Gold continues its rise on weak dollar and short covering
- Thread starter Johnnny
- Start date
Yahweh said to Israel that they would perish for a lack of knowledge (Hos. 4:6). Most Americans, no matter their vocation, are totally ignorant of the current plight of the US dollar, especially in relation to the Euro. In short, there is a dollar crisis in the world economy due to the level of American debt, which is the largest debtor in history, owing between $70-$100 trillion.
Americans have no knowledge that the US private controlled central bank, the Federal Reserve Bank, creates money out of thin air, is the chief cause of inflation in America, and the creator of various financial bubbles in stock market and real estate.
The reason that Americans are ignorant of the current dollar and economic crisis is that the US controlled media has not reported on it. The US media is controlled by five or six major corporations; Disney owns ABC, CBS is owned by Viacom, GE owns NBC. In short, the truth is suppressed and kept from the American masses. This is the chief cause of the mind control of 99.0% of Americans.
Although many world authorities, such as the IMF (International Monetary Authority) and World Bank, said the dollar will be devalued. this has not been reported in the US media.
Effects of US Dollar decline
Formerly economic adviser to President Clinton Robert Reich said in Canada recently that the US dollar will collapse, which was not reported in the news. The devaluation of the U.S. dollar means a decline in the purchasing power of the dollar, which leads to a decline in living standards. For example, if the US dollar declines 40% and you had a million US dollars, the million dollars will only buy $600,000.00 worth of goods and services. You would have lost $400,000.00 in purchasing power.
1oz gold 1930 $20 1 oz gold 2009 $900 purchasing power remains constant
Americans have no knowledge that the US private controlled central bank, the Federal Reserve Bank, creates money out of thin air, is the chief cause of inflation in America, and the creator of various financial bubbles in stock market and real estate.
The reason that Americans are ignorant of the current dollar and economic crisis is that the US controlled media has not reported on it. The US media is controlled by five or six major corporations; Disney owns ABC, CBS is owned by Viacom, GE owns NBC. In short, the truth is suppressed and kept from the American masses. This is the chief cause of the mind control of 99.0% of Americans.
Although many world authorities, such as the IMF (International Monetary Authority) and World Bank, said the dollar will be devalued. this has not been reported in the US media.
Effects of US Dollar decline
Formerly economic adviser to President Clinton Robert Reich said in Canada recently that the US dollar will collapse, which was not reported in the news. The devaluation of the U.S. dollar means a decline in the purchasing power of the dollar, which leads to a decline in living standards. For example, if the US dollar declines 40% and you had a million US dollars, the million dollars will only buy $600,000.00 worth of goods and services. You would have lost $400,000.00 in purchasing power.
1oz gold 1930 $20 1 oz gold 2009 $900 purchasing power remains constant