Posted on 08/11/2010 4:10:12 PM PDT by Iam1ru1-2
Great post. Too serious and too intense to be a popular topic, but we are headed towards serious peril.
Tim Geithner already said he supports what is being called the “IMF SPECIAL DRAWING RIGHTS”. Created in 1969, rarely used, but as we head towards One World Govt., courtesy of Global Bankers, it is SDR that has now 1 TRILLION in reserves to “rescue” European and world economies.
Another point to note that I made on another thread as well is that FEDS had decided they are not going to be disclosing the money supply details to us anymore.
Gold keeps going up.
If you put it all together, only conclusion is that Dollar would have to be DEVALUED, which is a requisite stepping stone for Global Currency.
Some sort of Financial-Pearl-Harbor type event would be needed which would get masses to go along with the scheme.
The one-world government prophesied in Scripture is nearly here, and the Anti-Christ is waiting in the wings. If you are not yet God’s child by adoption through the blood of Christ, take action soon or be prepared for seven years of hell on earth.
Except for the whole revelations thing, what exactly is so bad about the idea of one world government? It seems like a natural progression towards efficiency. Hasn’t the USA agruably been better off as a nation rather than as 50 individual nations? I guess it’s all about who’s going to be in charge...
Why? What is the relationship here?
Even today, FED printed more paper to buy its own paper. You can’t infinitely print the money and get something real for it. Foreigners are less and less inclined to buy US securities, as not only their return is low due to massive printing of dollars, they also don’t deem this printing sustainable. When you can’t BORROW anymore, your only choice to print and print some more.
Ground work in last G20 was already laid with Brazil, India, China and Russia having larger prportions of their currency being used by IMF. Those are where the IMF SDRs are coming from.
Globalist don’t care because they own IMF too. They simply care about breaking down International Barriers, and one world Govt, and one world currency. ONLY way that can happen is that if US Dollar LOSES its RESERVE CURRENCY status. It would STILL be part of BASKET OF CURRENCIES, but not same as the benefit we have now.
In additon current DEFICITS are absolutely not sustaiable. Only way to have a chance to close that gap is DEVALUATION. Help exports, discourages imports, thus a way to lower deficits. Game China and other Countries have played often.
In conjunction with no manufacturing base, and SERVICE ECONOMY entirely reliant on borrowing or printing money, it would lead to a historical debacle.
You are explaining why inflation is the likely outcome of the current economic situation. This has nothing to do, however, with one-world government or “global currency†that the leftists propose. The current and future values of the dollar are a function of the current and future states of the economy, respectively, and the Fed policy.
True if Fed was independent of Globalist movement.
Guess who got the 2 Trillion dollars we handed them as Bailout? Central Bankers in other countries. When they asked Bernanke who you gave the money to, said I won’t say, it would stigmatize other banks.
Force behind one world Govt. and global currency are not community organizing losers. They are the puppets that carry out the agenda. Something like that is beyond their scope. They are patsies for people to hate and vent against and take the blame.
As I said, Geithner recently said, we are open to SDR drawing rights now backed by Chinise/Brazilian/Indian/Russian currencies. Iran is trading oil in Euros.
The current economic policy is ACCELERATING the devaluation of dollar and they are doing nothing to prevent it.
Only other way a single currency can be achieved for whole world is if Dollar itself was given that status. That won’t fly. They need something new.
However, it probably not going to happen for a while. Before all that NAU (North American Union) has to become an established entity. Same goes for African and Asian Unions. Then they would think about one currency.
We have time to fight back, but they have put the stucture in place to bring it about.
In a one world government, the US’s wealth and resources will be redistributed to the 3rd world. Do you think the rest of world would allow us to keep what we have? Our standard of living would decline and we would become no different than the average African or South American country. Think about the US’s experience with the UN. We pay for it and host it, and the rest of the members condemn us and want more money. One world government would be the UN on steroids.
Don’t know you personally, and agree with your statements, however this concern will be the least..the First: Where will you spend eternity?
Great post!
buy lead
I already have the eternity thing worked out. Thanks for asking.
"Guess who got the 2 Trillion dollars we handed them as Bailout? Central Bankers in other countries. "
This is also factually incorrect. It is true that foreign banks have benefited from the bailout, but those were not Central Banks.
Moreover, one must understand what is meant by "foreign" companies. It usually refers to the country of formation (incorporation), which has legal implications but none of the socio-economic ones. BP, for instance, is incorporated in Britain and has 40 million shareholders there. But it has 39 million shareholders in the U.S. and employs twice as many Americans as Brits. It is clearly an American company in terms of its socio-economic impact. The same is true for the banks.
In order to direct your anger correctly, you should at least know the world around you. As it stands your emotions are entirely unsupported by facts or logic. Your accusations are nothing but defamation, and it is saddening to see a supposed conservative engaging in it without any reservation.
True, but this has nothing to do with the issue being discussed. Do you even attempt to connect your thoughts with what is being discussed? Not everything you know is relevant on a particular day, my friend.
Sorry, but I have no time have an open-ended discussion of the Fed policy. The thread was much smaller in scope.
I believe the part I didn’t verbalize clearly is that ALL CENTRAL BANKS are INTERNATIONAL by nature and connected. It is their desire to have ONE Global Bank and Governement. I tried to present as proof that stimulus that was begotten in name of keeping the Capital flow alive in the nation, was IMMIDIATELY shipped out to other Central Banks, and Bernanke had NO trouble admitting to Congress when he was questioned by Alan Grayson.
That is the CONNECTION I am making. You can’t have global currency unless dollar loses its status as reserve currency. In order for that to happen, economic chaos has to be precede it, and the current policy is making sure we do end up in that direction.
To make it even more clear, the One world Govt. elites, and on purpose adopting policies that would lead to collapse of dollar, eradication of American middle class, so they can infact impose their will. Without bringing America down, their goals simply can not be achieved.
So you wanted to know what is the connection between destruction of dollar and NWO......there I laid it out for you.
You can always limit the scope to one small issue and many times that is correct way of approaching things.
However, if you are going to talk about destruction of Dollar, you can not have that discussion properly unless you understand WHY someone would want that.
On personal note, it is so much nicer to engage in conversation with someone who doesn’t engage in name calling and personal insults. Thankyou.
Speaking of scope, the article is about NEW WORLD ORDER - That is as big a scope as it gets.
If you fail to make the connection between NWO and FED POLICY, then it is my personal failure to make it clear to you, and it is failure of people like me in general who are opposed to NWO.
FED and NWO they are two sides of same coin. Hope that is clear enough.
"However, if you are going to talk about destruction of Dollar, you can not have that discussion properly unless you understand WHY someone would want that."
As I am sure you know, establishing causality requires more than covariation of the putative cause and effect. The dollar has been strong under the Fed, and it has been weak. It is a macroeconomic dictum that weak economies must have weak currencies. Our economy is weak, and the dollar is weak accordingly. The poor state of the economy is thus not only an alternative but a more immediate explanand of the weakness dollar (recall the proximity of cause and effect). No need for conspiracy theories.
I would appreciate a reference to the exact quote regarding the supposed transfer of money to foreign Central Banks.
P.S. My purpose was not to insult you but to attract your attention that the statements you've made are at odds with both logic and morality. If you reread those posts you'll find that I've never characterized you as a person but your statements. However unpleasant they may have been to read, I did not intend to insult you in any way.
I took no offense.
I am actually at work, (yes, slacking), but perhaps you can search YOUTUBE for Alan Grayson and Ben Bernanke.
I WILL invest time at some point to try and get that WHOLE EXCHANGE because it is something every American should watch.
It is true that Dollar is up and then it is down. However, it is also true, since 1913, by various cycles of INFLATION and DEFLATION, dollar is officially worth 4 cents compared to its original value.
When money supply is being increased at LOGRITHMIC rate, to the point that now they don’t even want to disclose what they are injecting, it is simple common sense that overall the direction is down.
There is a REASON why FEDS bought their own paper yesterday, they can’t pressure/fool/intimidate/trick enough foreing buyers. They have been eating their own puke for a while now.
In addition, Chinese did not appreciate that MOODY is the one that gets rate everyone’s assets. They started their own rating agency, and first act of that agency was to rate US credit rating from AAA to AA.
Furthermore, there are numerous article easily found that not just us, but the whole WORLD is concerned about US printing money at insane pace.
Thus the push amongst other G20 Countries to trade oil and dother commodities against BASKET of currencies, instead of dollar.
SO point is that to say today economy is weak, so dollar is weak, and tomorrow it will rise as economy recovers.....sure it will rise against other currencies, but OVERALL its true value is declining and thus INFLATION or HYPERINFLATION that you mentioned above.
Here you go.
There are many many more videos of testimony.
Please do find some time it is worthy cause.
http://www.youtube.com/watch?v=n0NYBTkE1yQ
Cheers!
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