I. DEVALUATION OF THE DOLLAR; DEMISE OF THE DOLLAR AS
RESERVE CURRENCY; DEATH OF GLOBAL DOLLAR DOMINANCE
Of course, the perfect storm within the Perfect Storm can be easily identified as the inevitable devaluation, and eventual collapse, of the once Almighty Dollar. Inasmuch as it has functioned as the primary reserve currency for the world, it is quite easy to understand the many negative ramifications of its rapid demise. As nation after nation has let it go as a means of exchange, the ultimate effects on the US currency can best be described as “that giant sucking sound”. However, the real problem with this giant sucking sound is not just the effects on the US DOLLAR, but that it will be deafening to hear throughout the economies of the world.
The US Dollar interpenetrates not only the financial structure of the industrialized nations, but also the many economies of the 3rd world, so that its fall will serve to radically undermine the entire worldwide financial architecture. “Too big to fail” simply has no relevance anymore now that this genie is out of the bottle. Just ask Iran, or Venezuela, or China, or Russia,or Dubai, or Ecuador, or Bolivia. Or any of the many other nations just waiting for the right moment to break free from this monetary yoke. Sorry to tell you, but the dollar has now caused so much damage throughout the land that it can’t fail soon enough. And the longer it is artificially propped up, and forcefully kept in place, the more damage it will ultimately do.
The ‘Almighty’ do not die very easily, as wehave seen with this note – um – dollar . Just look at what happened to Iraq when they attempted to decouple their oil exportation business from the US dollar. Their expressed intentions to follow throughon this initiative in 2001 brought them a foretaste of armegeddon – US style. Likewise, the establishment ofthe Iranian Oil Bourse has brought a similar curse upon that country, with eventhe same false accusations being leveled at them as a pretext to military invasion, and a future oil industry takeover. Of course, what further inflamed this tension between those committed to global dollar dominance and those wishing to be free of its tyranny was Iran’s request to be paid in non-dollar currencies by all of its petroleum customers. Not quite sure if they deserve an ‘A’ for audacity, an ‘F’ for foolhardiness, or both. Nevertheless, they are doing what is best for the world by breaking free from the planetary plantation and the $$$ master. Quite courageously, they have set a GREAT example for the rest of us dollar addicts, debt slaves and derivative junkies.
The crux of this issue does lie in the factthat the Federal Reserve Bank is nothing but a printing press. The FED can continue to print its Federal Reserve Notes all day long, exactly as it has done for decades; however, history is replete with similar printing presses of money, and they all have the very same destiny. As a matter of fact,fiat money by any name, or run by any game in town, can only produce one outcome in the end – complete and total degradation of the nation’s currency, and eventually its financial architecture and economic infrastructure. Welcome to the USA (and UK) in 2009 ! ! !
It is truly shocking that so many businesses (privately held companies & public corporations), managed funds (pension funds, mutual funds, hedge funds, trust funds, sovereign wealth funds, etc.), governmental entities (villages, towns, cities, counties, states, provinces and nations) and people everywhere, both smart and stupid, bought into this game. Of course the game of GREED knows no bounds or limits, and certainly crosses through all socioeconomic barriers with the greatest of ease. The practitioners of greed neither adhere tothe generally accepted principles of ethics and fair play, or sound business practice and accounting methodology. Nor do they hold in high regard the philosophical bulwarks of Western civilization– reason, common sense or even sanity, for that matter.
Particularly sincethe 1990’s, the dollar was systematically shoved down the world’s throat whether it was wanted or not. The greedy accepted it with gleeful and wanton abandon; the wise did all they could to minimize their exposure to it. In theend, it will be known as the poisonous seed (read GMO) of corrupt, corporate, crony capitalism that was planted so far and wide that not a living thing could claim to be untouched by the fruit of it’s tree.
The long awaited DEATH of the Almighty Dollar is finally here, my friends. Oh, yes, the devaluation process will speed up and slow down, and slow down and speedup, but, in the end, the result will be the very same. It will soon be time to hold a hasty wake, and even hastier funeral service, before this monster tries to come back to life.
DISCLAIMER: We bear no grudge against the original US dollar that was backed by the gold standard. We have no quarrel with the US Government (with the exception of the outgoing and incoming administrations), and we harbor only good will toward the American people.
It is the Federal Reserve Note that is the object of our scorn and ridicule. Likewise, it is the Federal Reserve System that deserves our condemnation and completely justifiable criticism. Why? Because the Federal Reserve Bank (FED) is not legitimate. It is not a properly constituted or legislated organ of government, and is actually a privately owned consortium of banking agents whose ownership is more foreign than domestic. The FED is legally unfit to conduct businesson behalf of the American people since, as a private entity, it lacks the congressional oversight necessary when appropriated funds have been allocated by the legislative branch of government. The printing presses of the FED produce notes – as in promissory notes – which are nothing but instruments of indebtedness for all who possess them. Not too unlike credit cards, actually. Therefore, the money that it prints is counterfeit. Is it surprising that an international, privately owned crime syndicate, which issues fake money, would be the biggest player in the worldwide funny money monopoly game that is bringing the world of commerce/finance/business to a virtual standstill? We are talking about the greatest financial crisis in recorded history, you know?!? And the FED is institutional PUBLIC ENEMY #1 responsible for this multi-decade crime spree.
Next Page 1 | 2 | 3 | 4 | 5 | 6 | 7
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
3
2
2
