IMF Bombshell: Age of America Nears End

[emg 12]

http://www.marketwatch.com/story/imf-bombshell-age-of-america-about-to-end-2011-04-25

 

This is what i think will happen:

 

When China becomes the world largest economy:

 

1) USA and Canada will begin forming under single currency.

2) USA will create a free trade zone similar to NAFTA in south america .

3) EU will begin aggressive campaign expanding in the Black Sea countries

4) Japan, Australia, and New Zealand will form somekind of pact or free trade zone.

 

 

Lets the debate begins!

[Tradewinds 12]

The age of the U.S. had already ended. That happened 20 or more years ago. The only reason the U.S. has maintained the government is through borrowing. The U.S. is already dead. It's been on "life support" through borrowing and now it's time to start planning for funeral arrangements. Everyone is just waiting for the U.S. to take it's last gasp of air and die.

 

Class warfare has been going on for 30 years. And now the class war is over. Guess who lost? The middle class is dead. They are on life support also.

 

Who cares about Iraq, we should have invaded Mexico and taken them over. Bring all the troops home, and if someone messes with someone else, just drop a few nuclear bombs on them. The world population is way to big anyway. The only real deterrent is Guaranteed Mutual Destruction. Actually, they call it Mutually Assured Destruction. It's a real strategy. So start using all these nuclear weapons. What's the sense in building them, and just letting them sit and rust? Either that or just have an Armageddon like war. That will help bring the population down. There are not enough war causalities.

 

Swine flu could have been the best thing that could have happened, but that didn't go very far. Modern medicine is just too good at keeping people alive. Why are they inoculating all the children in Africa? So they can survive childhood, then get AIDS and die? What's the point?

 

We already have an economic slave class. Let's just make slavery legal.

 

China has the right idea. Limit every family to one child. And let's euthanize all these people with Alzheimers. The drowning people are going to drag down everyone else.

[mslk 10]

The US won't go down without a fight ...

 

They are going to:

1. try and screw their creditors via inflation (which is already happening)

2. if that fails, they will try to screw their biggest creditors (China) by making up some accusations of currency manipulation\fraud and then essentially write off those debts

3. if that fails, they will threaten to nationalize 'critical to the US' companies and threaten to pull all of them out of China and put in other locations with cheap labor

4. if that fails, they will go to war

 

And on US soil, this is going to happen:

1. severe depression because of inflation and no jobs

2. a hallowing out of middle america to the big cities

 

It's sad but I don't think the leadership has the balls to do anything drastic to turn this around. Greed and corruption has ruined this country ... just like every other world power in the past

[TheDude 10]

IMF bombshell: Age of America nears end Brett Arends' ROI - MarketWatch

 

This is what i think will happen:

 

When China becomes the world largest economy:

 

1) USA and Canada will begin forming under single currency.

2) USA will create a free trade zone similar to NAFTA in south america .

3) EU will begin aggressive campaign expanding in the Black Sea countries

4) Japan, Australia, and New Zealand will form somekind of pact or free trade zone.

 

 

Lets the debate begins!

 

I dont think the Canuks will want to have a single currency with the USA. Why would a solid economy (Canuks) want to merge their currency with a bankrupt corporation? Besides, with China becoming the next economic super power, thats only good news for the Canuks given they are a resource driven economy like Oz, and China needs all the natural resources it can.

 

One thing is for sure - USA is BUST!!!! its just a matter of time now before we move from sub-prime households to sub-prime countries like Greece, Portugal, Iceland, Ireland, USA, Spain.....

 

Despite the slightly anti-semite stance, I think this nutter conspiracy site has a ring of truth to it... (scroll down to the time of the American Civil War if you dont have time to read it all)

 

Timeline of the Rothschild family

[MightyMouse 12]

Never underestimate the power of greed, gluttony, pride, envy,lust, anger and sloth.

 

In the process we have gotten control of most of the global resources by spreading the pax americana.

 

It means that with my straw, I drink your milkshake.

[ahimsa 10]

Lapalisse the war is ever stupid .

Today i'm looking for the Folco Terzani interview ,Tiziano Terzani son's,and i stopped to read some tought of his father.He said.that an terrible and epocal event like 11 september offer to us occidental,to rethink to our future.he compared the after 11 september like a bit of time that slip away from a flash lightning to the rumble of thunder.we are living in this bit of time,there was the terrible flash lightning(11 september twin towers).The big boom will arrive and could be sweep away.it's would be better that we equipe us for this.begining from our daily life,after this event it's impossible and would be also a shame to be like before.We must take in consideration that peace is the only option.no more war,war is never solution is the causes of other wars.its impossible to win terrorism without know of his reasons,and the rethinking,of the occidental globalization.I think that this man( apart for one thing),had ever in his life good thought.If is true that this era will be destroyed,for the earthquakes(like every era was been victim of some climatic events)we must think this.THE MAN IS THE ONLY OPTION THE RECOVER OF HIS DIMENSION,IN EQUILIBRIUM WHIT THE PLANETH THAT GIVE US OSPITALITY.THIS ARE AGAIN DAYS WHERE IS POSSIBLE TO DO IT.THE JOURNEY IS LONG.THE BEGINING IS INSIDE US.This is a concept that made me think a lot this afternoon,because if it's true that the US economy is corrupted like his country(do you think that in other country is all rose and flowers,?is all clear,?no )the us economy is very important for the rest of world his currency,and all his stocks influenced the world economyin europe we have the problem with greece portugal,ireland,pain in usa you have the USD no strong now,USA economy would be ever more strong because people buy in USD not in EUR ,china is too much time by now that began his steps for become the world largest economy,what stopped china for being the first power now?,i think only his currency.If it's true that when we trade we must considered us like a mirror,for the simple fact that when we start to make an action we can become the mirror of what the mass done.This tought are good for real life because the action that we make in our life was been ever the consequence of the true life.from ghandi to hitler,is like an a gears were the man falls.WHY in forex its not important what we think?or better our thought,agree,desperation or happyness can influenced a gain or a loss.but the market don't care what really we think.is like a machine,from a side he teach us that the pshichological factor is essential,and from the other don't care.i think that maybe i can become crazy,for this,the only thought that make me clear,its that we are the consequence of our action as in life as in trading (i talk about forex because in this moment i'm here).

[Tradewinds 12]

The US won't go down without a fight ...

 

They are going to:

1. try and screw their creditors via inflation (which is already happening)

2. if that fails, they will try to screw their biggest creditors (China) by making up some accusations of currency manipulation\fraud and then essentially write off those debts

3. if that fails, they will threaten to nationalize 'critical to the US' companies and threaten to pull all of them out of China and put in other locations with cheap labor

4. if that fails, they will go to war

 

And on US soil, this is going to happen:

1. severe depression because of inflation and no jobs

2. a hallowing out of middle america to the big cities

 

It's sad but I don't think the leadership has the balls to do anything drastic to turn this around. Greed and corruption has ruined this country ... just like every other world power in the past

 

Exactly right. The only way the U.S. can come up with the money to pay it's debts is to print money. Most people believe that printing loads of money with no real backing, will devalue the dollar, and also cause inflation. I'm not so sure of that myself, but I have nothing to really base that on. Inflation is partly being caused by higher oil prices.

 

The real problem is human behavior. We are our own worst enemy.

[Tradewinds 12]

Actually, it wouldn't be a bad strategy of the U.S. to "load up" on cheep Chinese goods, and then not pay them back. The U.S. could get a lot of goods for almost nothing. Just use China as a slave. So stock up on supplies now. Hopefully those inexpensive Made in China goods will last long enough to make it through the great depression number 2.

Bring all the troops home, then implement military law in the U.S. Do random drug testing on everyone in order to dry up the demand for drugs coming from Mexico. Have the military implement martial law in the U.S. after society breaks down and total chaos erupts.

Then ID everyone with an embedded computer chip so you can be tracked every second of the day. That will cut down on crime.

[Ingot54 13]

Such a negative picture, guys.

 

Doesn't anyone have any hope for a better future?

 

Don't you think there is a simpler way to overcome the greed and corruption that is the termite in every national government?

 

Is this what it has come down to - the "smart" age, technology everywhere guiding and controlling? Even the bombs are "smart" today.

 

We have the brightest minds in history, all co-ordinated and working together with the help of computer memory to refer to, to speed up processes, discoveries and inventions; speed up calculations and formulations; advance medicine; allow ordinary people to trade in financial markets - previously the province of the higher privileged classes, bankers and institutions ... yet we can not overcome the simplest of International problems.

 

Somehow I think we have already been fore-warned this this was coming ... but it was ridiculed and scorned as baseless fairy-tale stuff.

 

Even now, people refuse to believe this is the end of the age.

Maybe it is ... maybe not.

I don't know, but I have some clues on it.

 

People always require "proof".

No one wants to take anyone's word for anything, trust no one.

 

Maybe Googling "Mystery Babylon" will shed light on what is happening.

 

But whatever you do, don't believe it ... there is no proof!

 

It'll be alright in the morning ... won't it?

[Ingot54 13]

btw - No one knows what is ahead.

 

In 2006 we were told we were entering a "Golden Age of Prosperity" ... a "Commodities Super Cycle" that

would rid the world of poverty and oppression, driven by the wealth created by the requirements of

emerging nations.

 

What wasn't reckoned on, was the greed of Goldman Sachs and their ilk. But while that process did begin,

there was intervention that found a way to syphon off the profits to the wealthy, not the deserving poor

of the world.

 

Now, starting in North Africa, and spreading like a plague all over the Middle Eastern countries, until

the very House Of Saud itself is at risk, the oppressed are demanding justice and their rights.

You can only push people so far, and you can only expect them to swallow lies for so long.

 

This is what is happening in the USA - the T-R-U-T-H is finally coming out all over the world.

 

This youtube was posted only today - a few hours ago.

 

 

This is happening in only ONE country?

You would be kidding to say you believe that!

 

It is happening in EVERY country - those who are informed are running for safety, and taking YOUR money with them.

 

Note: That is an assumption based on the wikileaks video - I have no personal evidence of this.

 

Any wonder the USDCHF hit .8670 overnight!

 

The fall of Wall Street was a good thing.

 

The bailing-out of Wall Street was the error that is perpetuating the collapse.

QE3 is inevitable, because Bernanke will be forced to continue to prop up the markets.

 

All the QE2 money didnot go to stimulate the US economy - look at the employment figures if you want

evidence of that - NO PRODUCTION = NO JOBS.

 

The QE2 money went into Commodities, where it exported US inflation all over the world, creating extreme

hardship in developing countries, and causing the unrest we are seeing in the North African economies.

 

And the QE2 money went into the stock markets, where it will then go into the pockets of Goldman Sachs

and Co, when THEY decide they will once again crash the markets. They will get out at the top - if they are

not already feeding in their stealth "sell" orders.

 

The rich are not fleeing to the USD as a safe haven any more.

They are going to the CHF ... and the AUD ... and the CAD ... and Gold ... and Silver.

(Buy on the dips)

 

But the AUD will also collapse, as soon as China and India collapse through inflation, and as soon as the US Bond market collapses.

 

Laugh if you will - can't hurt to have a chuckle.

 

When the Bond market cracks, there may be something of a spectacle not witnessed before.

 

Take your seats, make sure you have some Gold and Silver, and some popcorn.

 

But never forget there is a bigger battle going on behind the scenes.

About 100 men control the world.

 

Whose interests do you think they are manipulating events for?

Who has YOUR interests in mind?

 

I think both answers will become clear shortly.

In the meantime, assume nothing - no one knows, and no one CAN know.

 

Above all, keep your head.

[Mysticforex 13]

The single Currency Idea has already been discussed in detail:

 

North American currency union - Wikipedia, the free encyclopedia

[mslk 10]

Canada is pretty much the 51 state anyways, I wouldn't be surprised if the US tries to take over the oilsands. But back to QE2 and coming doom ... how are we going to trade it? Or do we just buy PHYSICAL gold, silver, land and hunker down? Do these paper gold and silver products (GLD, SLV) even own the amount of physical product they claim they do?

 

Fun times this is going to make 2008 seem like a walk in the park.

[ahimsa 10]

Exactly right. The only way the U.S. can come up with the money to pay it's debts is to print money. Most people believe that printing loads of money with no real backing, will devalue the dollar, and also cause inflation. I'm not so sure of that myself, but I have nothing to really base that on. Inflation is partly being caused by higher oil prices.

 

eThe real problem is human behavior. We are our own worst enmy.

 

pshicologically true that we are our worst enemy.but really do you think that we haven't enemy,or is a double effect of what we saw at the mirror,if i don't saw enemy when i look at myself in the mirror ,i would love see ever an allied.i would love to think so,but i believe that we are in a very particular and delicate moment history,for start a war you need an enemy and even with a enemy you have to have a reason.please help and explane better because we are living in a greed epoch,and what we needed is the union and the help that everyone can give.we are in a bad moment but look at the past of our story-books .we have always had big mind in past but the bad mind had ever destroyed the good work and thought of good.there's ever some angel in the world that talk to people,and have all the quality to be in right side.my big question is why the evil its so sure to be in right side like the good? and maybe the true greed is being awareness that for save the world we must violate our way of see the things,and stopped to be so less humble.but by now our mind are programmed in that stupid and banal way that the only and first tought when we wake up in the morning are ....who can i rub today..well if we are our worst enemy ...we must start to say ....good morning and while we clean our face ...we can look at the mirror and say i'm my enemy...well this morning i rub myself.a good way for go away in a better world,with better thought.i'm not so agree,that put trading in top position when there are this kind of topic.the human-salvation depend of us .from how we think and how we transform in action our thought.because if we don't finished to be so agree like on sentiment,we can finished to be agree in trading?I'm very tired that in 2011,there are again the problem of the human trafficking of the women for the sex industry,or the human trafficking of illegal body part.this aren't a valid reason's for made a war?yes if the women are against.not if they are consent.in this moment i don't care so much to north american currency union.

[MightyMouse 12]

btw - No one knows what is ahead.

 

In 2006 we were told we were entering a "Golden Age of Prosperity" ... a "Commodities Super Cycle" that

would rid the world of poverty and oppression, driven by the wealth created by the requirements of

emerging nations.

 

What wasn't reckoned on, was the greed of Goldman Sachs and their ilk. But while that process did begin,

there was intervention that found a way to syphon off the profits to the wealthy, not the deserving poor

of the world.

 

Now, starting in North Africa, and spreading like a plague all over the Middle Eastern countries, until

the very House Of Saud itself is at risk, the oppressed are demanding justice and their rights.

You can only push people so far, and you can only expect them to swallow lies for so long.

 

This is what is happening in the USA - the T-R-U-T-H is finally coming out all over the world.

 

This youtube was posted only today - a few hours ago.

 

 

This is happening in only ONE country?

You would be kidding to say you believe that!

 

It is happening in EVERY country - those who are informed are running for safety, and taking YOUR money with them.

 

Note: That is an assumption based on the wikileaks video - I have no personal evidence of this.

 

Any wonder the USDCHF hit .8670 overnight!

 

The fall of Wall Street was a good thing.

 

The bailing-out of Wall Street was the error that is perpetuating the collapse.

QE3 is inevitable, because Bernanke will be forced to continue to prop up the markets.

 

All the QE2 money didnot go to stimulate the US economy - look at the employment figures if you want

evidence of that - NO PRODUCTION = NO JOBS.

 

The QE2 money went into Commodities, where it exported US inflation all over the world, creating extreme

hardship in developing countries, and causing the unrest we are seeing in the North African economies.

 

And the QE2 money went into the stock markets, where it will then go into the pockets of Goldman Sachs

and Co, when THEY decide they will once again crash the markets. They will get out at the top - if they are

not already feeding in their stealth "sell" orders.

 

The rich are not fleeing to the USD as a safe haven any more.

They are going to the CHF ... and the AUD ... and the CAD ... and Gold ... and Silver.

(Buy on the dips)

 

But the AUD will also collapse, as soon as China and India collapse through inflation, and as soon as the US Bond market collapses.

 

Laugh if you will - can't hurt to have a chuckle.

 

When the Bond market cracks, there may be something of a spectacle not witnessed before.

 

Take your seats, make sure you have some Gold and Silver, and some popcorn.

 

But never forget there is a bigger battle going on behind the scenes.

About 100 men control the world.

 

Whose interests do you think they are manipulating events for?

Who has YOUR interests in mind?

 

I think both answers will become clear shortly.

In the meantime, assume nothing - no one knows, and no one CAN know.

 

Above all, keep your head.

 

Ingot,

 

The dollar remains as the reserve currency. The way to tell that it is still the reserve currency is that when there is news that arises similar in nature, but not necessarily as intense, to the financial crisis, the dollar will go up in value. When it stops reacting positively, then it loses its status as a reserve currency. its decline recently is a result of hedging and speculation. US rates are stable and would be seen rising dramatically if the dollar were being abandoned. The fed in all its arrogant foolishness would not be able to stop the rise in rates.

 

A report called "Global Trends 2025" prepared by the National Intelligence Council forecasts a whole bunch of fun stuff, primarily, the US will lose its omnipotence.

 

Read it if you haven't read it.

 

http://www.dni.gov/nic/PDF_2025/2025_Global_Trends_Final_Report.pdf

 

MM

[Ingot54 13]

Ingot,

 

The dollar remains as the reserve currency. The way to tell that it is still the reserve currency is that when there is news that arises similar in nature, but not necessarily as intense, to the financial crisis, the dollar will go up in value. When it stops reacting positively, then it loses its status as a reserve currency. its decline recently is a result of hedging and speculation. US rates are stable and would be seen rising dramatically if the dollar were being abandoned. The fed in all its arrogant foolishness would not be able to stop the rise in rates.

 

A report called "Global Trends 2025" prepared by the National Intelligence Council forecasts a whole bunch of fun stuff, primarily, the US will lose its omnipotence.

 

Read it if you haven't read it.

 

http://www.dni.gov/nic/PDF_2025/2025_Global_Trends_Final_Report.pdf

 

MM

 

That document is 120 pages - it will be next Tuesday before I get that read!

 

I urge you to take a look at the USD Index over the past three years.

 

Very telling, n'est ce pas? http://quotes.ino.com/chart/index.html?s=NYBOT_dx&t=&a=&w=&v=d6

 

No wonder other nations are becoming nervous about the treasuries they hold.

 

The USD will remain the Reserve Currency of the world for only as long as those who allowed that to happen, continue to support it that way. Public outcry will eventually prevail - we haven't seen that yet.

 

The currency composition of Foreign Exchange Reserves in USD, peaked in 1999 at 70.9%.

Since then it has been steadily weakening and falling each year, with the exception of a couple of years, until in 2008, it had fallen to its lowest ever rate - 64.1%. There was a slight rise to 62.1% in 2009, but the decline continued in 2010 to 61.4%.

 

Ref: Reserve currency - Wikipedia, the free encyclopedia

 

I am unsure what the 2011 figure is going to come out at, but for a Reserve Currency, the USD outlook is quite bleak ... and weakening.

 

The world at large is unhappy about the behaviour of the USA in handling the responsibility of having the Reserve Currency. There are calls from the BRIC countries to replace the USD with SDR - Special Drawing Rights. Further, many countries are going outside the USD in doing business now - recently New Zealand signed an agreement with China to do a currency swap worth 25 billion yuan - $3.8 billion NZD.

 

China and New Zealand reach currency swap agreement worth 25 billion yuan - English pravda.ru

 

Other countries already have these agreements with China, Russia, Brazil and India. It will not be long before this becomes the norm, and the USD gets spurned, if it keeps losing its value as a determined US Government policy.

 

The problem is that the weaker the USD becomes, the cheaper their exports become, and the more their trading partners have to pay for US goods - effectively damaging the balance of Trade these countries have with the USA. I have no doubt that behind closed doors, there are some very heated arguments indeed, and it is just these kinds of issues that eventually lead to violent conflict (war).

 

The USA has never backed away from a violent conflict - indeed they have initiated most of the posts WW2 conflicts, in my view. Vietnam was about the Dunlop Rubber Company's interests in Sth VN, and Iraq was about Oil. Afghanistan is about its untapped mineral wealth - maybe oil and rare earths, and who knows what else.

 

http://www.nytimes.com/2010/06/14/world/asia/14minerals.html

 

The problem the USA faces is similar to what destroyed ancient Rome: They had the role of unofficial Policeman of the world - a role the USA hardly needs politically and economically right now; and it has a domestic problem with internal corruption and moral breakdown, failing law and order, over-regulation and shrinking personal freedom.

 

Clearly the situation can not be sustained.

 

The current "single reserve currency" situation is becoming more unpopular with the USA the single beneficiary of a falling USD. The bit that sucks is that for every dollar the US admin prints, someone else in the world gets a little bit hungrier, as the prices of food and commodities gets that little bit further out of reach. And the number of people hurt by rising commodity prices is not equal to the number who benefit. Gross unfairness again.

 

In India already, the lower classes are spending 70% of income just on food.

 

Is that fair, while Goldman Sachs keeps hoovering up the taxpayer money, with the blessing of their friends in government? And why? Just to pay themselves larger bonuses.

 

Yep - this will not go on for much longer - and to be honest, if the American people can't see it and do something themselves, then I'll have absolutely NO sympathy for them when it all unravels. If I were a citizen of the USA, I would be out in the streets every day with my placard, urging the government to get their financial house in order.

 

But guess what - very few Americans know or care what their gov't is up to, it seems.

The people are like frogs in a cooking pot, aren't they?*

 

* The boiling frog story is a widespread anecdote describing a frog slowly being boiled alive. The premise is that if a frog is placed in boiling water, it will jump out, but if it is placed in cold water that is slowly heated, it will not perceive the danger and will be cooked to death. The story is often used as a metaphor for the inability of people to react to significant changes that occur gradually.

 

Maybe this applies to us all.

Edited April 27, 2011 by Ingot54

[Ingot54 13]

pshicologically true that we are our worst enemy.but really do you think that we haven't enemy,or is a double effect of what we saw at the mirror,if i don't saw enemy when i look at myself in the mirror ,i would love see ever an allied.

 

i would love to think so,but i believe that we are in a very particular and delicate moment history,for start a war you need an enemy and even with a enemy you have to have a reason.please help and explane better because we are living in a greed epoch,and what we needed is the union and the help that everyone can give.we are in a bad moment but look at the past of our story-books .

 

we have always had big mind in past but the bad mind had ever destroyed the good work and thought of good.there's ever some angel in the world that talk to people,and have all the quality to be in right side.

 

my big question is why the evil its so sure to be in right side like the good? and maybe the true greed is being awareness that for save the world we must violate our way of see the things,and stopped to be so less humble.

 

but by now our mind are programmed in that stupid and banal way that the only and first tought when we wake up in the morning are ....who can i rub today..well if we are our worst enemy ...we must start to say ....good morning and while we clean our face ...we can look at the mirror and say i'm my enemy...well this morning i rub myself.a good way for go away in a better world,with better thought.

 

i'm not so agree,that put trading in top position when there are this kind of topic.the human-salvation depend of us .from how we think and how we transform in action our thought.because if we don't finished to be so agree like on sentiment,we can finished to be agree in trading?

 

I'm very tired that in 2011,there are again the problem of the human trafficking of the women for the sex industry,or the human trafficking of illegal body part.this aren't a valid reason's for made a war?yes if the women are against.not if they are consent.in this moment i don't care so much to north american currency union.

 

Ahimsa - I understand what you are saying. It does seem that for as long as people want to do good, and continue doing good things, there will be evil people who will exploit their goodness.

 

I mentioned earlier that what is required is a spiritual awakening - not a religious one. Religion is a dead pursuit - ritual and chants never achieved anything.

 

It is in the depth of the human mind and soul that change has to occur - in the regeneration of the spirit and the conscience. We need a new image of ourselves and our status in the world. And we need new role models worth looking up to.

 

We need new heroes.

 

Human beings have degraded themselves for so long, that they believe that's all there is - there is nothing higher to aspire to. Some believe all we are here for is to enjoy what we can and then wither like a flower, and be blown away by the wind.

 

Yet the highest satisfaction in life has always come from helping people to higher levels of achievement, and helping to ease the burden of fellow travelers. Those whose only goal is to become wealthy, no matter what the cost, or what it takes, are destined to be amongst the least satisfied with their lives.

 

All I can say to you is to never let go of your values. You might get scorned for them, or derided for taking a stand on an issue of integrity or ethics. But neither you, not I have the high ground on ethics, morality and integrity. This is a community consciousness, and it is this that we all need to have an awareness of our values and our worth. Communities are made up of individuals, families and neighborhoods.

 

So the work does indeed begin in the mirror each morning, as you "rub your face."

 

Unfortunately, that is what is largely missing now. And equally unfortunately, this is not being taught to kids anywhere much, so there is a decreasing number of people who even understand norms and mores. And very few follow their conscience.

 

The world pressures people in many ways - but fortunate indeed is the man who knows himself.

[MightyMouse 12]

That document is 120 pages - it will be next Tuesday before I get that read!

 

The USD will remain the Reserve Currency of the world for only as long as those who allowed that to happen, continue to support it that way. Public outcry will eventual prevail - we haven't seen that yet.

 

The currency composition of Foreign Exchange Reserves in USD, peaked in 1999 at 70.9%.

Since then it has been steadily weakening and falling each year, with the exception of a couple of years, until in 2008, it had fallen to its lowest ever rate - 64.1%. There was a slight rise to 62.1% in 2009, but the decline continued in 2010 to 61.4%.

 

Ref: Reserve currency - Wikipedia, the free encyclopedia

 

I am unsure what the 2011 figure is going to come out at, but for a Reserve Currency, the USD outlook is quite bleak ... and weakening.

 

The world at large is unhappy about the behaviour of the USA in handling the responsibility of having the Reserve Currency. There are calls from the BRIC countries to replace the USD with SDR - Special Drawing Rights. Further, many countries are going outside the USD in doing business now - recently New Zealand signed an agreement with China to do a currency swap worth 25 billion yuan - $3.8 billion NZD.

 

China and New Zealand reach currency swap agreement worth 25 billion yuan - English pravda.ru

 

Other countries already have these agreements with China, Russia, Brazil and India. It will not be long before this becomes the norm, and the USD gets spurned, if it keeps losing its value as a determined US Government policy.

 

The problem is that the weaker the USD becomes, the cheaper their exports become, and the more their trading partners have to pay for US goods - effectively damaging the balance of Trade these countries have with the USA. I have no doubt that behind closed doors, there are some very heated arguments indeed, and it is just these kinds of issues that eventually lead to violent conflict (war).

 

The USA has never backed away from a violent conflict - indeed they have initiated most of the posts WW2 conflicts, in my view. Vietnam was about the Dunlop Rubber Company's interests in Sth VN, and Iraq was about Oil. Afghanistan is about its untapped mineral wealth - maybe oil and rare earths, and who knows what else.

 

http://www.nytimes.com/2010/06/14/world/asia/14minerals.html

 

The problem the USA faces is similar to what destroyed ancient Rome: They had the role of unofficial Policeman of the world - a role the USA hardly needs politically and economically right now; and it has a domestic problem with internal corruption and moral breakdown, failing law and order, over-regulation and shrinking personal freedom.

 

Clearly the situation can not be sustained.

 

The current "single reserve currency" situation is becoming more unpopular with the USA the single beneficiary of a falling USD. The bit that sucks is that for every dollar the US admin prints, someone else in the world gets a little bit hungrier, as the prices of food and commodities gets that little bit further out of reach. And the number of people hurt by rising commodity prices is not equal to the number who benefit. Gross unfairness again.

 

In India already, the lower classes are spending 70% of income just on food.

 

Is that fair, while Goldman Sachs keeps hoovering up the taxpayer money, with the blessing of their friends in government? And why? Just to pay themselves larger bonuses.

 

Yep - this will not go on for much longer - and to be honest, if the American people can't see it and do something themselves, then I'll have absolutely NO sympathy for them when it all unravels. If I were a citizen of the USA, I would be out in the streets every day with my placard, urging the government to get their financial house in order.

 

But guess what - very few Americans know or care what their gov't is up to, it seems.

The people are like frogs in a cooking pot, aren't they?*

 

* The boiling frog story is a widespread anecdote describing a frog slowly being boiled alive. The premise is that if a frog is placed in boiling water, it will jump out, but if it is placed in cold water that is slowly heated, it will not perceive the danger and will be cooked to death. The story is often used as a metaphor for the inability of people to react to significant changes that occur gradually.

 

Maybe this applies to us all.

 

It cannot last forever, no doubt, but it can go on for a lot longer than we think. The economies of so many other countries depend upon our prosperity and ability to borrow, which is the way to fund our prosperity, that it is in their myopic best interest to lend to us so they can sell to us.

 

Austerity would benefit us tremendously in the long run, but that would effect the desire, both here and abroad, of self interested short term profits. Any model you you design to forecast future economics needs to address the question: How will the greed of those with decision making authority impact the outcome? No matter how "off" your answer is when you include greed into the equation, it will be a lot closer to reality than if you fail to include it.

 

My guess, and these are all just guesses, is that we continue sucking up the available capital resources and then at some point in the next 20 years we will somehow restructure our debt to lessen the burden if we are unable to shrink it via inflation as we have in the past. Everyone, globally, will have made money and the losses incurred by other countries will be the burden of the respective growing middle class.

 

MM

Edited April 27, 2011 by MightyMouse

[ahimsa 10]

long eyes china....like ever.they choosed new zealand (the rich and prosperouse Oceania ).for being less dipendent to usd.

[Tradewinds 12]

do you think that we haven't enemy,or is a double effect of what we saw at the mirror,if i don't saw enemy when i look at myself in the mirror ,i would love see ever an allied.

 

I huge part of the answer to our individual problems, and our collective problems is to respect ourselves. It might seem that people would automatically respect themselves, out of self interest. But in reality, people are self destructive, and really show very little respect for themselves. The type of respect that I'm talking about isn't superficial, material, or socially status related. Those things do not get at the very core or who and what a person is.

 

I know that I am extremely harsh and dark in my outlook of the human condition. But I don't want people to misunderstand. Even though I see the terrible dark side, I don't want to be on the dark side. I prefer to look in the mirror and give myself value and respect, and hope for the best, for myself and for this world as a whole.

[ahimsa 10]

Ahimsa - I understand what you are saying. It does seem that for as long as people want to do good, and continue doing good things, there will be evil people who will exploit their goodness.

 

I mentioned earlier that what is required is a spiritual awakening - not a religious one. Religion is a dead pursuit - ritual and chants never achieved anything.

 

It is in the depth of the human mind and soul that change has to occur - in the regeneration of the spirit and the conscience. We need a new image of ourselves and our status in the world. And we need new role models worth looking up to.

 

We need new heroes.

 

Human beings have degraded themselves for so long, that they believe that's all there is - there is nothing higher to aspire to. Some believe all we are here for is to enjoy what we can and then wither like a flower, and be blown away by the wind.

 

Yet the highest satisfaction in life has always come from helping people to higher levels of achievement, and helping to ease the burden of fellow travelers. Those whose only goal is to become wealthy, no matter what the cost, or what it takes, are destined to be amongst the least satisfied with their lives.

 

All I can say to you is to never let go of your values. You might get scorned for them, or derided for taking a stand on an issue of integrity or ethics. But neither you, not I have the high ground on ethics, morality and integrity. This is a community consciousness, and it is this that we all need to have an awareness of our values and our worth. Communities are made up of individuals, families and neighborhoods.

 

So the work does indeed begin in the mirror each morning, as you "rub your face."

 

Unfortunately, that is what is largely missing now. And equally unfortunately, this is not being taught to kids anywhere much, so there is a decreasing number of people who even understand norms and mores. And very few follow their conscience.

 

The world pressures people in many ways - but fortunate indeed is the man who knows himself.

 

Ingot thanks for this answer i like very much,yesterday i was not aware it.:)i'm not a big religious,i never thought that if i go in church every day i' will have better life.also if i have religious holy see friend.i believe in god but i'm a sinner because i never went to church,me too prefer the regeneration of our spirit,and the awareness that we fundamentally born pure and without evil,is the life that change us.the big work that everyone of us have is mantain pure our action,thought,and live our life with love for ourself and consequence,for other.But we live in a time were the our mirror(unfortunately for us are the tv and other media,that the only things that they be able to transmit me in this moment,is the hate and the falsity of their value,maybe its for this that are 1 year that i don't watch tv)are the media,they reflect,the character and the frustation of the majority,of us.For many people to be strong means to be able to derides other and to be offensive,this kind of manners you can denote in many social network,or other forum were people without know you and your TRUE story,hear them in right to talk about you,also in a offensive way.for their are a form to discharge their repression.(if i really must hate someone i prefer discharge my hate on a pedophily or in a big criminal,can really can destroyed your life)they hear be strong in this way,they know that for have more friends and maybe also a success,are costritted to trample on theirself ,they are full unawareness that in that way they been changing their true indole.But what is more terrificant that to discovered that all the pshichological problem that they have are those inherent to the other social relation.they really hate who is just arrived to considered important spiritual tought,are unawareness that maybe is the only salvation for this epoc so full of stress ,hi-tech and run to money. I don't sayng that i don't like money,because with money sure we live better,i'm sayng that is not all,because if i'm full of money maybe you can love me for this.and i don't want.I think different,for me have a leader or become a leader don't mean being aggresssive and hateful,everyone choiche the leader or the people wich can talk better .if i don't like the aggressivity is very difficult that choice this kind of people like a friend,or maybe in another case i could love an aggressive but i really imagine him without aggressive and loved him again more.this could be what do you called helping people to higher levels.But if you are awareness that a shit done all for become you shit like him,i don't really go down to compromise whit this.Once upon a time we believe in law,now i'm awareness that justice don't exist.....justice is the first example of corruption and disgusting thing ,the book of law are his witness....example?...if i'm walking and see an adolescent with a big man that don't want have an sexual act.....what i really see?if i saw the book of law that come back again ......before the julja law...were if the man was more rich of the girl,win for all the life.because the girl was considered miserable,,,,(:applaud:this is for the justice,and for all the people that love this way of save people.))or simply i can considered the girl like a man,so the rich is her...ah ah ah:rofl: !this can be true ingot remember is only one side of the very very orrible side of our epoch. But what is very strange is ....at the end the girl that ....maybe remember this man like if she was a little prostitute...like a first sexual act that maybe can went better.....and at the end she can forgive him and remember ever like the first love......its better believe that all this is a fable. or a horror theme decide you......now you have understand like me because,i prefer have less friends but good that many but false.Otherwise who is spiritual(and could be wordly and gone to all the jet-set party) and live like in a eremo is less appreciated of the wordly that trample himself and his parents,for being ever in first line in a party.Infact if i was so devoted to money in a free time i could read ever economic book,and instead no,i like read also spiritual books.I give a quick look at the image of the place were you live in australia,,wow very incontaminated place....i like very much.....one day i will come in australia..i want visit it. .

[ahimsa 10]

I huge part of the answer to our individual problems, and our collective problems is to respect ourselves. It might seem that people would automatically respect themselves, out of self interest. But in reality, people are self destructive, and really show very little respect for themselves. The type of respect that I'm talking about isn't superficial, material, or socially status related. Those things do not get at the very core or who and what a person is.

 

I know that I am extremely harsh and dark in my outlook of the human condition. But I don't want people to misunderstand. Even though I see the terrible dark side, I don't want to be on the dark side. I prefer to look in the mirror and give myself value and respect, and hope for the best, for myself and for this world as a whole.

 

great thought:),today.you are right the light is superior .the dark side is usefull sometime only for discovered in ourself the other side,of limpid and clear thought.and maybe you can go on this side when you feel like a depression or a evil side that disturb your path,if you decide to include in your side also the spiritual way.the respect for ourself is to be awareness that our thoght and our action is good for us and successively can be usefull and good also for other people.

[Ingot54 13]

I give a quick look at the image of the place were you live in australia,,wow very incontaminated place....i like very much.....one day i will come in australia..i want visit it. .

 

Ahimsa - In Australia we have watched for years as things happen here about 15 years later than they do in the USA.

 

Things like porn videos, kids bringing guns and knives to schools, litigation because a kid falls off a swing at McDonalds, bullying at school, dumbing-down of our kids because rote learning is denigrated in favor of less effective and more "politically-correct" methods that don't work, corruption in our politicians, laws preventing parents from disciplining children, stupid workplace changes because of some shoddy research that has granted some idiot a PhD, the popularity of the sport of scorning those with spiritual beliefs, the decline of spiritual values in the community, the love of money ... and on and on ... all the negative things in our society have been imported from the USA via the Movie Industry as a general vector.

 

On the other hand, we have the USA to thank for many of the good things our societies enjoy - the myriad inventions spun off the United States Space programme, the inventions of Thomas Edison, Henry Ford, the Internet ... and so on.

 

But there is no authority recognised any more to prevent abuse, manipulation, slander and libel; there is no respect for anything any more. Society has been tipped into a perverse situation where the greedy, the detractor and the liar is almost worshiped as a hero for his ability to manipulate and profit, hurt and destroy, as if he is somehow "The Terminator" and bringing down good things is seen as some kind of victory.

 

This is the lament of someone who WAS brought up with virtue and a knowledge of ethics. "The Golden Rule" still is a very big part of the motivation for what I do, and I hope it always will have a high place in my activities. But there are even higher reasons for doing what I do, and although I don't claim to "own" any patch of high ground anywhere, I have no hesitation in saying that I have never turned away a person in need - even if I have nothing left to share - I can always find an encouraging word.

 

There have been times that I have lashed out like a feral cat having its teeth pulled, when I see on Internet forums the work of good people trashed by trolls and forum bullies. But no more - that only feeds them and encourages even more of the same. Such is the social network we call "forums" and so on - essentially a bear-pit and the unwary better beware.

 

This is the kind of destructive stuff promoted in the violent movies spewing out of the USA like sewage onto a white carpet. You don't take kids to the movies like you did in my day - we all went as a family when I was young. Sorry to have to paint that picture - just my sad view of things.

 

The recompense the USA is getting today is only the reward for destroying the true social fabric in their society.

 

"In God We Trust." ... really?

 

See if that is true in Wall Street or Main Street; see if the home-owner who has been evicted believes that, or the employee who can't find a job believes that; see if the man who has been unable to afford to pay for justice through the courts believes that; even the Pastor who burned the Koran ... does he believe that?

 

Thanks for your kind words about the area I live in - it really is a beautiful part of the world, I agree. Secure, prosperous, friendly and relaxing. I have work and opportunity, and it is a good place to raise children. You can Google " Hervey Bay Queensland " and see the Satellite view of where I live - if you add "Torquay Terrace" to your search, you can see my street, and see that I am only about 400 yards from the beach.

 

Because of the many estuaries, and the deep and shallow waters, we have the most abundant fishing grounds possibly on the whole east coast of Australia. And while the presence of Fraser Island offshore has sheltered our coastline from having surfing conditions, the gentle waves that do grace our shoreline provide safe swimming conditions for kids.

 

We have shark-nets and baited lines to prevent sharks coming in close to shore, and there is a sailing boat club, and a great marina here for International visitors. The region is a family holiday destination for Australians - accommodation is booked out for 3 or 4 months during our summer - November through February - and we have an absence of the night-clubbing set, and alcohol-fueled problems associated with the club life. We have air-ambulance services to the State capital as a 24 hr service, in the form of Chopper and King Air fixed wing. We have a pier that is over 800 metres long out into the deep waters, and although no longer used commercially, it has been preserved for recreational use by fitness walkers, and fishermen alike!

 

We have bus and train links to the capital City (about 3 hours) and jet-air services, though not International. All this, and still with a population of around 61,000.

 

Hervey Bay, Queensland - Wikipedia, the free encyclopedia

 

So while we may have an enviable piece of dirt over here, and can easily place ourselves in judgement over the United States in its demise - I am acutely aware of the need to be vigilant, and to fight where I can, any further degradation of the virtues and values that made Australia a lovely place, and which also, by the way, made the USA an equally great place.

 

Leonard H. Courtney said: "The price of peace is eternal vigilance", but the USA has opted for "peace at any price ... even if the price is the violation of human rights and liberty. And they have opted for prosperity at any price, even the financial raping of their own citizens, whom they condemn to poverty, so that they might be prosperous, is the price.

 

I found a quote, made by one who well understood the evil and corruption that comes when men are given power:

 

"Free government is founded in jealousy, not confidence. It is jealousy and not confidence which prescribes limited constitutions, to bind those we are obliged to trust with power.... In questions of power, then, let no more be heard of confidence in men, but bind him down from mischief by the chains of the Constitution." -- Thomas Jeffferson, 1799

 

Recently we have seen an abandonment of the Constitution of the USA, in favour of "Government by Executive Decree." The rest of the world can see that the Congress of the United Staes of America has abrogated its responsibility to its people, and capitulated to the demands and whims of the wealthy and the powerful, so that the wealthy become more so, and the powerful become more so, but the people perish.

 

Rise up, Americans, and re-take your country from the Despots, the Tyrants and the Dictators... before they lock you out from your own Constitution. Make unequivocal demands of your politicians, and boot them out when they vote against your wishes. Stop accepting second best - take back your freedom and your rights, before both are gone. Force your leaders to represent YOU, do not meekly accept THEIR dictates.

 

They all nodded, and went back to their reading, their TV "Law and Order" clone-programs, and their pipe and slippers. Meanwhile the wealthy went back to their vulturous activities, making a fortune through investing in U.S. Property Tax Lien Certificates! (Google might help you.)

 

And somewhere a new-born baby cried.

And its mother cried.

 

Zzzzzzzzzzzzzzzzzzzzzzz !

 

PS - Don't try to understand. If you don't understand instantly, then it might be you are only trying to rationalise something that is beyond that.

 

This has been a long post - but what the heck ... no one is reading.

 

Here is a poem I learned as a child. (Did YOU learn poetry as a child?)

 

ABOU BEN ADHEM

 

Abou Ben Adhem (may his tribe increase!)

Awoke one night from a deep dream of peace,

And saw, within the moonlight in his room,

Making it rich, and like a lily in bloom,

An angel writing in a book of gold:—

Exceeding peace had made Ben Adhem bold,

And to the Presence in the room he said

"What writest thou?"—The vision raised its head,

And with a look made of all sweet accord,

Answered "The names of those who love the Lord."

"And is mine one?" said Abou. "Nay, not so,"

Replied the angel. Abou spoke more low,

But cheerly still, and said "I pray thee, then,

Write me as one that loves his fellow men."

 

The angel wrote, and vanished. The next night

It came again with a great wakening light,

And showed the names whom love of God had blessed,

And lo! Ben Adhem's name led all the rest.

 

.......................... James Leigh Hunt (1784–1859)

[ahimsa 10]

Ingot i saw with the google satellite!!! wow you and your family lived in one of the most beatiful place in the world !!you lived in cairn the great barrier reef ,one friend that worked for an italian flight company said me that cairn is the more beatiful great barrier reef in the world !

You surelly have what we called a great quality of life,no stress,nature,beatiful sea and surelly have a political correct government better than ours.me too liked US and also in italy we had habith that the things happen 15 years later....we can saw underline some details of this in some movie,example when i was child and in a movie seen a scene were in USA in a supermarket the cash had the poss and bar-code...here in italy arrived after 10-15 years.nice the poem i like very much ...so lovely the angel ...

 

have a good week end INGOT54 you and your family.

 

ahimsa

[Ingot54 13]

Ingot,

 

The dollar remains as the reserve currency. The way to tell that it is still the reserve currency is that when there is news that arises similar in nature, but not necessarily as intense, to the financial crisis, the dollar will go up in value. When it stops reacting positively, then it loses its status as a reserve currency. its decline recently is a result of hedging and speculation. US rates are stable and would be seen rising dramatically if the dollar were being abandoned. The fed in all its arrogant foolishness would not be able to stop the rise in rates.

 

A report called "Global Trends 2025" prepared by the National Intelligence Council forecasts a whole bunch of fun stuff, primarily, the US will lose its omnipotence.

 

Read it if you haven't read it.

 

http://www.dni.gov/nic/PDF_2025/2025_Global_Trends_Final_Report.pdf

 

MM

 

Just an update ... I received a weekly newsletter just now with one of those annoying videos, which are based on the narrator "reading" from the screen as the words appear. Unfortunately they do not tell you for how long the video runs - I can tell you ... about 45 minutes. Don't try to watch it all - you won't thank me for the boring bits after the 30-minute mark.

 

Despite all the lemonade these guys are trying to sell from their tent beside the road to Armageddon, they do actually agree with the message I was attempting to convey: namely, the USA is on the brink of a surprise and very sudden collapse. The individual States and Cities are already in crisis, and there are MORE Americans depending on, and receiving Food Stamps now, than at any other time ... 44 million Americans!!!

 

That doesn't sound like a recovery ... it is sad really - these are innocent families here.

 

Food Stamp Graph… gulp | Clarion Advisory

 

You Call This An Economic Recovery? 44 Million Americans On Food Stamps and 10 Other Reasons Why The, page 1

 

Remember Bear Stearns and Lehman Bros? The announcements of their demise were made in the dead of night - Sunday afternoon Aussie time - and it is in this stealthy way the Bond Market crisis will also come like a thief in the night!

 

While markets are closed, brokers are inaccessible to receive and act on orders, and by the time the markets open on Monday morning (or in Australia, in Sydney at GMT +10) there will be panic and chaos once again. Only this time it will be an absolute frenzy, because financiers and investors are already living on the edge, due to the still-livid fear and memory of the 2008 collapses.

 

One thing for sure - our mates at Goldman Sachs I'm doing 'God's work'. Meet Mr Goldman Sachs - Times Online will already be short Bonds and anything else that is vulnerable. You wouldn't expect them to be long anything, would you?

 

What I suggest is that you take a peek at this video presentation - American APOCALYPSE | p446-4351324

 

You don't need to go right through it to get the gist of it. You might find it a bit interesting around the 15 to 25 minute mark, but after that it runs with the company spiel of how to protect yourself during a collapse.

 

One thing for certain - they believe in life after financial death. If they don't, then why would they bother suggesting to "protect your wealth" - protect it for what?

 

Why ... the recovery, of course. But if we listen to them, there'll be no point! Only doom and the financial abyss awaits us!

 

But it all does make my point very well, that the Bond Market is the key to all of this, and it is the canary-in-the-coal-mine for investors.

 

I doubt there will be much sympathy when the Bond markets take their haircuts. On the contrary - the USA has been run as a Kleptocracy: Kleptocracy and Corporate Taxes | FINANCIAL SENSE for many years now - think of a date and halve it - and yet, the citizens have continued to tolerate this.

 

Unbelievable.

 

Are they dumb ... asleep ... uneducated ... preoccupied ... naive ... contented ... bribed ... complacent ... helpless ... resigned ... gullible ... or stupid?

 

If so, then they are no different to the rest of the Western world ... but not the Middle Eastern side of it ... apparently! Iraq, Iran and the Next Move | STRATFOR

[SIUYA 11]

bad day Ingot?

like all of us, as we get older the world gets a worse place than it was when we were younger. morals decline, ethics are gone, kids are unruly - the economy is in ruin. I knew I was getting old when I said "back in my day"....

 

Seems like nothing has changed for generations - except we are wealthier, with generally declining rates of death, crime, and disease with more choices and more people.

 

C'mon is the world really that bad a place or worse than its ever been??? .