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Bank Of England Policymaker Predicts Unprecedented Dollar Collapse
Warns that within five years global dumping of dollar assets could be complete
Steve Watson
Infowars.net
Tuesday, Jan 6th, 2009
A former member of the Bank of England’s Monetary Policy Committee has predicted a massive collapse of the dollar within the next two to five years, warning that a government increase in spending under President elect Obama could be disastrous.
Willem Buiter, who served the BOE from June 1997 to May 2000, has stated that he expects to see the plug pulled from under the dollar as foreign investors turn away from the dollar and other US backed assets including government bonds.
Writing for the Financial Times, Buiter, now a Professor with the London School of Economics European Institute, comments: “There will, before long (my best guess is between two and five years from now) be a global dumping of US dollar assets, including US government assets. Old habits die hard. The US dollar and US Treasury bills and bonds are still viewed as a safe haven by many. But learning takes place.”
Buiter, who has previously advised the World Bank, the IMF and the European Commission, points out that the dollar has managed to stay afloat due to the misguided notion that the US can make more capital on overseas investments and interests than foreign investors can make on US assets – a hypothesis that economists have referred to as “American alpha”.
However, he believes the global financial crisis has exposed the fatal flaws in that assumption.
“The past eight years of imperial overstretch, hubris and domestic and international abuse of power on the part of the Bush administration has left the US materially weakened financially, economically, politically and morally,” Prof Buiter writes. “Even the most hard-nosed, Guantanamo Bay-indifferent potential foreign investor in the US must recognise that its financial system has collapsed.”
Buiter warns that a Keynesian-style increase in public spending, the economic stimulus plan mooted by President elect Obama, will not work in the long term because underlying the fundamentals of the US economy is what he describes as a “deep structural rot”.
(Article continues below)
“If the authorities go ahead with the short-run Keynesian stimulus without having convinced the global capital markets and domestic producers and consumers that there will be a timely reversal, the policies will not work.” Buiter states.
“If the government is believed to be fiscally continent (future taxes will be raised and/or future public spending will be cut by enough to safeguard the solvency of the state) but turns out not be so after all, the Keynesian fiscal policy will be effective in the short run (as long as the public believes in the fiscal virtue of the government) but will become highly contractionary once the truth dawns.” he continues.
Buiter also states that he expects Federal authorities to allow the dollar to depreciate under an inflationary monetary policy, rather than default on Federal debt.
“The US Federal government has taken on massive additional contingent liabilities through its bail out/underwriting of the US financial system (and possibly other bits of the US economic system that are too politically connected to fail).” Prof Buiter comments. “Together will the foreseeable increase in actual Federal government liabilities because of vastly increased future Federal deficits, this implies the need for a future private to public sector resource transfer that is most unlikely to be politically feasible without recourse to inflation. The only alternative is default on the Federal debt. There is little doubt, in my view, that the Federal authorities will choose the inflation and currency depreciation route over the default route.”
Buiter warns that this course of action on behalf of the Federal government is unsustainable and will ultimately lead to a massive dollar collapse.
“If I can figure this out, so can anyone in the US or abroad who follows recent economic developments. The dawning of the realisation will lead to the dumping of the assets.” he concludes.
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61 Responses to “Bank Of England Policymaker Predicts Unprecedented Dollar Collapse”
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January 6th, 2009 at 12:49 pm
Eh… 2 to 5 years? If the economy doesn’t get better by then oh well. Who knows?
I would like to also point out that this guy is probably not putting his money where his mouth is.
January 6th, 2009 at 12:58 pm
This is a flimflam!
Obama: Build! Spend spend! More War in Afghanistan (And just about everywhere else!) Spend spend KILL KILL!!
Print more free money for everyone!
However? Cut Taxes?
The dollar is not going to be worth the paper it is printed on, China owns us and we kind of wrote them a bad check. What happens when we can’t afford to buy the massive amount of imports? Insurance, EPA, OSHA, and a bunch of other acronyms got a strangle hold on any business who want to try and compete.
PROZAC NATION!!! Is it because of this? Or Worse yet, the Cause of it?
January 6th, 2009 at 1:05 pm
The issue is what currency are they going to move to? The U.S. currency isn’t the only fiat currency that sucks. Most of the major currencies operate in a similar fashion to our crappy debt and inflation based money system. Yeah, people can move to gold, but by the time most people loose faith in the fiat currency, commodities will be so expensive that only the rich will be able to make the move and it will be too late.
January 6th, 2009 at 1:10 pm
The dollar won’t take 2 to 5 years to collapse… it’s well on it’s way. I still don’t see why the stock market is making gains, when all we have is bad news. Oh, and the Tax break that Obama is going to give us…lol… 500 a year, that will be matched by a new gas tax. It’s just a shifting of money, one giveaway, is balanced or even overpowered, by another new tax. The state I am in, is talking about tagging an additional 30 to 40 cents per gallon on gasoline. That will more than likely consume any freebie gift of *less taxes* that Obama will hand out.
January 6th, 2009 at 1:26 pm
Pass me a barf bag.
January 6th, 2009 at 1:32 pm
There ain’t no Gold out there – cos the Elite have got it – why did Brown when chancellor of the excequer (sic) sell UK Gold Reserves at rock bottom prices ? You gotta ask yourself who gained ?
January 6th, 2009 at 1:37 pm
the united states is in moral and economic decay
the government of this country is running a going
out of business sale like a store that is closing
the jobs obama plans to “create” are mostly enviromental
policing jobs that do not create any thing of value, therefore
will not create any wealth so will be a drag on the economy
when the government becomes insolvent, and no other bailouts are
possible, this country will cease to exist, and the states will break
up into regional entities. our founding fathers are rolling over in their
graves at the mess the democrats and republicans have made of
our nation.
January 6th, 2009 at 1:53 pm
Charles has the right of it. Nothing is given for free or it would have no value. Prozac realy doesnt have anything to do with it at all. All of this is being done in an effort to convert the wealth of an entire nation into the hands of the federal government. For decades experts and even science fiction writers have said that the “dollar” is obsolete. Where the sciencefiction writers come into it is that they have seen the “replacement” for the dollar for a long time. The “credit”.
Just as at one time, our dollar was backed by gold and could be reimbersed for gold, a new shift is takeing place. As then, after the first market crash, you could no longer change money for Gold, soon, you will no longer be able to change credit for money.
And if you do not think that you already use “credits” just look in your wallets or purses. That ATM card, those gift cards, hell, even your check book. They have been deviseing systems for years to replace money. but why go through the trouble?
For that answer, look in your mailbox, take a look at your bank statement. It shows every single place that you spent money, where it came from and when. Look at the hoops that you had to go through to open an account in the first place. Its just another system of absolute control. its a system of control that not even free spirited panhandlers will be able to survive. Because in the end, every thing costs something and it is getting to a point that even “makeing a living” of any type is just another form of survitude.
With the federal government calling the shots for all these banks that were bailed out, they can make what ever standard they wish to put in place for you to secure a loan, or to even have a debit card. For example… How many have been asked for there mothers maiden name for a checking account? Valid state ID? Social security card? All of us have at one bank or another. When its the only form of currency left, they can put what ever standards they want on a new account, shift the blame to the banks, and never once supposedly infringe on our liberties. Oh, the future is bleaker than you think.
January 6th, 2009 at 1:54 pm
It won’t take 2 years, this collapse is going to happen this year – just after March 21st 2009.
Google Martin J Armstrong to learn about how he predicted every major crash in the last 30 years and then was thrown in jail without trial because he refused to give his economic model to the CIA. Armstrong released his model on the internet last october anf if you read it you will be astounded. He Gives March 21st as gthe next downturn date that will l last 2 years.
What drives this? ‘energy of conciousness’ from the galactic center is waking more people up to the farce of fractional reserve banking and other unscrupuous things like war, elitism and the farce of global warming/change being the fault of man.
Peace.
January 6th, 2009 at 1:55 pm
The last paragraph of the article says it all. ANYONE who has studied this can see it coming. PREPARE! food, water purification devices, gold, silver, simple home heating (no electricity required), guns, ammo, etc.
January 6th, 2009 at 2:01 pm
If the Bank of England are NWO, then why tell people this?
Hmmmm
January 6th, 2009 at 2:19 pm
Of course everything is gonna collapse. They are just mopping everything up and getting the control grid in place before that happens. Then they will draw the NWO out of their hat with a new “World Currency” and Amero.
But they will fail miserably if we gett off our butts, expose them and KICK THEIR ASSES!!!!
And NEVER turn in your guns!
January 6th, 2009 at 2:28 pm
It’ll collapse if that’s the NWO goal. They’re the one’s that control the money supply. There has to be a diminishing return for even the NWO scumbags by pushing us off a cliff. I’m leaning towards more fear mongering than reality.
January 6th, 2009 at 2:29 pm
Jeff, he doesn’t work for the BoE any longer.
January 6th, 2009 at 2:32 pm
http://www.ExposingChristianity.com
- Judaism, Christianity and Islam are all programs to keep spiritual knowledge away from the populace in order to keep humans spiritually enslaved.
January 6th, 2009 at 2:41 pm
and the war on drugs continues…
http://www.youtube.com/watch?v=v3DXaeK-8XE
January 6th, 2009 at 2:56 pm
They are making Sanja Gupta of CNN atorney general LMAO, make a media shill the head of your medical team what a joke
http://www.cnn.com/2009/POLITI.....index.html
January 6th, 2009 at 2:56 pm
i mean Surgeon General, sorry i was just still laughing my ass off
January 6th, 2009 at 3:04 pm
Help break the mind-control over the sheeple-Print these out (in landscape format) and put em on bulletin boards etc.> > http://strawberry.noob.jp/4/src/1228851712638.jpg
January 6th, 2009 at 3:37 pm
Alex Jones, just as he promised his jewish sponsors, has almost completely driven the jewish-Israel genocide in Gaza off the front page just as soon as he felt he could get away with it. The jew-nazis have started systematically destroying all the schools, and medical facilities (as I said they would a few days back), and just as this happens, Jones orders a MASSIVE scale-back of Gaza coverage.
Perhaps you thought if the nazis rose again, and began their war on Humanity, Jones would be amongst the first to be screaming the news from the rooftops. YOU ARE WRONG. Adolf Hitler rode into power on the back of people that the sheep naively thought would seek to warn them of such evil. The holocaust in Gaza doesn’t even cost Alex Jones one second of sleep.
Compare with ‘WHATREALLYHAPPENED’. That site does not use the excuse of old financial news (like this story about the collapse of the dollar) or irrelevant politics in Greece to hide coverage of jew-nazi atrocities. Alex Jones is worse than Michael Moore, because Moore never pretends to be anything other than what he is.
January 6th, 2009 at 3:57 pm
Hey vein, you don’t know what your talking about, alex jones has been talking about the gaza conflict on his radio show overtime. He has not been pro Israel anything, he’s a pretty busy guy, you think he is sitting there shredely controling prisonplanet from his computer, wake up. Quit spreading your propaganda.
January 6th, 2009 at 4:40 pm
If we have a big bang it will go down fast. If not give it time, the unraveling is picking up speed but there are plenty of people and businesses that are in good cash positions and this will keep it going longer than you think. There are also lots of people that still have credit and some money after bills that are still wasting cash. This will keep up for a while, again, unless there is a big bang like Joe Biden says!! I believe this is part of the reason for keeping the market up, keep the sheep asleep. Understand, those of us here are a slim minority. 99% of my family is still in denial and it will take a big bang to wake them up. Then they will be scared of the muslims and be ready to bomb Iran. Unless there are people in our gov’t working to overthrow the NWO people we are screwed. Self preservation should be your #1 concern.
January 6th, 2009 at 4:41 pm
Your standard of living is being destroyed.
It doesn’t take a former BofE hack to spell out what is happening in the United States.
It wouldn’t take an economist to foresee that a family living on credit card debt, losing its potential to earn income while spending more and more on pointless trinkets is going to come undone.
The greatest employment growth in the United States has been in the service industry and in the public sector – workers in restaurants serving food to government employees. The ability of the nation to produce exports to create national wealth is dying fast.
You have been sold to the bankers by the politicians.
You are being taken from a ride. Your hard-earned money is being stolen from you and most Americans don’t even comprehend how it is happening. Worst of all, our children and grandchildren are facing terrible times if we let this continue.
All we need to do to unseat our rulers is stop using their money. When we switch to an alternative currency their system will fall. The central banks will dissolve and their political actors will be out of a job.
Click the link below to explore a new inflation-proof currency, new economic format and new social structure that leaves the criminal bankers and corrupt politicians out of the picture altogether.
Don’t fight the system:
Replace it
http://socialviability.com/
January 6th, 2009 at 4:44 pm
A word from the wise. Watch out. This guy Buiter is bad news and a crack pot. Read his blog on the FT. The guy is involved in ….shall we say a radical critique of conservative culture.
January 6th, 2009 at 5:03 pm
Absolute BS! That jack ass is part of the Anglo/Dutch banking system. Which wants to ruin the US. We must get away from their corrupt Oligarchs and form a credit system with other nations like Russia and India. Shove it up your ass Rothchilds.
January 6th, 2009 at 6:09 pm
How can he predict it? Because the bastards behind the Bank of England caused this disaster. These guys aren’t genius. They are stupid parroting mouth pieces who don’t have a single original thought. Go back to the flames, you luciferian bastard.
January 6th, 2009 at 6:18 pm
China and al the other treasury holder and dollar holders owns nothing – other than worthless dollars. Wait until they realize they have nothing, not even collateral. It will be less than two years. hehehehhahahahahaha
January 6th, 2009 at 7:15 pm
2 to 5 years???? More like 2 to 5 months. The US government is bailing out Pyramid scams for christ sakes. Why do you think that the Madoff firm was investigated 8 months early and they found nothing was wrong? Obvious Answer: Because ligaly there was nothing wrong, that is business as usual in our current scam of an economy. The other “hedge funds” and the whole concept of fractional reserve banking amounts to basically a pyramid scam.
All other countries know that 9/11 was an inside job, that our economy is based on nothing, and that our governments use supremacy as the real world currency, money is nothing to these people, power however is in high demand.
We are about to see the big collapse, prepare yourselves. Again this hole implosion is another inside job!!!!!!
January 6th, 2009 at 7:20 pm
DONT WORRY BARK O’CLINTON WILL SAVE US IN THE CLINTONS 3RD TERM OR WILL THE CLINTONS GIVE BANKERS MORE RULES TO HELP LOOT THE COUNTRY LIKE THEY DID IN THERE 1 AND 2 TERMS.ALL THE RULES CONGRESS MADE AFTER THE 1ST GREAT DEPRESSION TO NEVER LET THE BANKS LOOT THE COUNTRY AGAIN CLINTON ENDED,NOW WE FACE A WORSE DEPRESSION THAN IN THE 30′S
January 6th, 2009 at 7:26 pm
What they own is the blind obedience of the American sheeple. Not the people, just the sheeple. that is an awful lot of taxes to be used as fractional reserve not to mention all the loans they will make at 8% annual times 30 years, let’s see, 30 times 8 = 240% PLUS the principal. Not a bad deal for the Banks. I’d get in on it myself if it didn’t really push on my sense of ethics. I think a person has to have a pretty low estimation of their fellow humans to rip them off like that. I’m sure they have it all justified.
January 6th, 2009 at 7:37 pm
no to mention Rich, that now you can buy and sell debt, WOW buy and sell debt, what a great scam that is. I borrow 5 bucks off you and you charge say an amediate 1 dollar interest on it, you can then sell the resulting 6 bucks to Peter, Peter can then sell 7 dollars to Bob, Bob sells 8 bucks back to me. I then sell you (Rich) 9 dollars which you can sell while everybody in the world speculates on that debt being paid. Wow, kinda sounds like Las Veganomix to me, Oh ya, and the house always wins too!!!!!
January 6th, 2009 at 7:38 pm
Wow i picked the wrong field, Electricity, shoulda been a money changer or debt seller, maybe then i could get everything for doing nothing!
January 6th, 2009 at 7:39 pm
Oh, i’m the middle man, you gotta gime a cut
, why just for the sake of it.
January 6th, 2009 at 8:30 pm
If hyperinflation truly is on its way, now is the time to purchase a house, or several, and land, if possible, on fixed mortgage loans. Why? because they will be locked in and will have to accept your agreed upon monthly payment, even though the dollar will be worthless. They will be bound to accept your worthless paper money (which you will have plenty of) and you will own tangible assets (real estate) once you easily pay them the worthless paper that people will be burning in their fireplaces.
January 6th, 2009 at 8:40 pm
LMAO, your a funny guy enough, you think they will accept that Fiat after it is exposed for what it is, no you will be a slave to the bank and they will not accept that paper money that is so abundant. If you think that money will be good for anything, you are living in lala land.
January 6th, 2009 at 8:42 pm
It will not take 2 to 5 years for the US economy to fall on it’s face as this shill states, at some point in 2009 the inevitable will happen and the ensuing chaos that will follow is the reason for the troops to patrol the streets of America.
This is NOT a “Prediction” at all, this is them up in your face telling you what they plan on doing to your money which should be taken as just that, IN YOUR FACE corruption.
What will you do when you can no longer go to the store to get your food? You had better start to think about it because it’s coming very soon to this country.
January 6th, 2009 at 8:49 pm
Word!!! Forced freedom, i got mine, but i only built enough tinfoil hats for me and my family, hope everybody else has been making theirs.
When the people i have been warning about this telling them to prepare to not be dependant on the system come running to me, i’ll say sorry, i only made like 6 tinfoil hats. You guys didn’t make any?
January 6th, 2009 at 9:04 pm
to Rob in CT!
Hi Rob, surely printing/creating more money out of thin air must create inflation? I think this guy is dead right, I wish he weren’t. The collapse of the US system seems iminent given the sheer size of the subsequent deficit that will prevail in light of the bailout plus other fed funded deficits.
Hey who knows, maybe his money is were his mouth is, we don’t know & certainly you don’t!though in any case I fail to see how his personal investments reflect on the simplicity & truth behind his warning. He is doing us all a favour wether he realises it or not in allowing us to prepare for a hard 5 years ahead.
Hold on for the ride, it is going to get very interesting.
January 6th, 2009 at 9:07 pm
PIC, they will have to accept it by contract law. Possession is 9/10 of the law anyway. You think they will be able to come take physical property in crisis? I hope they try, and many bankers die (along with cronies).
January 6th, 2009 at 9:08 pm
I built a tin foil castle.
January 6th, 2009 at 9:41 pm
I am glad to hear that enough! lol, i got the stuff that can make the tinfoil
January 6th, 2009 at 9:48 pm
Bla bla bla….same BS More crap, more spewing of useless carbon.
We just need and learn to say NO and turn our backs on these fkng azzwholes.
The money system failed, they failed, and now they want to keep us enslaved with a new scam?
Fk that. Fk them too. WE DON”T NEED THEM ANYMORE. They are useless parasites. Users. Cons. Thieves. People…wake the fk up you idiots. I’m sick and tired of being stung by the cattle prod because of failed democracy! You want to live by their rules? Then go ahead. Just don’t tread on me because I’ll bite you with deadly venom.
January 6th, 2009 at 9:56 pm
The Bank of England has just said the British just finally won the American Colonies back through deceit (Federal Reseve Corp.) Actually they stole it while Americans worried about the contenders in the Superbowl.
January 6th, 2009 at 10:02 pm
For those of you who haven’t heard/watched the video by Lindsey Williams I highly suggest you do…this whole process is a planned deal… http://video.google.com/videop.....1450576553 …he was interviewed by Alex Jones and other high profile activists… there is NOT going to be a war on Iran…they will just bankrupt it by lowering the price of it’s only real commodity to such levels that Iran will no longer be able to function…there is a reason for everything, and I agree that we shall see the dollar collapse much sooner than the predicted 2 to 5 years, I say by end of summer 2009 we will either have to take the Amero or starve…
January 6th, 2009 at 10:47 pm
My prediction:
1. The elite of the world will be pummeled by the poor in all nations of the earth because they will become enlightened as to who to direct their anger towards in 2009.
January 6th, 2009 at 10:53 pm
I agree with united we tands bottom line, this is bullshit and it needs to stop.
the only problem is how are you going to convince the every day uninformed person?
Even if we do and are successful in bringing the bad guys down, what are we going to do
about preventing it from happening again? We have to be real about this. This situation
is extremley complicated and in order to make the steps to change things once in for all
we need to really be honest and understand FIRST what is the core root to our problems.
lets all think about that and don’t blame a group either, if anything lets think about where
this way of thinkng stems from, what poisons these people and us to destroy everything good. And please leave your religous beliefs out.
January 7th, 2009 at 12:09 am
How does one acquire this magical tin foil you speak of?
January 7th, 2009 at 12:19 am
There is extreme volitility in the currency markets. No strong trends are developing, and money is beginning to leave the treasury. The created money by Uncle Sam will eventually find its way in to the real market. The monetary velocity of these TARP assets are being purposefully slowed to prevent the devaluation, but they can’t hold them for long. Position yourself well; invest wisely and with full understanding.
January 7th, 2009 at 1:01 am
Al_CIA da makes another Appearance
TA-DA! right on cue
http://www.cnn.com/2009/WORLD/.....index.html
January 7th, 2009 at 1:39 am
you all must have a lot of money or something?? Invest wisely?? jesus christ! We let it happen. So let me ask this… I don’t need to hear deragatory remarks, its just a long question that need simple answers.
When the dollar crashes, whatever…, and there are no jobs and businesses down size dramatically or fail. Corporations fall and have MASS layoffs. Americans get , or SHEEP get scared out of their minds, further endangering economy.
Prices go up to a point before business owners realize that nobody will buy it, shit tanks, China wants there money that they financed from the cold war Reagan. Middleast troops get cut off with no money for supplies and machinery, etc. I believe WW III will be here by 2010. Its a perfect answer. The loss Of Billions of human lives.
Because if not, My personal answer is a Violent start of a Revolution.
Gov’t answer is WWIII, but the only part I think that is total bull shit, is that everyone who is middle class and up will not do shit until the poor are fed up and take action to just Survive.
Then after this WW III ?????? Who will put up a fight for a new kind of Government?? Because you know !!! that there are some bad ass Secret Bunkers that will house a lot for years!!! and whos to say that Gov’ts will use total destruction of nuclear weapons? Russians will want to survive too.. But what do I know, I would like to know what ya think might happen??? Oh, who seriously believes that theres gold in Fort knox????
PEACE!!
January 7th, 2009 at 2:06 am
EVERYONE WHO WANT 2 EXPOSE THE NWO NEEDS 2 DO THE FOLLOWING….
WRITE ON EVERY PAPER CURRENCY IN YOUR POSITION THE FOLLOWING…
*INFOWARS.COM
*PRISONPLANET.COM
*GOOGLE: LOOSE CHANGE FINAL CUT
*GOOGLE: ENDGAMES:BLUEPRINT FOR GLOBAL ENSLAVEMENT
IT YOU REALLY WANT TO GET THE WORD OUT FASTER, YOU NEED 2 DO WHAT I STATED ABOVE…
GOOD LUCK 2 EVERYONE AND GOOD LUCK 2MANKIND…………
January 7th, 2009 at 4:46 am
I doubt if “they” let Showbama get that far. To bring down the US economy is to bring down the worlds economy. He is obviously not prepared for this job. Expect a manufactured crisis to remove him from the job.
January 7th, 2009 at 5:44 am
I personally think President Elect Barack Obama will do well under the present circumstances. 2009 will not be a good economical year for the U.S,which will affect other countries as well. I’ve heard all sorts of wild stories involving this ‘Economic Earthquake’.
Whatever happens,we will get through it.
I cannot afford to get all paranoid against our government at such a time as this.
January 7th, 2009 at 8:29 am
He is so right. Here is the fuller picture. Kissinger signed with Saudi to develop their oil fields if they promised to sell oil with the USA currency only.
This created foreign countries will to sell imports to get dollars to buy oil. America quit talking about import/export balance. This is debt one.
Inflated housing via Federal Reserve easy credit. No Americans can not afford to purchase anymore on wages they get. Prices must go down.
Deflation due to fiat monetary Federal Reserve’s easy credit. Now will take most of Americans wealth into thin air just like the money was created to allow them to buy.
So after deflation, property and stocks worth nothing. If government spends, printed, they will inflate essentials we need to live on. Then the world rejects our currency for trade. That will force the dollar to be worth so little that exports are greater then imports. Bringing those dollars for oil home.
Tunsami is coming, with stocks bottoming this year. About a year from them, that reality will hit the street. Then the world rejecting our currency.
What will stop this, Every American quit spending and paying debts off, and government cut debts and expenditures. USA is going down, what we do now only affects the recovery.
Welcome to fiat currency, Federal Reserve where only a few get rich because they know how it works. The rest claim future with hope.
January 7th, 2009 at 10:59 am
SEEMS EVERYTHING IS IN PLACE. LETS RUN THE ARTICLE AND PANIC THE SHEEP ABOUT THE CERTAINTY OF THE DOLLAR COLLAPSE. WE WILL KEEP THE NEW HIGH TECH AMERO CURRENCY PRINTERS RUNNING FULL SPEED SO WE CAN RUSH OUT THIS NEW CURRENCY JUST AS THE SHEEPLE WAKE UP AND REALIZE THEY MUST BE SAVED FROM STARVATION DUE TO OUR INDUCED HYPERINFLATION THROUGH OUR NEW PUPPET PRESIDENT OBAMA.
January 7th, 2009 at 11:40 am
First of all, the deception here is that a “federal reserve” note is a dollar. It’s not, and never was. Federal Reserve Notes are NOT dollars. Get that through your heads. They are defined in law as “obligations of the United States”. Obligations ARE NOT dollars. The term “dollar” is also defined in law.
Richard Milhouse Nixon COULD NOT take the United States off the gold standard by executive decree. A Constitutional Amendment is required to LEGALLY do that. Richard Milhouse Nixon was a criminal. He’s probably been re-incarnated as a maggot in some trash can someplace. Or a microbe on a maggot’s ass. You get the picture of the Karmic justice I’m talking about.
The “dollar” as they call it, HAS ALREADY COLLAPSED as result of the very existance of the Federal Reserve whose owners ATTACKED and REPLACED the Constitutional Dollar with a “fiat” dollar. Fiat is French for FALSE.
Do you all undestand what has happened to you? I’ll give you a clue. In the Bible, it was known as “Slavery by Usury”.
The money issuers (The owners of the Federal Reserve) have enslaved the society in this country by USURY ie DEBT.
The answer has been sitting in front of your faces for a long long time. To end the Federal Reserve, you have to kill the Rothschilds. That’s right. You have to kill them. Why? Because they are not going to let their slaves simply walk away. It ain’t going to happen people. You can have all the “End the Fed” protests you want. It’s not going to “end” the “fed”. But you kill the Rothschilds and the rest of the owners of the “fed” and declare ETERNAL HOSTILITY against this establishment backed up with the force of 100,000 armed citizens, and let them call you what they will, terrorist, insurgent, protestor, mutherfucker, whatever. They called George Washington the same god damned thing.
January 7th, 2009 at 1:09 pm
Well Folks you can either oil up your ass or oil up your gun .Which one do you choose.
January 7th, 2009 at 9:53 pm
*********************************************************************
EVERYONE WHO WANT 2 EXPOSE THE NWO NEEDS 2 DO THE FOLLOWING….
WRITE ON EVERY PAPER CURRENCY IN YOUR POSITION THE FOLLOWING…
*INFOWARS.COM
*PRISONPLANET.COM
*GOOGLE: LOOSE CHANGE FINAL CUT
*GOOGLE: ENDGAMES:BLUEPRINT FOR GLOBAL ENSLAVEMENT
IF YOU REALLY WANT TO GET THE WORD OUT FASTER, AND EXPOSE THESE DEVIL WORSHIPPERS, THAN YOU NEED 2 DO WHAT I STATED ABOVE…
GOOD LUCK 2 EVERYONE AND GOOD LUCK 2 MANKIND…………
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January 9th, 2009 at 2:39 am
Ok, this is off topic, but for those who have not forgotten 911 and seek additional information, get your popcorn ready and check this informative flick at:
http://video.google.com/videop.....7672451515
Share with all.
–Peace
January 11th, 2009 at 5:35 am
Good luck trying to use that Kruggerand at Bloom.
Food should be the currency.
February 13th, 2009 at 6:42 pm
Chill out its all good.! The monetary system has done the job it was intended to do. yes its obvious to all the fractional reserve system will fail like all other forms of control and governance that have failed before it. And it needs to fail totally for there to be any hope of instituting a resource bassed system where the need for profit is elliminated. (see. The Venus Project) As to the degree the transition affects you is up to you.! Fear of unknowen and attachment to materialism is only your ego resisting change. I sugest we all contemplate how we would like it to be, perhaps a global society that is more inlightend without a monetary system. dont worry people have been working on this very thing for a long time. technology can be used to its full potential for solving problems as there would be nothing to hold it back. relevence of politicians and governance will end and with it crime purportrated for personal gain. look then to the current financial situation as our greatest hope for a better world where no one is subsevient to any other. take solice in knowing what comes is going to be wonderfull and better than anything we can imagine. only your fears or the degree to which you can love yourselves and others will determin your exsperince of this event. Remember wars, hostility, scarecity and the moneytary system only exsist if people are willing to particpate in them. my sugestions for preperations would be. sell your shares dont join the millitary or carry a weapon of any sort. if you work in goverment or any financial instution Quit..! move to where you can communalise and be self relient for food and energy forget living normally and start living naturally. and at the very least if you cant help yourselves or those trying to bring an end to this global slavery then just stay out of our way. no more yours and mine we are in this together.! LOVE it all and judge nothing..!