreds. What will they be doing with all this year’s net money, or snap as it is called today. It’s supposed to be used to keep your children from having to go hungry. But of course, these people will get a grocery list and go shopping for all those working-class people to get two or three for one on a snap dollar. That way they have more money overall the booze and drugs and even lottery tickets. What a racket. It’s no wonder that the majority of aliens from different countries especially Mexico and Latin America and even the Far East now wish to come here and get all this free stuff in which even an American born here cannot receive.
When I was going to school, a trillion was nothing more than a fictitious makeup or even considered a fake number. After all hitting 1 trillion is next to impossible let alone happy to count from one to 1000 or even 1 billion would take some time. But starting from number one and no matter how fast you speak the numbers, you would never have time to do anything else for the rest of your life. Then even you can never count up to 1 trillion.
Now let’s see how much gold is there in this whole wide world. First off, the United States of America does not have six Marine dollars or billion dollars in gold. There is only six. Billion dollars in gold in the world. That means all these other countries must have a few Million or more. Who has the most gold in the world? But, if the United States is at this point in time $20 trillion in debt, that alone shows the feds are printing nothing but paper that’s worthless except for trade for those who are willing to take this dollar for their merchandise. Before too much longer no one outside of the United States of America will want anything to do with the dollar. There is no way whatsoever to pay this debt of $20 trillion dollars off.
What a joke this country must look like from those scholars that no the dollar is nothing more than a piece of paper. A worthless piece of paper! The value of the U.S. dollar is anchored in trust. As a fiat currency, the U.S. dollar isn’t linked to any physical reserves, like gold or silver; it’s just paper. For the U.S. dollar to be worth anything, it has to be backed by an economy people have faith in. Otherwise, the U.S. dollar would collapse.
Regardless of its intentions, the Federal Reserve’s quantitative easing (QE) experiment has left America with many unintended consequences, namely a devalued U.S. dollar, growing income inequality, and a weak economic underpinning. Not the best framework for the world’s largest economy.
This might also explain why many countries are losing faith in the U.S. dollar and predicting its inevitable collapse.
The U.S. dollar has been the world’s reserve currency since World War II. That means the U.S. can deal directly with any country in the world using its own currency. In effect, the U.S. can create money out of thin air whenever it wants to buy whatever it wants or to manage its debt.
The same cannot be said for other countries. For example, if Germany buys oil from the Middle East, it does so using the U.S. currency. However, Germany can only get its hands on the U.S. currency if it sells something to someone else.
With America in serious debt and the economy on vulnerable footing, central banks around the world are increasingly wary of using a devalued U.S. dollar as their reserve currency. Should central banks and businesses eventually turn their backs on the U.S. dollar as the reserve currency, the United States will no longer be able to buy its way out of debt.
The framework may already be in place.
Unless the U.S. can get its debt under control and its economy on solid ground, the American dollar will continue to lose favor as a reserve currency.
If that happens, the U.S. will actually have to rely on its own economic output—just like every other country.
A new world monetary system is being set up right now which will completely kill the US dollar, which is the world’s reserve currency.
23 countries (60% of the world’s GDP) are setting up swap lines which bypass the dollar and SWIFT, which is the dollar-based worldwide financial transaction system.
These countries include Russia, China, India, and even Germany, France, and the United Kingdom.
Once the new system is in place, our dollar won’t be needed in these countries and a new reserve currency will come into being. All those dollars in foreign accounts will come home, which will annihilate our monetary system.
Also, China just announced that it will stop purchasing our debt (holding dollars in reserve). This will force The Federal Reserve to print even more dollars than the $85 billion it’s currently printing.
World reserve currencies have always had a limited life span and ours is up.
Folks the biggest sign is when those that trade in the dollar to acquire goods, no longer want the worthless paper because of US “bully” policies or they have totally lost faith in the US as a responsible steward of it’s currency and economy. That day has arrived.