If the world realizes we've borrowed more than we can repay, they will lose faith and credit in the U.S.
That's all the dollar represents. The world just needs to lose confidence over time for it to happen.
About a year or two ago the IMF DID release the new global currency for governments to trade in...I think they started with 2 or 3 trillion as sort of a test...It was at one of the G-25 summits or something...Or overnight... The IMF is talking about issuing it's own bonds as "The world needs a stable reserve currency" per IMF board. That means the IMF is wanting to print it's own currency now.
Bam, Dollar loses at least 25% over night. At least. 50% when the first bonds are bought. At Least.
Obammy decides to try and "lay down the law" over protests and China stops buying our debt.
10% over night and who knows where from there.
We are at the edge. It's not going to be pretty.
Or overnight... The IMF is talking about issuing it's own bonds as "The world needs a stable reserve currency" per IMF board. That means the IMF is wanting to print it's own currency now.
Bam, Dollar loses at least 25% over night. At least. 50% when the first bonds are bought. At Least.
Obammy decides to try and "lay down the law" over protests and China stops buying our debt.
10% over night and who knows where from there.
We are at the edge. It's not going to be pretty.
Here's the deal,while we all think that this is independent in nature and called for by the people make no mistake it is not. It is globalist in nature and is highly organized by external sources I guarantee it and will bet my life on it. No matter how you look at it, this will NOT turn out well for the USA or for FREEDOM.
This statement demonstrates a point very well. When we were telling the public what to fear over the last 20+ years, no one would listen. Now that it's too late to matter everyone looks and says "wow, you were right". Hopefully I am wrong and it's not too late, but don't bet on it. Oh, and Mitch Daniels is a globalist and for this reason will make a terrible president, be forewarned when the Republican party chooses him to run in 2012.Two years ago I would have dismissed your statement as tin foil hat fodder. Today? I hear you and could not agree more. The next 10 years are going to be the most pivotal in the history of the US.
Two years ago I would have dismissed your statement as tin foil hat fodder. Today? I hear you and could not agree more. The next [STRIKE]10 [/STRIKE] 2 years are going to be the most pivotal in the history of the [STRIKE]US[/STRIKE]WORLD.
Sounds like an ACORN organized demonstration from the American left to me.Participants were urged to shout, "We want food, we want work, we want housing, we want fairness" -- a slogan that highlights common complaints among Chinese.
Wow, most people on here has no clue as to what is going on overseas with these communist/ muslim lead riots. There is no freedom coming to these people. The same thing happened in iran when they forced the shah into exile. Scum 30 X's worse than the shah took over. Same thing is going to happen here. The difference is they now have acquired a very powerful army.