The coming dollar collapse
The Outstanding Public Debt as of 11 Jan 2006 at 04:25:26 PM GMT is: over 15 Trillion dollars
The estimated population of the United States is 298,221,627so each citizen's share of this debt is $27,577.22.
The National Debt has continued to increase an average of$2.83 billion per day since September 30, 2005! It's official: as of October 18th, 2005 the National Debt has risen to over eight trillion dollars. Incidentally, it was back in December 2003, less than two years ago, that the Debt surpassed a "mere" seven trillion dollars. Wow what numbers it is estimated that the us dollar has fallen over 30% in the last 3 yrs with the numbers mentioned above another 30% is definetly possible are you ready for your dollar you work hard for every day buying 30% less than what you can get now per dollar The government is doing a good job of covering up the financial crisis we are now facing.Very few are aware that gold was outlawed in the 1930s when the govt like now had a large amount of currency flooding the market until markets would only value gold as a object of value so to keep the govt from going bankrupt all gold was confiscated and put into the reserves as history shows we made it through that difficult period but today the world is a lot different than in the 1930s with instant communication and world currency markets a currency could lose 1/2 or more of its value overnight. Whats going to tip the dollars collapse lets look at a couple of factors putting pressure on a lower dollar. Iran has planned to open a oil trading exchange this summer that will dealing in euros exclusively for there oil if that were to occur I really dont think it would be far fetched for the whole opec block to follow suit or at least a few other countries that comprise opec.Over night a large amount of dollars would hit the market the efffect, of these countries selling there dollars, kept in reserve to trade there main commodity oil. This would have a "DOMINO EFFECT" As other countries holding dollars as a reserve currency would be pressured to sell as well, due to the fact there reserves would be losing value quickly. The federal reserves job is to step in and buy dollars when there is to much market selling to keep an orderly market but the currency game "SCAM" PONZI SCHEME" Thats been going on since the 1930s has a new twist the "EURO" Thats to date valued at 125% of the dollar. This new alternate reserve currency is now the new reserve option for the whole world, in past times the federal reserve could just print up money and I do mean literaly "PRINT MORE DOLLAR BILLS" to buy dollars out standing when ever the dollar had sell offs but whats going to happen when other countries demand euros instead of us dollars. Let me give you a "HINT" The US Dollar will collapse at least 50% and this kind of drop with info technology we have today can occur quickly like over night "STAY TUNED FOR THE NEXT EPISODE" Is America Bankrupt.
The estimated population of the United States is 298,221,627so each citizen's share of this debt is $27,577.22.
The National Debt has continued to increase an average of$2.83 billion per day since September 30, 2005! It's official: as of October 18th, 2005 the National Debt has risen to over eight trillion dollars. Incidentally, it was back in December 2003, less than two years ago, that the Debt surpassed a "mere" seven trillion dollars. Wow what numbers it is estimated that the us dollar has fallen over 30% in the last 3 yrs with the numbers mentioned above another 30% is definetly possible are you ready for your dollar you work hard for every day buying 30% less than what you can get now per dollar The government is doing a good job of covering up the financial crisis we are now facing.Very few are aware that gold was outlawed in the 1930s when the govt like now had a large amount of currency flooding the market until markets would only value gold as a object of value so to keep the govt from going bankrupt all gold was confiscated and put into the reserves as history shows we made it through that difficult period but today the world is a lot different than in the 1930s with instant communication and world currency markets a currency could lose 1/2 or more of its value overnight. Whats going to tip the dollars collapse lets look at a couple of factors putting pressure on a lower dollar. Iran has planned to open a oil trading exchange this summer that will dealing in euros exclusively for there oil if that were to occur I really dont think it would be far fetched for the whole opec block to follow suit or at least a few other countries that comprise opec.Over night a large amount of dollars would hit the market the efffect, of these countries selling there dollars, kept in reserve to trade there main commodity oil. This would have a "DOMINO EFFECT" As other countries holding dollars as a reserve currency would be pressured to sell as well, due to the fact there reserves would be losing value quickly. The federal reserves job is to step in and buy dollars when there is to much market selling to keep an orderly market but the currency game "SCAM" PONZI SCHEME" Thats been going on since the 1930s has a new twist the "EURO" Thats to date valued at 125% of the dollar. This new alternate reserve currency is now the new reserve option for the whole world, in past times the federal reserve could just print up money and I do mean literaly "PRINT MORE DOLLAR BILLS" to buy dollars out standing when ever the dollar had sell offs but whats going to happen when other countries demand euros instead of us dollars. Let me give you a "HINT" The US Dollar will collapse at least 50% and this kind of drop with info technology we have today can occur quickly like over night "STAY TUNED FOR THE NEXT EPISODE" Is America Bankrupt.
posted by West Coast Media at 8:10 AM
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