freegirl
04-02-2009, 09:28 AM
http://www.silverbearcafe.com/private/04.09/theend.html
From the article:
I recently moved to Ecuador. Not for a vacation. Not for a month or two. I moved to Ecuador for good, as a permanent resident. Upon hearing my plans for living in South America, many people who knew me in the States asked things like, "Well what about the stability of Ecuador as a nation?" To which I would respond, "Oh, you mean the stability of banks that don't make loans and don't invest in derivatives? You mean the stability of a nation where the population still has the courage to march in the streets and throw corrupt officials out of its capitol?"
These questions make Americans pause. Most tend to think of public demonstrations as signs of a political instability. But in fact, public demonstrations are a sign of a healthy Democratic process. And Democracy is alive and well in Ecuador (with the usual level of corruption you find in any democracy).
It is in America, where the sheeple have been terrorized into staying inside the boundaries of their little "protest zones," that you find a fragile, unstable nation.
Through complacency and fear-mongering, most Americans have become cowards when it comes to political activism. They think emailing their Senator a few times a year is all that's required to defend freedom and preserve a nation. Marching in the streets is seen as uncivilized... or even unpatriotic! The government agrees with this, too, now labeling anyone who protests in public a "potential terrorist" and targeting them for FBI investigations.
The multi-trillion-dollar theft scheme
In the mean time, while the sheeple of America are caught up in their hypnotic dreams of world domination, white-collar hoodlums in Washington D.C. and Wall Street are stealing everything!
The oft-repeated creation of $1 trillion in new money out of thin air by the Federal Reserve has made the U.S. dollar the laughing stock of the world. The leaders of the G20 nations have already decided to ditch the dollar and shift to other world reserve currencies, and China is now blatantly and publicly asking the U.S. put up some kind of collateral to back up future debt purchases, to which the U.S. says "Don't worry about the debt. We're good for it!"
And when $165 million in bonus money got paid to AIG employees, the tyrants in Washington demonstrated the true reach of their confiscatory punishment by enacting, within mere days, a 90% income tax rate on those bonuses. Sure, I agree those AIG executives deserve no bonus money, but the fact that the legislative branch of the U.S. government can reach out and hammer a targeted group of U.S. citizens with a retroactive 90% income tax rate should send shivers through any American that earns any income at all.
It has all taken on the caricature of a political circus. The perception around the world now is that America is not merely a land of the incompetent and the bankrupt; it's also a land of fiscal buffoons and political puppets who have no real ability to save the crashing economy.
The Fed's plan to increase the money supply 15-fold
But the real story starts to unfold when you realize the Federal Reserve is now hell bent on multiplying the U.S. money supply by a whopping fifteen times in 2009! This excellent article explains how this number is derived: http://www.marketskeptics.com/2009/...
Now think about this: If the Federal Reserve increases the U.S. money supply by a factor of fifteen, that means your dollars will be worth only 1/15th the value they represent right now. So a loaf of bread that costs a dollar right now could cost $15 when all this extra money ripples through the system. (Which will obviously take a couple of years, but 2009 will be the beginning of it.)
This is called "hyperinflation." We're talking about a loss of over 93% of the purchasing power of the dollar. That, my friends, is called a collapse of the currency.
And once it starts, the floodgates will be opened and the tsunami of investors and nations offloading dollars will be catastrophic and irreversible. By the time it's all done, the dollar might end up losing 99.9% of its value, and you can use greenbacks to light a fire or wipe your back side, as they will be useless for anything else.
Why America's currency - and government - is headed for total collapse That's why I say America's days are numbered. The America as we know it, at least. This repeated creation of trillions of dollars in new money by the Federal Reserve is the last great looting of the U.S. economy by the wealthy elite. The Titanic is sinking, and high officials have monopolized the life rafts, leaving everyone else to drown with the ship. And while they're rowing away from the doomed vessel that's taking on water, they shout back to the low-income workers clinging to the rails, "Don't worry! The ship isn't really sinking. It's just 'correcting!'"......
From the article:
I recently moved to Ecuador. Not for a vacation. Not for a month or two. I moved to Ecuador for good, as a permanent resident. Upon hearing my plans for living in South America, many people who knew me in the States asked things like, "Well what about the stability of Ecuador as a nation?" To which I would respond, "Oh, you mean the stability of banks that don't make loans and don't invest in derivatives? You mean the stability of a nation where the population still has the courage to march in the streets and throw corrupt officials out of its capitol?"
These questions make Americans pause. Most tend to think of public demonstrations as signs of a political instability. But in fact, public demonstrations are a sign of a healthy Democratic process. And Democracy is alive and well in Ecuador (with the usual level of corruption you find in any democracy).
It is in America, where the sheeple have been terrorized into staying inside the boundaries of their little "protest zones," that you find a fragile, unstable nation.
Through complacency and fear-mongering, most Americans have become cowards when it comes to political activism. They think emailing their Senator a few times a year is all that's required to defend freedom and preserve a nation. Marching in the streets is seen as uncivilized... or even unpatriotic! The government agrees with this, too, now labeling anyone who protests in public a "potential terrorist" and targeting them for FBI investigations.
The multi-trillion-dollar theft scheme
In the mean time, while the sheeple of America are caught up in their hypnotic dreams of world domination, white-collar hoodlums in Washington D.C. and Wall Street are stealing everything!
The oft-repeated creation of $1 trillion in new money out of thin air by the Federal Reserve has made the U.S. dollar the laughing stock of the world. The leaders of the G20 nations have already decided to ditch the dollar and shift to other world reserve currencies, and China is now blatantly and publicly asking the U.S. put up some kind of collateral to back up future debt purchases, to which the U.S. says "Don't worry about the debt. We're good for it!"
And when $165 million in bonus money got paid to AIG employees, the tyrants in Washington demonstrated the true reach of their confiscatory punishment by enacting, within mere days, a 90% income tax rate on those bonuses. Sure, I agree those AIG executives deserve no bonus money, but the fact that the legislative branch of the U.S. government can reach out and hammer a targeted group of U.S. citizens with a retroactive 90% income tax rate should send shivers through any American that earns any income at all.
It has all taken on the caricature of a political circus. The perception around the world now is that America is not merely a land of the incompetent and the bankrupt; it's also a land of fiscal buffoons and political puppets who have no real ability to save the crashing economy.
The Fed's plan to increase the money supply 15-fold
But the real story starts to unfold when you realize the Federal Reserve is now hell bent on multiplying the U.S. money supply by a whopping fifteen times in 2009! This excellent article explains how this number is derived: http://www.marketskeptics.com/2009/...
Now think about this: If the Federal Reserve increases the U.S. money supply by a factor of fifteen, that means your dollars will be worth only 1/15th the value they represent right now. So a loaf of bread that costs a dollar right now could cost $15 when all this extra money ripples through the system. (Which will obviously take a couple of years, but 2009 will be the beginning of it.)
This is called "hyperinflation." We're talking about a loss of over 93% of the purchasing power of the dollar. That, my friends, is called a collapse of the currency.
And once it starts, the floodgates will be opened and the tsunami of investors and nations offloading dollars will be catastrophic and irreversible. By the time it's all done, the dollar might end up losing 99.9% of its value, and you can use greenbacks to light a fire or wipe your back side, as they will be useless for anything else.
Why America's currency - and government - is headed for total collapse That's why I say America's days are numbered. The America as we know it, at least. This repeated creation of trillions of dollars in new money by the Federal Reserve is the last great looting of the U.S. economy by the wealthy elite. The Titanic is sinking, and high officials have monopolized the life rafts, leaving everyone else to drown with the ship. And while they're rowing away from the doomed vessel that's taking on water, they shout back to the low-income workers clinging to the rails, "Don't worry! The ship isn't really sinking. It's just 'correcting!'"......