hope you are not holding dollars!
I often wonder at what point will the world realize that the US is just a big melting pot of corruption? They have to know already. And what is keeping them from protecting themselves? Our military might?
I think it is because, in a sense, we are "too big to fail." Everyone nearly panicked when Mexico nearly collapsed a few years ago. No one knows the ramifications of the United States economy, by far the biggest economy in world, completely collapsing. It is a truly appalling prospect even to those on the outside. While people like Peter Schiff are saying that they will be better off without us, it is hard to make that leap of faith when so much of the world relies upon our consumption.
In the end, Peter Schiff is right, but even there, no one knows how hard the interim will be for everyone nor how long it will last.
The collapse of this American domino would crush the rest of the global economy and power-structures.
"If I want to be free from any other man's dictation, I must understand that I can have no other man under my control." ~William G. Sumner
"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun
AS PRESTIGE WEARS OFF ON GOLDMAN SACHS, GOLD WILL FILL A VACUUM. There are reasons why the Goldman Sachs gold short position in Tokyo has dwindled to nearly zero in the last two years. Goldman might be secretly going long gold, in my view, just like they went short the mortgage bonds just a couple years ago. THE WALL STREET ELITE MIGHT SOON TURN ON A DIME AND GO LONG GOLD, WHEN THEY PULL THE SWITCH AND IGNITE REFLATION IN ORDER TO PREVENT A SYSTEMIC COLLAPSE.
this is exactly what they are doing! when the metals went down how many people were here on the dailypaul whinning and complaining! people were scared out of there metals positions, and who was buying on the other end? think folks.. don't let people like the village idiot mearksea talk you out of buying your metals.. now is a great time to buy if you can find it! precious metals mean are not reliant on a federal government economic system!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
I am more concerned about the return of my money than the return on my money. --Mark Twain
This article is dynamite, but it gives me some hope. If these facts can come to light, perhaps we can turn this disaster around in the sense that those responsible are held to account and justice can be served.
I would feel much better about this possibility if Ron Paul were our President, but he still remains a strong voice in Washington, and more and more people are beginning to listen to him. They cannot afford not to.
We tend to think that the American People are in such a deep slumber that they will never do anything to defend themselves against the massive criminal actitives of our government, the Federal Reserve and the corrupt corporations. I actually think that there will come a time when we have all had enough. It may take the absolute destruction of the economy to accomplish it, but in misery the People will rise up.
I believe so too. The thing that frightens me is what we will establish in their place. I would hope that we would look to someone like Ron Paul, but let us face it, people like Ron Paul are very rare. Very few people have the convictions and the will to live by them that he does.
We will have accomplished nothing if we replace one corrupt regime for another. We may actually come out of it much worse.
I, for one, plan to pray.... a lot.
they will be held accountable by 300 million poor, broke hungary Americans who watched there lives be destroyed by those in DC and on Wall Street!
The fundamentals of the USDollar are mired in failure. The banking system is insolvent, yet flush with cash. The households in America with mortgages are 18% insolvent. The housing prices are actually accelerating downward still! The jobs wagon just rolled over a cliff, as one million monthly job losses are likely by summertime. The retail chains face major shutdowns, as many Big Box tenants cannot pay the $300k/month rent. The car industry has lost three of its four wheels. The eradication of the United Auto Workers union seems the obvious agenda, which if not permitted, will result in untold job losses throughout the biggest vertically integrated factory and financial network in the nation. Newspapers and websites are seeing their ad revenues slowly vanish, sure to lead to job cuts. Major universities and colleges are forced to find a way to continue without the benefit of rising endowments, thereby forcing job cuts and construction pullbacks. The hidden risk is the gigantic sinkhole of insurance firms, which endure liquidation, thus exposing thousands of companies to shutdowns from basic lack of required coverage and violation of covenants.
The dollar is no longer the safe haven. This article is more bad news and pain coming down the pipe.
things are going to be interesting from here on out!
Jim Willie is one of my favorites. I already had printed this article out from 321gold. You can hear Jim on Contrary Investors Cafe. I think it is recorded on Tuesdays and posted to the website on Wednesday. So check tomorrow to see if he was interviewed by Michele.
“Paper money eventually returns to its intrinsic value - zero”. Voltaire-1729
You should post part of the article!
"The principle for which we contend is bound to reassert itself, though it may be at another time and in another form." ~Jefferson Davis
please do it! I will let you have the honors!
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