The End Is Near!!...

JBeee

Time Out
Jun 1, 2007
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—Gisele Bundchen (Pictures Supplied) Dumps Dollar
By Paul Craig Roberts
The US dollar is still officially the world’s reserve currency, but it cannot purchase the services of Brazilian super model Gisele Bundchen. Gisele required the $30 million she earned during the first half of this year to be paid in euros.

Gisele is not alone in her forecast of the dollar’s fate. The First Post (UK) reports that Jim Rogers, a former partner of billionaire George Soros, is selling his home and all possessions in order to convert all his wealth into Chinese yuan.

Meanwhile, American economists continue to preach that offshoring is good for the US economy and that Bush’s war spending is keeping the economy going. The practitioners of supply and demand have yet to figure out that the dollar’s supply is sinking the dollar’s price and along with it American power.

The macho super patriots who support the Bush regime still haven’t caught on that US superpower status rests on the dollar being the reserve currency, not on a military unable to occupy Baghdad.
If the dollar were not the world currency, the US would have to earn enough foreign currencies to pay for its 737 oversees bases, an impossibility considering America’s $800 billion trade deficit.

When the dollar ceases to be the reserve currency, foreigners will cease to finance the US trade and budget deficits, and the American Empire along with its wars will disappear overnight.
Perhaps Bush will be able to get a World Bank loan, or maybe one from the "Chavez bank", to bring the troops home from Iraq and Afghanistan.

Foreign leaders, observing that offshoring and war are accelerating America’s relative economic decline, no longer treat the US with the deference to which Washington is accustomed. Ecuador’s president, Rafael Correa, recently refused Washington’s demand to renew the lease on the Manta air base in Ecuador. He told Washington that the US could have a base in Ecuador if Ecuador could have a military base in the US.

When Venezuelan president Hugo Chavez addressed the UN, he crossed himself as he stood at the podium. Referring to President Bush, Chavez said, "Yesterday the devil came here, and it smells of sulfur still today." Bush, said Chavez, was standing "right here, talking as if he owned the world."
In his state of the nation message last year, Russian president Vladimir Putin said that Bush’s blathering about democracy was nothing but a cloak for the pursuit of American self-interests at the expense of other peoples: "We are aware what is going on in the world. Comrade Wolf knows whom to eat, and he eats without listening, and he’s clearly not going to listen to anyone." In May 2007, Putin criticized the neocon regime in Washington for "disrespect for human life" and "claims to global exclusiveness, just as it was in the time of the Third Reich."

Even America’s British allies regard President Bush as a threat to world peace and the second most dangerous man alive. Bush is edged out in polls by Osama bin Laden, but is regarded as more dangerous than Iran’s demonized president and North Korea’s Kim Jong-il.
President Bush has achieved his dismal world standing despite spending $1.6 billion of hard-pressed Americans’ tax money on public relations between 2003 and 2006.

Clearly, America’s leader and America’s currency are poorly regarded. Is there a solution?
Perhaps the answer lies in those 737 overseas bases. If those bases were brought home and shared among the 50 states, each state would gain 15 new military bases.
Imagine what this would mean: The end of the housing slump. A reduction in the trade deficit. And the end of the war on terror.

Who would dare attack a country with 15 new military bases in every state in addition to the existing ones? Wherever a terrorist turned, he would find himself surrounded by soldiers.

All of the dollars currently spent abroad to support 737 overseas bases would be spent at home. Income for foreigners would become income for Americans, and the trade deficit would shrink.
The impact of the 737 military base payrolls on the US economy would end the housing crisis and bring back the 140,000 highly paid financial services jobs, the loss of which this year has cost the US $42 billion in consumer income. Foreclosures and bankruptcies would plummet.

If this isn’t enough to turn the dollar around, President Bush’s pledge not to appoint an Attorney General if Michael Mukasey is not confirmed offers more promise. If the Democrats will defeat Mukasey’s nomination, there are other superfluous cabinet departments that can be closed down in addition to the US Department of Torture and Indefinite Detention.

The American empire is being unwound on the battlefields of Iraq and Afghanistan. The year is two months from being over, but already in 2007, despite the touted "surge," deaths of US soldiers are the highest of any year of the war.

The Taliban are the ones who are surging. They have taken control of a third district in Western Afghanistan. Turkey and the Kurds are on the verge of turning northern Iraq into a new war zone, another demonstration of American impotence.

Bush’s wars have endangered America’s puppet regimes. Bush’s Pakistani puppet, Musharraf, is fighting for his life. By resorting to "emergency rule" and oppressive measures, Musharraf has intensified his opposition. When Musharraf falls, thanks to Bush, the Islamists will have nukes.
American generals used to say that the wars Bush started in the Middle East would take 10 years to win. On Oct. 31 General John Abizaid, former commander of US forces in the Middle East, put paid to that optimistic forecast. Speaking at Carnegie Mellon University, Gen. Abizaid said it would be 50 years before US troops can leave the Middle East.

There is no possibility of the US remaining the Middle East for a half century. The dollar and US power are already on their last legs, unbeknownst to Democratic leaders Pelosi and Reid who are preparing yet another blank check for Bush’s latest request for $200 billion in supplementary war funding.

There isn’t any money with which to fund Bush’s lost war. It will have to be borrowed from China.
The Romans brought on their own demise, but it took them centuries. Bush has finished America in a mere 7 years.

Even as Gisele throws off the dollar’s hegemony, Brazil, Venezuela, Ecuador, Bolivia, Argentina, Uruguay, Paraguay, and Columbia are declaring independence of the IMF and World Bank, instruments of US financial hegemony, by creating their own development bank, thus bringing to an end US suzerainty over South America.

An empire that has lost its backyard is finished.
 
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Impetus

Electoral Member
May 31, 2007
447
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What would they do with all those soldiers back in the US is what scares me...martial law?

I've spoken with more anti-Bush Americans than you can shake a stick at while I've been down here in Florida. I haven't heard ONE positive comment about him.

They're even glad they got his brother Jeb out as Florida's Governor.

Muz
 

JBeee

Time Out
Jun 1, 2007
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What would they do with all those soldiers back in the US is what scares me...martial law?

I've spoken with more anti-Bush Americans than you can shake a stick at while I've been down here in Florida. I haven't heard ONE positive comment about him.

They're even glad they got his brother Jeb out as Florida's Governor.

Muz

They`ed join the now 26% of the homeless.....


Study: U.S. Soldiers Comprise 26 Pct. Of Homeless Population


November 8, 2007 11:38 a.m. EST

Jessica Pupovac - AHN News Writer​
Washington, D.C. (AHN) -

A report released Thursday by the National Alliance to End Homelessness found that although veterans comprise only 11 percent of the civilian adult population, they constitute 26 percent of the homeless people in the U.S.

"This is true despite the fact that veterans are better educated, more likely to be employed, and have a lower poverty rate than the general population," the NAEH report states.

Researchers noted a disturbing rise in the number of female homeless vets. They attributed this both to an increase in the number of female soldiers deployed in current conflicts and to many of them suffering from post-traumatic stress disorder - not only from the war, but from sexual assault. A shocking 40 percent of female soldiers say they were sexually assaulted at the hands of their fellow soldiers while deployed.

PTSD, when not properly treated, can lead to substance abuse and depression and make it difficult for soldiers to reintegrate into their families and communities.
The report found that soldiers of current conflicts are becoming homeless much faster than veterans of previous wars. They attributed that to a higher instance of PTSD, primarily to the unprecedented length of their deployments.

The current job shortage in the U.S. and a rise in housing costs, the report noted, are also playing key roles in the trend.

On any given night last year, nearly 196,000 veterans slept on the street, in a shelter or in transitional housing. In all, 495,400 veterans experienced homelessness at some point in 2006.

And those figures are expected to go up. Another 72,000 of recently returned veterans are currently paying more than half their income for rent, leaving them extremely vulnerable to experiencing homelessness in the near future.

"We're beginning to see, across the country, the first trickle of this generation of warriors in homeless shelters," said Phil Landis, chairman of Veterans Village of San Diego, a residence and counseling center, told the New York Times. "But we anticipate that it's going to be a tsunami."

Nan Roman, NAEH president, said, "These findings highlight the need to provide veterans with the proper housing and supportive services to prevent homelessness from occurring in the first place."
 

Sal

Hall of Fame Member
Sep 29, 2007
17,135
33
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Oh but they support their vets.:roll:

There are still some die-hard Shrub supporters around believe me. An American site I post on has a whole little group of the moro...um, people.
 

YoungJoonKim

Electoral Member
Aug 19, 2007
690
5
18
America's End will mean End of the Western Civilization as we know it.
EUROPE is certain to rise.
 

Kreskin

Doctor of Thinkology
Feb 23, 2006
21,155
149
63
I hear ya mon!....:smile:
It's difficult! This is what I see when a photo of that nature appears:



gfgfdgsdfgfdhghsgfshfghshgghgfjhryttrhgfhfgh



I'll take your word for whatever you wrote. lol
 

JBeee

Time Out
Jun 1, 2007
1,826
52
48
It's difficult! This is what I see when a photo of that nature appears:



gfgfdgsdfgfdhghsgfshfghshgghgfjhryttrhgfhfgh



I'll take your word for whatever you wrote. lol

...what did I c/p there anyways? Oh yea...Paul Craig Roberts..yea, blame it on him! *grin*
 

Toro

Senate Member
When the dollar ceases to be the reserve currency, foreigners will cease to finance the US trade and budget deficits, and the American Empire along with its wars will disappear overnight.

After ripping my eyes away from Gisele - yet another reason to envy Tom Brady! - I got down to the article and read this piece of utter nonsense. Roberts is supposedly an economist by training, but this is just laughable.

For example, France runs a fiscal deficit bigger than America's as a percentage of the economy, and recently ran its biggest trade deficit. And yet, dollars outnumber euros in central banks by 3-4:1.

Most countries run deficits and a large number of countries run trade deficits, and none of them are the world's reserve currencies. Yet, somehow, investors still funded their spending.

Roberts is becoming a joke.
 

Kreskin

Doctor of Thinkology
Feb 23, 2006
21,155
149
63
Is that what they were talking about? lol

That's true Toro. Must near the end of the line. I've been watching for US$ CD holders to sell and buy CDN$ oil, but this might be the next best indicator.
 

mrmom2

Senate Member
Mar 8, 2005
5,380
6
38
Kamloops BC
After ripping my eyes away from Gisele - yet another reason to envy Tom Brady! - I got down to the article and read this piece of utter nonsense. Roberts is supposedly an economist by training, but this is just laughable.

For example, France runs a fiscal deficit bigger than America's as a percentage of the economy, and recently ran its biggest trade deficit. And yet, dollars outnumber euros in central banks by 3-4:1.

Most countries run deficits and a large number of countries run trade deficits, and none of them are the world's reserve currencies. Yet, somehow, investors still funded their spending.

Roberts is becoming a joke.
Toro your right but no country has run up a debt like this one just look at the clock .Turn it on and leave it for as long as your hear then check back 8OSorry to tell ya bud that can't run on much longer like that .the bill is a coming due and theres no moneyto pay :-(
http://www.babylontoday.com/national_debt_clock.htm
 

Toro

Senate Member
Toro your right but no country has run up a debt like this one just look at the clock .Turn it on and leave it for as long as your hear then check back 8OSorry to tell ya bud that can't run on much longer like that .the bill is a coming due and theres no moneyto pay :-(
http://www.babylontoday.com/national_debt_clock.htm

What matters MrMom isn't the absolute size but the relative size. The debt may look staggering at $9 trillion or so, but in an economy over $13 trillion, that's about 70% and mid-table in the OECD, especially when you compare it to Japan at ~150% and Italy at ~125%.

That's not to make light of it. Less debt is generally better than more debt. But we have to keep it in perspective. In 1995, Canada got up to 100%, and during WWII, I believe the American debt was as high as 140%.

Its kind of like a corporation. $300 billion in debt may sound like a lot for a company, but its not when you're GE and your assets are $700 billion.
 

Albertabound

Electoral Member
Sep 2, 2006
555
2
18
I have been predicting this for quite some time, but some people here just kept saying "Oh no, the mighty U.S. dollar will always be king". Well it's starting, the dollar is sinking and countries are starting to sell off. Unless the plan is to make gold 1000,s of dollars per ounze, I see the end coming. Our Canadian dollar hit $1.10. Why would I want everything based on a lower U.S. dollar. Well, I don't and either will all the other countries that are invested in the U.S. The U.S. has now reached their peak and in headed in a out of control spiral. And there is not a damn thing any one can do about it now.

Just like the run on banks in the past, you will now see a run on the U.S. dollar. Countries will start to dump it faster than the U.S. will be able to create wars.
 

Albertabound

Electoral Member
Sep 2, 2006
555
2
18
Highlight:
Economic experts say President Bush seems to be counting on the US dollar's falling value worldwide to make the nation's goods cheaper and, therefore, lead to a boost in the American economy. But a United Nations report says that strategy is risky. Unless the US government cuts spending and starts saving, the UN says, the falling American dollar will likely lead the world market to an "abrupt and globally damaging correction."

Original source:
http://www.stuff.co.nz/stuff/0,2106,3167705a6026,00.html
Summary:
  • The United States cannot rely on a falling dollar alone to tame its soaring trade deficit but must also cut government spending and save more or risk delivering a dangerous shock to the world economy, UN forecasters have warned.
  • Without such additional steps, the world economy could suffer an "abrupt and globally damaging correction," according to the latest report on world economic prospects from the UN Department of Economic and Social Affairs.
  • A falling dollar in theory makes US goods cheaper in other countries and makes imported goods more expensive in the United States, giving a boost to the US economy.
  • Some economists say the Bush administration is counting on the sinking dollar to alone reverse the lag in trade by spurring the economy to simply grow out of it.
  • The deficit keeps growing month after month, surpassing $US650 billion last year or more than 5 per cent of the total value of US goods and services produced.
  • Federal spending cuts, to shrink budget deficits, and more savings by private Americans seem "indispensable," it said.
  • US budget deficits are now financed largely by foreign investors who lend money to Washington by buying US government bonds.
  • The world economy grew at a healthy 4 per cent rate in 2004, beating a 3.7 per cent UN forecast issued last April and 2.6 per cent global growth in 2003, the UN report said.
  • But the cyclical recovery is peaking and the gross world product will expand at a more modest 3.25 per cent clip this year, the UN forecasters predicted.
  • While growth was strong in North America, it was moderate in Japan and weak in Europe, making the European Union in many ways the world's lagging economy these days instead of Japan, the report said.
 

YoungJoonKim

Electoral Member
Aug 19, 2007
690
5
18
I have been predicting this for quite some time, but some people here just kept saying "Oh no, the mighty U.S. dollar will always be king". Well it's starting, the dollar is sinking and countries are starting to sell off. Unless the plan is to make gold 1000,s of dollars per ounze, I see the end coming. Our Canadian dollar hit $1.10. Why would I want everything based on a lower U.S. dollar. Well, I don't and either will all the other countries that are invested in the U.S. The U.S. has now reached their peak and in headed in a out of control spiral. And there is not a damn thing any one can do about it now.

Just like the run on banks in the past, you will now see a run on the U.S. dollar. Countries will start to dump it faster than the U.S. will be able to create wars.

Pray to God...may it NEVER happen..NO
NOT IN MY LIFE TIME
NOOOOOOOO