A member of our family needs a major intervention.
We’ve got to face it.
Our family member just isn’t responsible. He’s a con artist. His lazy work ethic, get-rich-quick pitches, begging us for cookies then stealing our cookie jar, down-and-out sob stories, accusations that we’re starving his children, lackadaisical care of his possessions, refusal to lock his doors so freeloaders won’t take up residence in his house, blowing the money we give him on risky ventures, addictions, and personal larks, refusal to balance his check book, reluctance to distinguish between needs and wants, denial of reality so he can continue to live his lavish lifestyle, reliance on credit card upon credit card, forgetting to pay us back, picking our pockets while we bandage his wounds, in-our-face-screaming that he can’t live on what we give him, plugging his ears while we plead with him to stop spending and live on a budget, giving our hard-earned money away to his friends so he’ll be Popularity King, making us feel guilty because we live within our means, continually expecting us to pay his bills, and his threats that we owe him a comfortable life until the day he kicks the bucket because he’s family has GOT. TO. STOP.
Uncle Sam, it’s time to sit down and shut up. Here are some things you need to hear:
Because of you, our family’s credit rating is bad… really, really bad. Because of you, our checks bounce. Because of you, the places we do business with lock their doors when they see us coming. Because of you, our credit cards are no longer accepted. Because of you, we’re a Chinese breath away from bankruptcy. Because of you, the fees and interest rates we’re forced to pay on your bad loans bilk us out of over $500 million per day… yes, $500 million PER DAY. Because of you, our national debt will reach an eye-popping, sweat-inducing, astronomical amount of $1.4 TRILLION for the 2009 fiscal year. Because of you, our dollar is falling and others are working hard to defeat it.
From Truthout.org Oct. 6, 2009: Nations Seek to Dump Dollar as Oil Currency
Robert Fisk, writing on Tuesday for The Independent UK, has reported that a number of Arab states, along with several major world powers, have been holding secret meetings to formulate a plan that would eliminate the US dollar as the main form of currency in international oil transactions.
The nations involved - which include a variety of Gulf states, as well as China, Russia, Japan, India and Brazil - are seeking to switch from the dollar to a collection of other currencies such as the yen, yuan, euro, gold as well as a forthcoming unified currency to be used by members of the Gulf Co-operation Council.
According to Fisk, the move to eliminate the dollar from international oil transactions will have far-reaching implications for the United States, and could lead to a brutal trade war with China. Fisk writes:
The Americans, who are aware the meetings have taken place - although they have not discovered the details - are sure to fight this international cabal which will include hitherto loyal allies Japan and the Gulf Arabs.
Against the background to these currency meetings, Sun Bigan, China’s former special envoy to the Middle East, has warned there is a risk of deepening divisions between China and the US over influence and oil in the Middle East. “Bilateral quarrels and clashes are unavoidable,” he told the Asia and Africa Review. “We cannot lower vigilance against hostility in the Middle East over energy interests and security.”
This sounds like a dangerous prediction of a future economic war between the US and China over Middle East oil - yet again turning the region’s conflicts into a battle for great power supremacy.
Glenn Beck explains -Are We Facing the End of the All Mighty Dollar? Part 1:
Glenn Beck –Are We Facing the End of the Almighty Dollar? Part 2:
Plans to sink the U.S.dollar are ongoing and have been fomenting for some time. Here’s an opinion/summary on the World Economic Forum’s annual meeting at Davos-Klosters, Switzerland, January 28 - February 1, 2009 Shaping the Post-Crisis World. Keep in mind that the author is a gold trader; what he claims should be taken with a grain of salt. Still, it’s an interesting read:
“Read between the lines of Putin’s speech and you find all the hints you want. The Chinese and Russians are burying the US alive. The Japanese, Germans, and Gulf States keep a very low profile for the moment. The decisions have been made: wait for 2010. They will use the unfolding chaos to introduce the new currency basket and trade rules… There is a brand new system being designed that will borrow from the past and apply 21st century tools for barter / counter trade / excess capacity etc. An Exchange Platform will cut out the banks altogether… [Chinese Premier] Wen delivered his speech in Davos and went straight to Berlin where they put the final touch on the new world currency basket, sponsored by Berlin-Moscow-Beijing-Tokyo-Riyadh. Moscow and Berlin already have a massive counter trade / barter trade agreement in place, and Beijing was eager to joint that platform as well.” The new global currencies are planned for launch in January 2010. They will be launched amidst growing chaos. Events up to that time will be tumultuous.
Uncle Sam, we’re tired of your blathering and black-jack dealing. You’re bloated and blameworthy. You have gone from being annoying and unresponsive to downright dangerous. Because we’ve enabled you too long and turned a blind eye to your buffoonery and blundering, we’re beggared, too. So, Uncle dear, it’s time for a strait jacket and rehab. Get out of our way. With de-tox and intensive therapy, maybe you’ll shed corruption and once again be a moral, contributing member of our family. Until then, we, the American people, will sacrifice all we have and all we are to restore the greatest nation on earth – the United States of America.
Times Online March 24, 2009: China Challenges Power of the Dollar as it Flexes its Economic Muscles
Bloomberg.com July 7, 2009: Debt Burden Quickens Power Shift as G-8 Loses Clout