the sinking dollar
"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
"Government is the only agency that can take a valuable commodity like paper, slap some ink on it, and make it totally worthless." - Ludwig von Mises
"The regional Federal Reserve banks are not government agencies. ...but are independent, privately owned and locally controlled corporations." - Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982
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In 2003 and into 2004, the government has been assuring us that a declining dollar means that US products are cheaper for foreign nations to buy and we shouldn't worry about the drop. But the dollar is dropping so quickly that foreign investors see long term losses quickly swamping any potential gains from investment in the US and are likely to withdraw because OHMYGAWD THERE IS A NEW TERROR ALERT! ORANGE ORANGE! ORANGE! ORANGE! TERROR! TERROR! TERROR! TERROR! Film at 11!
The wealthiest people of the country are dumping dollars for more valuable currency, such as the Euro (which surpassed the dollar in 2003), and investing in precious metals like Gold. What does that tell us? According to some financial sources, the US dollar is currently devalued by over 40%! The outsourcing of American jobs isn't helping the situation either.
If this continues, there will be another 1929-style Great Depression. In fact, some financial experts say we are already in a depression and that it just hasn't been officially classified as one yet for political reasons.
articles
Doom For The Dollar--And Everything Else
No end in sight to dollar's descent
Rest of world gets sick of propping up Bush's deficit
U.S. Debt Burden Is Higher Now than During Depression, Study Says
The total amount owed – by consumers, businesses, governments and financial institutions – totaled $34.4 trillion at the end of 2003, according to the Federal Reserve. The economy produced $11.3 trillion of output.
The United States Is In Deep Doodoo
The swindle of the system is simple. The Federal Reserve Bank hires the US Treasury to print up some money. The Federal Reserve only actually pays the treasury for the cost of the printing, they do NOT pay $1.00 for each $1.00 bill printed. But the Federal Reserve turns around and loans out that money (or credit line) to banks at full face value, those banks which have exhausted their deposits then loan that Federal Reserve fiat money to you, and you must repay it in the full dollar value (plus interest) in work product, even though the Federal Reserve printed that money for pennies, or created it out of thin air in a computer.
The High Cabal's Economic War Against the World
