This video gives good insight into why the dollar will collapse:
Fundamentally the US dollar as the worlds reserve currency is on it’s way out because it has been devalued yet artificially propped up to an extent where it is creating unbearable global financial tensions. These can not be undone unless the rest of the world is prepared to continue to pay for America’s corporate and Government colonialism, false economic and social values – and their unpopular warmongering.
It turns out that the rest of the world is going to turn around and sticks two financial fingers in the direction of the USA. Asian economies have started the trend to de-pegging currencies from the dollar. There is a big push in this direction in the middle East too. If Europe does not follow suit soon we will be the losers whilst those who decouple from the US will win.
Most central banks do not want this to happen. They fear the devaluation of their dollar denominated “investments” (read worthless pieces of paper or numbers in a computer). They are afraid of global financial collapse.
Bad luck guys. We are in a global financial collapse, it has been a long time coming and the rest of the world is waking up to the fact that it is not just the American currency, but the American social, political and economic model we must de-couple from. The dollar investments ARE worthless – the US has no chance of ever paying it’s debts. It is bankrupt.
What are they going to do? Print more dollars to pay the debt? They can not – every time they print a dollar at the federal reserve it creates a one dollar debt at the treasury. You can’t print your way out of too much printed money.
So we have to de-couple from the USA. If we do not do so we will get dragged down the pan with them. The UK, being lead by some of the most profoundly ignorant people having been educated in outdated institutions, places great and unearned trust in America. We are less likely to decouple from America than other countries – not least because the US security apparatus have a lot of very messy information on our politicians, bigwigs, royal family and such they have gathered over many years.
The UK pound is taking a bashing because we are perceived to be one of the most stupid countries in the world in that we are least likely and will be the latest acting in decoupling ourselves from the US model. The last out will be the worst affected.
My advice to Gordon Brown: Tell Obama that he needs to impeach and imprison the former presidents Bush I, Bush II (AKA limited functionality version), and vice president Cheney. It is essential they are in solitary for the second stage to work and he can use his powers as President to name them as “Enemy Combatants”, giving him the power to imprison them in solitary for three years.
Then he must nationalise the Federal Reserve or the bankers will just pull the rug from under him.
Next start a real investigation into 9/11 – in the knowledge that the FBI, FEMA, CIA, NSA and other security apparatus of the US Government, though nominally under his watch will still be controlled by agents of the Bush family, and can thus not be trusted at all. Promote all US defence staff and security staff to whistle-blow and provide a means for them to do so and security measures for them.
Then the truth might come out as to why a cabal of the oil rich, bankers and politicians ordered the 9/11 attacks, preparing the US people for the removal of their civil rights – to which they have happily succumbed – on the whole.
It might be messy but it is better to have an honest mess than a dishonest mess. At least you know what you are dealing with. As long as we play the “Ostrich game” we may as well have our heads buried in the shape-shifting quick-sand that is “US Government policy”.
Axel Merk talking on Bloomberg about the fall of the US Dollar and de-pegging of currencies:
So why is it ABSOLUTELY IMPERATIVE we must decouple politically and economically as soon as possible from the USA? Simply put: the American social and economic model has lead to the most greedy and selfish nation in the world (the US uses 30% of world resources and has 6% of the world population), the most aggressive nation in the world (US Aircraft carriers displace more water than the rest of the world’s combined), and the most politically corrupted system anywhere in the world (in the last seven years the Bush administration has rewritten and nullified the US constitution through back door get out clauses).
This selfish, greedy, aggressive and corrupt nation will pull us down with it – in an attempt to save themselves – at our cost. It is already happening. Foreign central banks have pumped billions of US$ into the system to see them disappear into black smoke. Now there have already been complaints that US commercial banks are using the bail-out money to create asset backed debt instruments packed with crap loans expressly to sell to foreign central banks. This is a direct attempt to export more American ignorance in the form of packaged loans. Luckily the Central banks are onto this already.
If they put one cent into these “assets” they are adding to your personal debt. Wherever you are in Europe your Government has made you personally indebted to the tune of tens of thousands of dollars this year alone – irrespective of your own financial thrift, you are now a debtor. Let’s not let this situation continue one day longer.
Instead let’s face the music and dance: It is time for the US dollar to fall. It is time for the US people to consume much less. It is time for the small cabal of international bankers and politicians that have deliberately manipulated and created this situation – in order to profit from it – to be placed behind bars whilst we unravel the unholy mess they have tried to drop on our doorsteps.