Yuan World Order
Apr 14, 2013 11:38:44 GMT -5
Post by Michael Downing on Apr 14, 2013 11:38:44 GMT -5
"Conventional wisdom would have one believe that it is insane to resist this, the mightiest of empires, but what history really shows is that today's empire is tomorrow's ashes; that nothing lasts forever, and that to not resist is to aquiesce in your own oppression."
ncrenegade.com/editorial/yuan-world-order/
Yuan World Order
The pieces are falling into place quickly. There are three ways to take down the United States:
1. Replace the US Dollar as the world’s reserve currency. This stops the Federal Reserve’s control of the Treasury’s printing presses.
2. Overthrow the federal government internally. It appears that the government’s fiscal policies coupled with the elimination of the Bill of Rights is on track to accomplish this goal.
3. A combination of the two above attacks.
The list of countries abandoning the US Dollar has just increased as France is about to sign a deal with China to bypass the dollar. As with Australia, England, Japan, Iran, Russia, India and Brazil, our government’s policy addressing this change is silence. This silence may be the result of ignorance, arrogance or complicity in this take down.
What is the end result? Without the ability to print currency to monetize our debt, the dollar will collapse. Our economy will collapse. Our wealth will be devalued overnight. Sen. Tom Coburn wrote about this possibility in his book, The Debt Bomb:
Then the Wall Street markets open and the Dow loses 10 percent of its value in minutes, so trading is halted for an hour. When trading resumes the Dow falls another 20 percent, prompting Americans to head for ATM machines. Bank websites begin to crash, and an orderly coast-to-coast bank run is in progress.
A week into the crisis the dollar loses 50% of its value and oil rises from $80 to $240 a barrel.
The immediate problem that confronts government is that tax receipts to the Treasury plummet and with a government already operating on borrowed money, largely from Japan and China, there aren’t sufficient reserves to issue Social Security pension checks, make Medicare payments and pay for all the other federal entitlements.With rumors of mass layoffs, anguished American workers take to the streets and reach for matches. Whole city blocks are now going up in flames from city to city. The National Guard is called into action to restore order.
I want to make clear that the above excerpt is a scenario from a sitting US Senator.
So why is the stock market reaching new highs? On low volume? With divergence from most other economic sectors such as transportation and commodities? The French Connection is the final piece in the replacement of the world’s reserve currency with a basket of currencies. Even more important is the transfer of the world’s power from the West to the East.
David DeGerolamo
www.zerohedge.com/news/2013-04-13/china-takes-another-stab-dollar-launches-currency-swap-line-france
ncrenegade.com/editorial/yuan-world-order/
Yuan World Order
The pieces are falling into place quickly. There are three ways to take down the United States:
1. Replace the US Dollar as the world’s reserve currency. This stops the Federal Reserve’s control of the Treasury’s printing presses.
2. Overthrow the federal government internally. It appears that the government’s fiscal policies coupled with the elimination of the Bill of Rights is on track to accomplish this goal.
3. A combination of the two above attacks.
The list of countries abandoning the US Dollar has just increased as France is about to sign a deal with China to bypass the dollar. As with Australia, England, Japan, Iran, Russia, India and Brazil, our government’s policy addressing this change is silence. This silence may be the result of ignorance, arrogance or complicity in this take down.
What is the end result? Without the ability to print currency to monetize our debt, the dollar will collapse. Our economy will collapse. Our wealth will be devalued overnight. Sen. Tom Coburn wrote about this possibility in his book, The Debt Bomb:
Then the Wall Street markets open and the Dow loses 10 percent of its value in minutes, so trading is halted for an hour. When trading resumes the Dow falls another 20 percent, prompting Americans to head for ATM machines. Bank websites begin to crash, and an orderly coast-to-coast bank run is in progress.
A week into the crisis the dollar loses 50% of its value and oil rises from $80 to $240 a barrel.
The immediate problem that confronts government is that tax receipts to the Treasury plummet and with a government already operating on borrowed money, largely from Japan and China, there aren’t sufficient reserves to issue Social Security pension checks, make Medicare payments and pay for all the other federal entitlements.With rumors of mass layoffs, anguished American workers take to the streets and reach for matches. Whole city blocks are now going up in flames from city to city. The National Guard is called into action to restore order.
I want to make clear that the above excerpt is a scenario from a sitting US Senator.
So why is the stock market reaching new highs? On low volume? With divergence from most other economic sectors such as transportation and commodities? The French Connection is the final piece in the replacement of the world’s reserve currency with a basket of currencies. Even more important is the transfer of the world’s power from the West to the East.
David DeGerolamo
www.zerohedge.com/news/2013-04-13/china-takes-another-stab-dollar-launches-currency-swap-line-france