The Coming Collapse that leads to Transformative Change

[RobDownSouth]

How's the job search going, Chief?

Throb, you're not a RoryN type; you're just a closet racist.

I'm a racist? You mean like this?

I call him a nigger all the time. It's funny to watch him turn purple and start spitting...

Take your situational outrage splutter someplace else, Chief.

 

[Ishmael]

According to China Daily USA, “The World Bank’s former chief economist wants to replace the US dollar with a single global super-currency, saying it will create a more stable global financial system.” Michal Krol, a researcher at the Brussels-based European Center for International Political Economy, concludes that “it is time to formulate the fundamentals for global monetary governance.” The New York Post has reported that “the US dollar is getting perilously close to losing its status as the world’s reserve currency.” If the currency goes under, as investment banker James Rickards warns us in his new book Currency Wars, “everything else goes with it…stocks, bonds, commodities, derivatives and other investments are all priced in a nation’s currency. If you destroy the currency, you destroy all markets and the nation.” “Former Washington D.C. attorney Michael Snyder agrees, stating that “interest rates on our debt and everything else in our financial system would go up to crippling levels.”

Lending greater credence to the threat, the International Monetary Fund (IMF) has advocated the replacement of the U.S. dollar with Special Drawing Rights (SDRs); these would allow for certain assets traded in dollars to be priced using SDRs, a strategy that would reduce the dependence of central banks on U.S. Treasury bonds. “The dollar’s days as reserve currency are numbered,” blazons the Financial Times. Should an event of this magnitude come to pass, America will find itself virtually bankrupt. Every indicator — the unlimited expansion of the monetary base, the impact of prospective rising interest rates on servicing the debt, a paper-thin currency, the international threat of abandoning the U.S.-based financial system as a result of a federal Treasury suffering from prolonged dollarrhea — will have ominous consequences. Even as we speak, the Chinese devaluation of the yuan against the dollar spells further damage to the U.S. export market leading to greater unemployment (real unemployment is at least twice the official figure) — the outcome of a failed or adversarial leadership.

http://pjmedia.com/blog/future-fear/?singlepage=true

This is by far the greatest threat of all.

Ishmael

 

[4est_4est_Gump]

A collapsing economy in a nation this purposely divided is not going to be a pretty thing.

The Queen has been doubling down on supplies and I think I'm going to double-down on my 12-gauge 00 shells...

______________

I see the idiot Throb is making stuff up again. He already got Adre to believe it was the truth, but I always figured Adre to be stupid like that with his anti-Conservative bias.

 

[JAMESBJOHNSON]

A collapsed economy is a holocaust on blacks.

 

[miles]

Throb, you're not a RoryN type; you're just a closet racist.

I disagree. Anyone who regularly expresses his hatred of blacks, Jews, and gays is not in the closet. He's wearing a flashing neon sign.

 

[Ishmael]

A collapsing economy in a nation this purposely divided is not going to be a pretty thing.

The Queen has been doubling down on supplies and I think I'm going to double-down on my 12-gauge 00 shells...

______________

I see the idiot Throb is making stuff up again. He already got Adre to believe it was the truth, but I always figured Adre to be stupid like that with his anti-Conservative bias.

You can go back in history as far as you want and you will find that the overwhelming majority of great empires, nations, city states, did not fall as a result of military conquest, they fell as a result of financial ruin. Ruin as often as not brought about by the leadership policy of those entities.

The drum beat to remove the dollar as the worlds reserve currency is gaining strength. And if the facts eventually prove that the Chinese have indeed been stockpiling gold then they are going to be sitting in the cat birds seat when the dust settles.

And as an aside, when was the last time there was a public physical inventory of Ft. Knox?

Ishmael

 

[4est_4est_Gump]

I read something in the last year about the German request to get their gold out of our bank and we were not able to return their gold, but had to substitute for it instead and we refused to send the full amount that they had requested.

 

[4est_4est_Gump]

I disagree. Anyone who regularly expresses his hatred of blacks, Jews, and gays is not in the closet. He's wearing a flashing neon sign.

Okay, I laughed...

 

[RobDownSouth]

I disagree. Anyone who regularly expresses his hatred of blacks, Jews, and gays is not in the closet. He's wearing a flashing neon sign.

Whiny neurotic Jew miles has pumped up the "victim-y" to eleven today.

 

[Ishmael]

I read something in the last year about the German request to get their gold out of our bank and we were not able to return their gold, but had to substitute for it instead and we refused to send the full amount that they had requested.

Here's a related article.

Where's Germany's Gold?

Ishmael

 

[4est_4est_Gump]

And the Germans cannot stand up either the US or Russia without an economic collapse of their own.

 

[Ishmael]

And the Germans cannot stand up either the US or Russia without an economic collapse of their own.

Holding their own gold would help though.

The 300 tons that we are holding for the Germans works out of be just shy of 1 million troy ounces. According to the most recent inventory report from the treasury we are sitting on 261.5 million troy ounces. So the German holdings represent approx. 0.4% of our total holdings. Yet it's going to take 7 years to repatriate the German gold?

Ishmael

 

[4est_4est_Gump]

We stand a better chance of actually finding Lerner's emails than they've got of getting all their gold back.

China has recently been building giant new gold vaults...



Wonder how much German-American gold has ended up there?

 

[Ishmael]

We stand a better chance of actually finding Lerner's emails than they've got of getting all their gold back.

China has recently been building giant new gold vaults...



Wonder how much German-American gold has ended up there?

The estimates range from 2 - 3 thousand tons held by the Chinese. We are reputed to be holding 8.5 thousand tons.

But the Chinese have been buying up gold at an astounding rate. They're just doing it quietly, in small amounts, over an extended time line so as to not run up the price.

Ishmael

 

[miles]

We stand a better chance of actually finding Lerner's emails than they've got of getting all their gold back.

China has recently been building giant new gold vaults...



Wonder how much German-American gold has ended up there?

Jesus will reappear before we ever see those emails.

 

[4est_4est_Gump]

If he does, will the Jews convert?

 

[miles]

If he does, will the Jews convert?

Only if he could do more of those magic tricks!

 

[Ulaven_Demorte]

A collapsing economy in a nation this purposely divided is not going to be a pretty thing.

The Queen has been doubling down on supplies and I think I'm going to double-down on my 12-gauge 00 shells...

______________

I see the idiot Throb is making stuff up again. He already got Adre to believe it was the truth, but I always figured Adre to be stupid like that with his anti-Conservative bias.

Nobody has to make anything up Cap'n. He quoted your very own words. In fact, I recall both you and Ishmael chuckling like a couple of hens over that particular tidbit.

As far as you're both concerned using racist epithets is JUST fine, as long as it's someone you agree with (or you) making them toward someone you don't. Which is why you are and forever will be Cap'n Hypocrite no matter how many times you change your login name trying to hide from your past post history.

 

[Adre]

A collapsing economy in a nation this purposely divided is not going to be a pretty thing.

The Queen has been doubling down on supplies and I think I'm going to double-down on my 12-gauge 00 shells...

______________

I see the idiot Throb is making stuff up again. He already got Adre to believe it was the truth, but I always figured Adre to be stupid like that with his anti-Conservative bias.

I don't know what you're talking about here,nor do I care, I'll just note you're back to doing what you do best while accusing others of the very same thing: the personal attack. Keep up the good work.

 

[Ulaven_Demorte]

I don't know what you're talking about here,nor do I care, I'll just note you're back to doing what you do best while accusing others of the very same thing: the personal attack. Keep up the good work.

But its different when HE does it.