Dear MSM wackos,
If you think the economy is recovering, you must be mad...
Amidst the confrontational G20 meeting in Pittsburgh this week, news emerges from the wires that the dollar will soon be dead. Reuters gently announced the news that several foreign nations are now bailing on the dollar. "The U.S. Federal Reserve said it would begin to scale back short-term cash auctions in early 2010, while the European Central Bank, the Swiss National Bank, and the Bank of England announced they would curtail steps taken to ensure dollar liquidity."
I love that last part.
Of course, China, the largest holder of US debt, has long ago announced its plan to avoid the dollar and invest in raw materials and other commodities. In fact, they are not buying our debt at all anymore.
One has to wonder who will buy all this debt we have accumulated? The answer quickly seems to be no-one, and the talk around Wall Street water coolers is that the dollar is doomed.
Japan will not touch our debts, and now it looks like the EU as well as the Bank of England will also say, "Thanks, but no thanks ..."
If the Fed cannot sell our debt, (except to themselves through Caribbean off-shore Ponzi Schemes), while Congress is in the middle of approving another increase to their record debit limit, we will have a problem, Houston.
Yes it's true folks, the dollar is definitely dead.
When will it happen? Can't tell for sure, but when the selling starts ...
Car alarms? I don't think so. That piercing sound you hear would be newly created sound weapons provided by way of military contract.
Inside closed doors they're just carving up the worlds resources, that's all.
