And someone asked why he wasnt elected? Just try and swallow that reply and it will tell you all you need to know
A typical Obama supporter and loyal Dancin with the stars fan
Ron Paul speaks right over most people 's heads
Obama speaks right to all the Amercian Idol and Surivivors, loyal fans
Name calling aside, Romo is exactly right. The American people would never accept the kind of deprivation and hardship that a true correction would require - even if in the long run it would be less ruinous to the economy than the current policy. Ron Paul sounds great in theory, and frankly, I agree that the bailouts are a big mistake. But Paul's positions with regard to fiscal and monetary policy are so extreme that if they were enacted the country would turn into a Russian type oligarchy or a South American banana republic in short order. Unless a revolution and/or anarchy came first (a direction many of his supporters favor.)
Yeah right...where the hell is world going to go? If anything we will see further flight to the dollar.
There is no other alternative...we have the world by the balls on this one.
As bad as it gets in the U.S...it's going to be ten times worse everywhere else.
Abandon the dollar...not bloody likely.
We shall see....but I think this is their plan...
China Voices Support For New Global Currency To Replace Dollar!
Paul Joseph Watson
Monday, March 23, 2009
China has expressed support for Russias proposal to hand the IMF the power to create a new supra-national global currency in response to the call for an alternative to the U.S. dollar as the world reserve currency.
Last week the Kremlin called for the creation of a supranational reserve currency to be issued by international institutions as part of a reform of the global financial system.
The Russian proposal stated that the IMF should take the lead in establishing a superreserve currency accepted by the whole of the international community.
China today expressed support for the initiative and said it was ready to discuss the proposal at the upcoming G20 meeting in London on April 2.
Hu Xiaolian, vice governor of the countrys Central Bank, said that China, which holds about $2 trillion in foreign exchange reserves, was prepared to debate the issue as the dollar?s dominance and U.S. economic woes could entail considerable currency fluctuations and affect the world financial situation, reports RIA Novosti.
The creation of a new supra-national global reserve currency to supplant the U.S. dollar would likely lead to a complete collapse of the greenback, of which trillions are held in in foreign exchange reserves by foreign countries such as China and Japan.
As we have previously highlighted, the elite have exploited the problem that they created to push for increased regulation of the world economic system in the pursuit of a de-facto global financial dictatorship.
The swift and ruthless exploitation of the economic meltdown on behalf of globalists and central banks revolves around their drive to move towards a one world currency system and an unprecedented centralization of global financial power, a fact that financial analysts are finally beginning to realize.
Earlier this month, Ben Bernanke told an elite gathering at the Council on Foreign Relations that a new overarching financial authority should be created and empowered with sweeping new regulatory responsibilities.
British Prime Minister Gordon Brown, EU heads such as Joaquin Almunia and establishment media outlets like the Wall Street Journal amongst many others have all continually used the economic crisis as an excuse to argue for greater financial power, a "new world economic order" in which control is concentrated into fewer hands - with the IMF and the World Bank enjoying the spoils.
UK Business Secretary and top Bilderberg member Peter Mandelson has also pushed for a Bretton Woods for this century, to help build the machinery of global economic governance?.
Former UK Prime Minister Tony Blair, German Chancellor Angela Merkel and French President Nicolas Sarkozy all made the same appeal at a conference in Paris on the future of capitalism earlier this year.
Merkel called for the creation of a new global economic body under the UN, similar to the Security Council, to judge government policy.
Sarkozy called for a "new world, new capitalism" during his speech, as he commented In capitalism of the 21st century, there is room for the state.
Meanwhile, Blair called for a new financial order which he said should be constructed upon "values other than the maximum short-term profit".
The globalists call for a centralized global economic order that has nothing to do with providing solutions to the crisis but everything to do with providing themselves with more power and control over the worlds financial system.
paul is a theorist. his theories have never been practiced and would fail.
how can you take someone serious who wants to shut down the fed which will never happen and is unrealistic. he says wild shit because he knows how to make money. he appeals to his audience and is making money hand over fist just to say stupid shit.
perfect example: i love coast to coast am. listen to it every night. i love conspiracy talk. like talk about ufo's, aliens, harp, giants, and people living on the inside of the earth and what have you.
now noory makes a shit load, that show is on everywhere. lot of people like it. his show draws someone with my interests and he plays that card to make money.
paul does the same thing.
noory though believes it, while paul is a fraud. that's the difference.
paul's just doing it to make money. noory has done things to change his life because of his beliefs.
how can you take someone serious who wants to shut down the fed which will never happen and is unrealistic. he says wild shit because he knows how to make money. he appeals to his audience and is making money hand over fist just to say stupid shit.
perfect example: i love coast to coast am. listen to it every night. i love conspiracy talk. like talk about ufo's, aliens, harp, giants, and people living on the inside of the earth and what have you.
now noory makes a shit load, that show is on everywhere. lot of people like it. his show draws someone with my interests and he plays that card to make money.
paul does the same thing.
noory though believes it, while paul is a fraud. that's the difference.
paul's just doing it to make money. noory has done things to change his life because of his beliefs.
hno:
We have them by the balls...it's not the other way around.
China is getting nervous about holding our dollars...what can they do about it? They simply have no other alternative.
We are the engine that drives the world...and it's going to be much more evident now.
We get sick...the rest of the world ends up on their death beds.
How about stop buying our Bonds, demanding higher rates because our credit rating gets blown apart for starters.
We also face the real issue of losing our sovereignty buy being forced in a global currency and world government
All scenarios are disastrous
Just use common sense, and think about having debt no honest man can pay, and no choice but to print enough dollars because even if we taxed everyone at 100%, we can EVEN SERVICE THE DEBT!
If you call that being in the drivers set, Ill hitch a ride with someone else pal
We also face the real issue of losing our sovereignty buy being forced in a global currency and world government
All scenarios are disastrous
Just use common sense, and think about having debt no honest man can pay, and no choice but to print enough dollars because even if we taxed everyone at 100%, we can EVEN SERVICE THE DEBT!
If you call that being in the drivers set, Ill hitch a ride with someone else pal
It's incredibly naive to make up some cute little story that the world is going to dump the dollar...especially now.
For what???? :think2:
I really want to hear this answer.
http://blogs.cfr.org/setser/2009/03/24/chinas-call-for-a-new-international-financial-system/
It will be in heavy discussion during the G20 summit in less then 2 weeks
Heavy discussion..like the heavy discussion the UN does when it's really really mad at somebody...pffffffttttt.
Kill the dollar and they will all starve to death...we are the engine of the world economy. It's just a fact.
<TABLE id=ViewArticleTable cellSpacing=0 cellPadding=4 width="100%" border=0><TBODY><TR><TD vAlign=top align=left>
SCARY STUFF
USA has Two Options to Save its Economy: Declare Default or Trigger a War
by Ekaterina Yevstigneyeva
</TD></TR><TR><TD align=left width=1>
</TD></TR><TR><TD noWrap align=left colSpan=2>Global Research, March 22, 2009
</TD></TR><TR><TD noWrap align=left colSpan=2>Pravda - 2009-03-19
</TD></TR><TR><TD noWrap align=left colSpan=2>
javascript:printarticle(12844);
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<TABLE id=digTable cellSpacing=0 cellPadding=4 width="100%" border=0><TBODY><TR><TD width=60><SCRIPT src="http://digg.com/tools/diggthis.js" type=text/javascript></SCRIPT></TD><TD vAlign=baseline width=60><SCRIPT>reddit_url='http://www.globalresearch.ca/index.php?context=va&aid=12844'</SCRIPT><SCRIPT>reddit_title='USA has Two Options to Save its Economy: Declare Default or Trigger a War'</SCRIPT><SCRIPT src="http://www.reddit.com/button.js?t=2" type=text/javascript></SCRIPT></TD><TD width=60>http://www.stumbleupon.com/submit?url=http://www.globalresearch.ca/index.php?context=va&aid=12844</TD><TD vAlign=bottom align=left> </TD></TR></TBODY></TABLE></TD></TR><TR><TD align=left colSpan=2>
The United States is the largest borrower in the world. The US national debt has already exceeded the level of 11 trillion dollars as of the beginning of 2009 and continues to grow like an avalanche. Experts say that the USA has only two ways to solve the problem: to either declare default or trigger off a war.
According to experts’ estimates, the probability of default on US treasury bonds is very high at the moment. The rumors are not new at all. Moreover, experts say that the USA has already started to work on an opportunity to refuse from the dollar in order to avoid debt payments.
<!-- TEXT BLOCK 2 -->Dmitry Abzalov, an expert with the Center for Russia ’s Political Conjuncture, said that governments currently take on the debts of corporations. “The corporate debts crisis thus becomes the crisis of governmental debts. The US debt in the beginning of 2009 amounted to $10.6 trillion. Taking into consideration the current deficit budget of the United States, as well as the prospects for the deficit of the budget during the current year, it becomes clear that the US Treasury bond market is based on no alternative whatsoever. There is no other way for investors to invest their funds with treasury bonds being the only option,” the expert told Bigness.ru.
<!-- TEXT BLOCK 3 -->When the world economy recovers, investors will realize that there are plenty of other opportunities for investments, the European bonds, for example (if the European economy recovers from the crisis too, of course), or the bonds of developing countries.
<!-- TEXT BLOCK 4 -->“The pyramid of US bonds will collapse in this case. The debt percentage grows every day, which makes the USA borrow more and more on a daily basis. America will have no chances to pay off the debt,” the expert said.
<!-- TEXT BLOCK 5 -->Inga Foksha, an analyst with Aton Investment Company, agrees that the US default is quite possible, although she is certain that it will not happen unless the world finds an alternative to the US dollar. The dollar will collapse immediately in case of default, which is absolutely unacceptable, because 63 percent of world reserves are saved in dollars. Their collapse will trigger the global economic collapse.
<!-- TEXT BLOCK 6 -->“Technically, the default of the United States may occur during three or five years, although it is too early to say that it could be possible. The USA can print new dollars to pay their debts with them,” she said.
<!-- TEXT BLOCK 7 -->Nevertheless, the US government bonds still enjoy investors’ support and are still considered a risk-free investment.
<!-- TEXT BLOCK 8 -->Dmitry Abzalov believes that the current situation with the US national debt may end with a new war. The war will destroy excessive liquidity and the current debt.
<!-- TEXT BLOCK 9 -->“The war in Iraq began to delay the US crisis, which started brewing in the US economy at the end of 2000,” he said.
<!-- TEXT BLOCK 10 -->The Americans have been trying to raise their economy with the help of military actions for decades, since the Great Depression of the 1930s. A war boosts the nation’s industry, even if a recovery is based on defense orders.
</TD></TR><TR><TD class=bigArticleText vAlign=center>
Global Research Articles by Ekaterina Yevstigneyeva </TD></TR></TBODY></TABLE>
SCARY STUFF
USA has Two Options to Save its Economy: Declare Default or Trigger a War
by Ekaterina Yevstigneyeva
</TD></TR><TR><TD align=left width=1>
</TD></TR><TR><TD noWrap align=left colSpan=2>Pravda - 2009-03-19
</TD></TR><TR><TD noWrap align=left colSpan=2>
javascript:printarticle(12844);
</TD></TR><TR><TD noWrap align=left colSpan=2>
<TABLE id=digTable cellSpacing=0 cellPadding=4 width="100%" border=0><TBODY><TR><TD width=60><SCRIPT src="http://digg.com/tools/diggthis.js" type=text/javascript></SCRIPT></TD><TD vAlign=baseline width=60><SCRIPT>reddit_url='http://www.globalresearch.ca/index.php?context=va&aid=12844'</SCRIPT><SCRIPT>reddit_title='USA has Two Options to Save its Economy: Declare Default or Trigger a War'</SCRIPT><SCRIPT src="http://www.reddit.com/button.js?t=2" type=text/javascript></SCRIPT></TD><TD width=60>http://www.stumbleupon.com/submit?url=http://www.globalresearch.ca/index.php?context=va&aid=12844</TD><TD vAlign=bottom align=left> </TD></TR></TBODY></TABLE></TD></TR><TR><TD align=left colSpan=2>
The United States is the largest borrower in the world. The US national debt has already exceeded the level of 11 trillion dollars as of the beginning of 2009 and continues to grow like an avalanche. Experts say that the USA has only two ways to solve the problem: to either declare default or trigger off a war.
According to experts’ estimates, the probability of default on US treasury bonds is very high at the moment. The rumors are not new at all. Moreover, experts say that the USA has already started to work on an opportunity to refuse from the dollar in order to avoid debt payments.
<!-- TEXT BLOCK 2 -->Dmitry Abzalov, an expert with the Center for Russia ’s Political Conjuncture, said that governments currently take on the debts of corporations. “The corporate debts crisis thus becomes the crisis of governmental debts. The US debt in the beginning of 2009 amounted to $10.6 trillion. Taking into consideration the current deficit budget of the United States, as well as the prospects for the deficit of the budget during the current year, it becomes clear that the US Treasury bond market is based on no alternative whatsoever. There is no other way for investors to invest their funds with treasury bonds being the only option,” the expert told Bigness.ru.
<!-- TEXT BLOCK 3 -->When the world economy recovers, investors will realize that there are plenty of other opportunities for investments, the European bonds, for example (if the European economy recovers from the crisis too, of course), or the bonds of developing countries.
<!-- TEXT BLOCK 4 -->“The pyramid of US bonds will collapse in this case. The debt percentage grows every day, which makes the USA borrow more and more on a daily basis. America will have no chances to pay off the debt,” the expert said.
<!-- TEXT BLOCK 5 -->Inga Foksha, an analyst with Aton Investment Company, agrees that the US default is quite possible, although she is certain that it will not happen unless the world finds an alternative to the US dollar. The dollar will collapse immediately in case of default, which is absolutely unacceptable, because 63 percent of world reserves are saved in dollars. Their collapse will trigger the global economic collapse.
<!-- TEXT BLOCK 6 -->“Technically, the default of the United States may occur during three or five years, although it is too early to say that it could be possible. The USA can print new dollars to pay their debts with them,” she said.
<!-- TEXT BLOCK 7 -->Nevertheless, the US government bonds still enjoy investors’ support and are still considered a risk-free investment.
<!-- TEXT BLOCK 8 -->Dmitry Abzalov believes that the current situation with the US national debt may end with a new war. The war will destroy excessive liquidity and the current debt.
<!-- TEXT BLOCK 9 -->“The war in Iraq began to delay the US crisis, which started brewing in the US economy at the end of 2000,” he said.
<!-- TEXT BLOCK 10 -->The Americans have been trying to raise their economy with the help of military actions for decades, since the Great Depression of the 1930s. A war boosts the nation’s industry, even if a recovery is based on defense orders.
</TD></TR><TR><TD class=bigArticleText vAlign=center>
Global Research Articles by Ekaterina Yevstigneyeva </TD></TR></TBODY></TABLE>
