Sad but true

I've read all three of your articles and it is sad but true that no one has made any comments. which is sad and a pity because you write with great clarity and sense, and get right to the point, with very little use of the passive voice. I'll certainly look out for more.

by ibrahim turner (25 articles, 26 quicklinks, 5 diaries, 170 comments) on Friday, February 1, 2008 at 7:32:13 PM
 

Thanks

I sure got a bunch of responses on reddit, though! lol 

Many are from very angry folks who are clinging to  the illusion of their freedom. 

I will continue to write to expand conscioussness on this most critical issue.

by Bob Tracey (3 articles, 0 quicklinks, 4 diaries, 41 comments) on Saturday, February 2, 2008 at 11:28:10 AM
 

Here's A Chilling Thought For You

Well written article!

Now, what do you think of this?

China and the Middle East have been buying up government debt, even though it doesn't pay returns that keep up with the rate of devaluation of the dollar.  They can see clearly that the productive sectors of our economy have been decimated -- put out of business or relocated elsewhere.  They know the ship has been sinking.  They know that soon, their exports to us will slow, even as the value of their dollar-denominated debt instruments sink.  They know that the commercial banks, even members of the Federal Reserve, are in deep, deep trouble (technically insolvent, really).  They see these rate cuts as 'don't worry, be happy' music to keep the stock market from tanking overnight.

So why do they keep buying, buying, buying, 2 billion dollars per day?  Is it because they are worried that they will sink with us?

I doubt it.  The fundamentals of their economies are fine -- lower taxes, industrial growth, less regulation, less socialism costs, etc.  They are generating INCOME and SAVING it.

I think when things slow down enough to where exports to the U.S. aren't profitable enough, they will start selling their dollar debt.  It won't take much selling to make the value begin to drop, which will encourage other holders to sell, and the value of the T-bills (and the dollar itself) could drop to the ground in panic selling.  How could the U.S. stop it?  It couldn't.  So, what will all those dollar holdings be any good for then, being practically worthless in world markets?  Easy.  After the stock market crash, they can come in and buy up the country's corporations for pennies on the dollar, in the last place in the world where you can spend dollars.  Maybe even the banks, too.  Maybe even member banks of the Federal Reserve.  And how could the U.S. stop it?  It couldn't, not without repudiating the debt, which might start a war.  And a broke country can't fight much of a war.  Especially with domestic energy production killed off, and no money left to buy foreign oil, and no manufacturing sector left to milk for taxes.

That's how you take over a country without firing a shot! 

by John Danforth (1 articles, 0 quicklinks, 4 diaries, 88 comments) on Saturday, February 2, 2008 at 4:27:24 PM
 

P.S.

On re-reading, I thought of this:

In order to prop up the dollar in a selloff, panic, the Fed would start buying debt back with gold. So, all the gold would be emptied out, and the dollar would crash anyway.

by John Danforth (1 articles, 0 quicklinks, 4 diaries, 88 comments) on Saturday, February 2, 2008 at 4:31:33 PM
 

Dch!

Good and truthful article.  But the Fed 'banks will not fail, since 'the Fed' is really the Rothschild family who control the Trusts which contain about 50 quadrillion dollars in all the world's 'currencies' - about 90% of all the 'money' in the world, with them printing more paper as fast as the presses can roll, though it's all only fiction in reality. 

Many of the other (lesser) banks will go though.  And it will not be the orientals who will be buying America, it will be the Rothschilds, as they bought up the British interests and next will be bleeding dry their construct of 'Yewrup' via their 'Central Bank'. - See www.justice-publications.com/R.html to see how it works.

All in all it's our opportunity to do away once and for all with the whole cruel sham which has been inflicted on humanity for the last five thousand years, complete with all the 'monarchs' and 'ministers' and 'presidents' who accept the bribes to put their populations at the disposal of the money-lenders and filchers. 

Don't play poker, Mr. Tracey, unless it's for real matches, as otherwise you might take your 'losses' too seriously.

by amazin (31 articles, 0 quicklinks, 10 diaries, 377 comments) on Sunday, February 3, 2008 at 12:39:19 PM