Ebert Reviews IOUSA

I have not seen the movie, but heard it was good, but missed the cause of the problems.

First, the one guy was right China cannot call the loan by loan we are talking about Treasury securities issued and backed by the government, those do in fact have terms. 90-day, 1 year, 2 year 3 year, 5 and 10 year securities. Those pay interest, and China cannot call them.

Loans that are callable are credit lines or credit facilities for corporations or other more liquid loans that are based on loan covanents. If your business takes out a loan and agrees to remain so much in cash or achieve so much in sales you have to provide that data to the bank regularly. If you miss those provisions your debt can be called. You agree to those terms. Treasuries trade in a primary market which to whom they are sold and then a secondary market. So, China would have to sell them in the seconary market, Treasuries are not callable to the issuer the American Gov't.

China can however, sell them effectively calling them. If China were to dump them on the open market taking whatever price was able to move them the dollar would collapse, and this is why everyone in this forum that gets it are so scared.

We are one event away from the dollar collapsing. I personally think that event is the bombing of Iran by Israel. Iran will stop selling oil to the world through dollars, China, Russia and a number of other countries will begin to trade oil in euros, or yuan or chickens it doesn't really matter at that point.

Once that happens, the dollar will be worthless, nations will dump dollars to buy oil in other currencies. I was talking to a major economist in this country will I have to leave nameless, and he said the dollar is naturally unwinding as other nations diversify away from dollars and into other global currencies, and that it will happen gradually and naturally.

I disagree. I am an economist by trade, not that that means anything, but when you hold something that is nearing worthless, do you hang on to it in hopes that it regains its value, or do you quickly move to the next thing that will be valuable and allow you to trade and protect your standard of living?

You get the point, nobody will want to hold dollars at that point. Then our new currency the Amero will be ushered in and with the full faith and credit of the US gov't damaged and our economy wrecked by all this, we the American people who live in fear and misinformation will jump at the opportunity to join with Mexico and Canada and the next leg of the New World Order will be ushered in. And the tipping point will be upon us for economic unions throughout the world.

If America was smart and wanted to restore the trade inbalance we would remove our sugar import taxes and raise our corn prices. Essentially, creating an OPEC like entity that controls the export of our Corn and Soybeans. Since, we have the world's greatest supply of corn and soybeans and the ROW is so hungry to grow and eat better food and achieve a higher standard of living, we could effectively do what the middle east has done to us.

The problem is the bush's, clinton's and banker's of the world believe in population control and need the dollar to collapse to usher in the next union which will be far more of value to them, as opposed to higher export prices for our food and natural gas which would provide value to the entire country of the US especially the midwest and the south.