Posted on 05/15/2009 5:36:19 PM PDT by Evil Slayer
The nation's media – finally – is recognizing and acknowledging what is happening to the U.S. dollar under the direction of President Barack Obama, Jerome Corsi's Red Alert reports.
In a clear sign the dollar collapse is so imminent that the mainstream media can no longer cover up the inept way the Obama administration has managed international economics, the New York Times finally published on Thursday an editorial declaring the end of the U.S. dollar is at hand.
"[The United States] is running huge budget and trade deficits, and is relying on the kindness of restless foreign creditors who are starting to feel uneasy about accumulating even more dollar assets," New York University economics professor Nouriel Roubini, commonly known on Wall Street as "Dr. Doom," wrote in the New York Times editorial published on Tuesday, May 13. "The resulting demise of the dollar may be only a matter of time."
Even more emphatically, the Telegraph in Great Britain picked up the story written by James Quinn, a Wall Street Journal correspondent.
(Excerpt) Read more at worldnetdaily.com ...
I would say re-reading the story of Troy is a good plan....obviously Obortion read it too.
Wow Obama legacy is typical liberal
1. Bankrupt the U.S.
2. Destroy the value of our currency (put us on welfare)
3. Destroy capitalism and Free trade
4. Break up of the Union
5. Blame Republicans.
There`s no way for the USA to climb out of it`s debt.
Options are, keep the party going to the end or default.Both are two roads to the same destination, oblivion.
a cheap $$$ is the easiest way to create jobs. Exports drive the economy
6.Price of gold skyrockets, and I'm thankful for the turkey's in my yard.
I think a big factor is that the high tax left-wing state of Mexifornia is imploding right before our eyes, everyone knows it, and there’s nothing anyone can do to cover that up. They may even end up having to declare bankruptcy within the year.
Completely caused by Liberals. Now, they’re working on the entire USA. Vote Them Out!!
Our only choice now is default, thus losing our sovereignty.
I suspect this is part of their plan. Declare the U.S. dollar insolvent and invent a new currency with far tighter government control so that all buying and selling must be government approved. They'll leave all the dollar's creditors holding the bag and they won't care. They've watched Latin America do this to us for decades and seen no ill consequence.
Good post and thread. Thanks to all posters.
Actually, it could be solved without too much trouble. Sell mineral rights to coal companies and drilling rights to oil companies anywhere they can find the natural resources. Start construction of a dozen or more nuclear power plants. Lower all taxes by half. Create tax incentives for the ownership of business property. Make every state a right to work state. Do these things as a realization that we are in an emergency situation, so use emergency powers to cut through the associated lawsuits and roadblocks. That would be a good start.
Get ready for some mega-inflation.
At this point only a successfully executed civil war could result in this “Marshall Plan” for America. I’m not really holding my breath though.
All it would take is the election of enough conservatives. 2010 calls us to take back our country.
Yeah under normal circumstances, but nothing is normal anymore. The rules are changing as we speak. Why do you think the RATs are so damned cocky? It’s because they know no matter what they do, they can’t lose. The fix is in!
The Porkulus Package has something like 2 billion dollars earmarked to Obama’s ACORN a$$holes. I mean how the hell much does vote fraud cost these days? I remember when a RAT could buy a vote for a couple smokes.
And once ‘The One’ legitimizes over 30 million (previously illegal alien ) new RATs the game will officially be over. The democrat party will rule forever… or until it is deposed.
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