. April 9, 2011 SouthAmerica: Eventually even the Chinese are going to realize that they are accumulating "monopoly" make believe money. (Game of monopoly) *** George Soros said: âUS dollar is no longer the main reserve currencyâ... George Soros Says China's Inflation Is `Serious Concern' â April 8, 2011 http://www.youtube.com/watch?v=z_ajJmAF2aU ***** Soros Holds Bretton Woods II â April 8, 2011 http://www.youtube.com/watch?v=fbPgMv0tDNA ***** Bretton Woods Conference of 2011 = (Panic time) April 9, 2011 Panel from INET's Bretton Woods Conference: Fitoussi, James, Rogoff, Soros (Part 1 of 5) http://www.youtube.com/watch?v=I1CJ_nqKZPk Panel from INET's Bretton Woods Conference: Fitoussi, James, Rogoff, Soros (Part 2 of 5) http://www.youtube.com/watch?v=TgWiCIrR3k0 Panel from INET's Bretton Woods Conference: Fitoussi, James, Rogoff, Soros (Part 3 of 5) http://www.youtube.com/watch?v=j1uOLpQKyKw Panel from INET's Bretton Woods Conference: Fitoussi, James, Rogoff, Soros (Part 4 of 5) http://www.youtube.com/watch?v=1Tz3Jr2EwVs ***** Panel from INET's Bretton Woods Conference: Skidelsky, Ussher, Eichengreen (Part 1 of 4) http://www.youtube.com/watch?v=RO9fOoCeEro .
. April 10, 2011 SouthAmerica: The sad reality is that the United States is collapsing just like the Soviet Union â the collapse is already underway, and it is reaching an advanced stage. The special status of the US dollar being the main global reserve currency it has reached the end of the line â the international monetary system is in deep trouble, and everything it seems to be getting out of control. It's no coincidence that this weekend, 400 economists and central bankers have assembled in Bretton Woods, New Hampshire, to explore the way in which economic thinking needs to respond to the financial crisis, at a conference organized by the George Soros funded Institute of New Economic Thinking. They are in Bretton Woods, because it is: âPanic timeâ.... Tonight I did watch on the History Channel a new program about âThe Crumbling of America.â If you have the chance of watching that program then you will realize that the United States is becoming at an alarming rate a 3rd world country. If you pay attention the signs are all around us. The Crumbling of America â History Channel - April 9, 2011 http://www.youtube.com/watch?v=zBSPcIGGcIc .
The US is doing shitty, but look at europe or Japan, then all of a sudden it's not THAT shitty anymore ...
all that means is that world economies can sink into the abyss together. your comment shows again that americans still don't understand the perilous state of the US economy resulting from its debt load. the US has possibly reached a tipping point towards the collapse of the $us. It is like whistling pass the graveyard and refusing to accept reality.
Gerald Celente, now there is an expert if ever there was one! He sells books and stuff via late night radio by scaring people...
I agree, but the REAL problem is that if the dollar loses world reserve currency status, what craziness Cenente is spouting, changes from absurd and unlikely to at least possible, and maybe probable. What would the US economy look like if gas went to $10 a gallon in the next year? What if it went to $20 instead? That's the kind of scenario that will result if the world decides it doesn't trust the dollar to hold value.
This is rather startling data. One thing it shows is that even Obama, whose administration was forced to respond to the mess created by the G.W. Bush administration and his congress, is small potatoes when it comes to the relative rate at which debt was expanded. Reagan being the grand champion so far. Ironically the democrat administrations since Reagan have been penny pinchers compared to the Republican administrations starting with Reagan, yet it is the Republicans calling for deep budget cuts. Perhaps they are finding their professed enthusiasm for frugality a little too late to be taken seriously.
A jump to $20 a gallon for Gas? Yea, that'd be a Mad Max scenario. Joe 6-pack might be complacent, but if he's pouring his entire paycheck in his gas tank....he'll quit going to work and find other ways of surviving.:eek:
Not true. NONE of them have pinched any pennies, let alone the TRILLIONS that now need to be cut. The very best has been to reduce the rate of increase while raising taxes, and still only resulted in a surplus because they stole $150 billion from Social Security that year. The basic problems are that: We have bases and troops in 140+ countries Social Security is a ponzi scheme Medicare is a ponzi scheme with uncontrollable costs Other government functions not intended by the founders keep getting added based on "for the general welfare" words in the constitution, if you don't think its being almost completely ignored. Our tax system was once to tax imports enough to pay for all government functions, and now we tax incomes and try to tax businesses instead. In essence, we now tax jobs, and reward importing goods/services, and so we have no jobs and everything is imported or outsourced if possible. Our currency is now a ponzi scheme where we are printing and borrowing dollars into existence
April 10, 2011 SouthAmerica: Reply to Piezoe The Republicans are a bunch of idiots, a lot of them are borderline brain dead - just a few months ago they were fighting like crazy to get a massive tax cut extended to themselves. We are talking about a ton of money. Now these idiots are fighting like there is no tomorrow and almost closed down the US government because they want to cut nickels and dimes from the US government budget. Paul Ryan - the Republican budget genius - wants to get rid off Medicare, and so on, at a time when the share of the US population is moving fast from 48 million to 75 million people for people age 65 and over. .