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BA Deere
Honored Advisor

After the dollar collapse and currency war.

 

http://www.youtube.com/watch?v=BFg6FG8MVdo    Okay class, this morning we will discuss the "Hegelian Dialegic"  http://www.crossroad.to/articles2/05/dialectic.htm    write that definition in the dust on your pickup dash and submit it to memory.

8 Replies
Craig's Brother
Senior Contributor

Thank you for posting this.

Thank you for posting this.

rawhide
Advisor

Re: Thank you for posting this.

kinda sums up what's going on doesn't it

BA Deere
Honored Advisor

Re: Thank you for posting this.

Here Paul Craig Roberts talks about the possibility of we being in the same boat as Cyprus

http://radio.goldseek.com/nuggets.php    See I have been of the opinion that "the fed will just print it`s way out" and not have to touch American pensions and bank accounts.  Well the fed is printing now and that works because the rest of the world is also printing where they can. 

 

However one day the dollar will be in trouble, the fed won`t keep up with the exodus away from a worthless dollar, like a loose woman that has had too many lovers and now is disease ridden and no one will touch her.  I think the real reason for us going into Iraq was because Sadam was threatening to move away from his oil being denominated in US dollars, that was a risk of a snowball that had to be stopped, he simply got too big for his britches.

 

Roberts talks about the fed using Goldman Sachs and JP Morgan to "short gold" on paper, this is because the worldover, bonds are compared to the price of gold, when it was $1900 that was too high.  Any other investment that is on a bull run, traders ride the wave, but with gold Morgan and Goldman were shorting, which by coincidence helps the fed keep interest rates low and maintain value in bonds.  Why does Jamie Dimon and Jon Corzine have a "license to kill"?

 

Craig's Brother
Senior Contributor

Re: Thank you for posting this.


@BA Deere wrote:
I think the real reason for us going into Iraq was because Sadam was threatening to move away from his oil being denominated in US dollars, that was a risk of a snowball that had to be stopped, he simply got too big for his britches.

And Muammar Gaddafi proposed a gold backed currency for oil in Libya, also attacked.

jput
Senior Contributor

Re: Thank you for posting this.

Coming soon to a US theater near you,   the sinking of the oba-Titanic economy:

 

...Under conditions expected to be announced on Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, the source told Reuters, while the rest of their deposits may never be paid back...

The bad news is that 37.5% of zero is still zero, and the plane is crashing. The worser news is your parachute was stolen and your share doesn't have a rip cord.

r3020
Senior Advisor

Re: Thank you for posting this.


@jput wrote:

Coming soon to a US theater near you,   the sinking of the oba-Titanic economy:

 

...Under conditions expected to be announced on Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, the source told Reuters, while the rest of their deposits may never be paid back...

The bad news is that 37.5% of zero is still zero, and the plane is crashing. The worser news is your parachute was stolen and your share doesn't have a rip cord.


That'll teach them rich bass turds. Wonder what they will do now that the other people's money is gone.

jput
Senior Contributor

Re: Thank you for posting this.

And when obama starts looting US retirement accounts and giving us all IOUs,  (worthless paper) it will be a similar financial haircut.

 

 

BA Deere
Honored Advisor

Re: Thank you for posting this.

That is a very good point.   I`m sure Gadafi was no saint but he did pretty darn good  over there

http://www.youtube.com/watch?v=XorKTwkFPDU  It was fishy how 0bama and the Dems got this bug in their butts to get rid of him and now the Moslem brotherhood is running things.  Gadafi was made a example of, Bashar al Assad better be taking notes.   They always start with stories of how these leaders "tortured and had rape rooms" then we`re all supposed to fall 4 square behind squandering money on a never ending war that has nothing to do with "rape rooms" but more the new world order.