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> Collapse of U.S. Economy Imminent

21 January 2006, 19:39

First, please consider how easy credit has been available to all, lines of credit, credit cards, home loans, car loans at 0% to sustain the american car manufacturers.

Then consider the shrinking of the middle class, the amount of money the feds are printing, the fact that the feds are now not going to report M3 statistics.

Also consider the impact of credit on money supply, it is new money, but not directly accounted for by the feds. By creating ’credit’ we are also creating inflation. Now you might say, well where’s the inflation? You don’t see it much from the low cost items you buy at walmart that are manufactured by chinese workers who make $5 a day, but you rather see it on Oil/Gas that everybody needs to use on a daily basis, whether it be to power up your car or create synthetic products.

Most of these things are measureable.

Now how long do you think we can sucker the rest of the world to be our ’slave’ for a few mere dollars? What does the USA have to offer for the dollar in terms of exports? What is manufactured there that an Indian, Chinese or Japanese person would want? Surely not a car, a television set or an even an iPod. The dollar is of course simply wanted because of it’s apparent stability, for different nations to trade amongs each other. And each one has to ensure they have sufficient US dollar reserves to buy pay for their oil bill for the month. What’s a nation’s oil bill? Well simply the cumulative amount of oil purchased by all suppliers in the country. But I think most people on here are familiar with this concept and no further elaboration is required.

One way out of this debt mess without too much of an impact on our standard of living is the devaluatin of external us dollar holdings and the conversion of internal dollars to a ’real us dollar ver 2.0’. Where you simply tell the asian countries who hold over 50% of the us debt, that their dollar is now being reduced to 10% of it’s original value. This would immediately reduce our debt load by about 36 trillion dollars. Imagine what you could buy with those savings..... The trick here would be to get them to ’agree’ to this. Personaly I think all these other countries would get quite pissed, but then how many friends does the usa have left abroad?

The Mongol empire fell, the Roman empire fell, and guess how the usa took over the UK empire? They copied their manufacturing process, and started selling to the world, creating a demand for their ’stuff’ and ’currency’. That is what China is doing with our manufacturing, and India with our services. They are not bad countries, they simply play by the rules and it also helps their population, just like it helped ours get where we are.

A lot of this stuff about prisons, camps, war can be quite frightening but are often exagerated to contrast with the current situation and make a point. There are however interesting coincidences that can be seen sometimes in the media like different countries all brining down legislation to track firearms at around the same time... The 911 story full of holes... Blix and Ritter saying no wmd in Iraq. The apparent suicide of Dr. Kelly... (http://www.guardian.co.uk/letters/s...)

But of course our gov’t would never do bad things, and are always honest. I was amazed to see a list of crimes comitted by senators and congressmen floating around the internet. Look at the current scandals and charges going around the whitehouse, congress... Abrahamoff, DeLay, Rove, Cunningham.....

I also remember the days when we were flying to different member countries of the security council (non-permanent members) to forgive billion in loans to maybe influence their vote on the Iraq issue.

March 2006 is not that far away, let’s see what happens with the Iran Oil Exchnage. 2 months, let’s wait and see! Good luck to you all!