This is all leading to a world economic system, the dollar has been to far ahead of 3rd world countries. The goal of so many of these new policies seems to be to hold back the usa to give them a chance to narrow the gap. Think about some of the things that has happened with transportation, education, and energy.
the feds are hiding behind this global warming farce and writing laws to prevent something that’s probably not real, no oil rigs (don’t drill there might be a spill but they don’t mention that natural seepage is pouring oil into the oceans daily) no new nuke plants to dangerous(yet other countries are encouraged to build them). No coal (yet a coal fire in china has been burning for 50 years). No gas guzzlers (yet china now builds the EVIL Hummer).
Think about the fact that the majority of the bail out has gone to budget relief not only for the USA but other countries too, I have seen as much as 2 /3 as the number. so if the economy was so bad why would they spend cash on programs and budget relief, and not factories and industrial institutes? Honestly I don’t see very many Shovel ready projects going on........except for the horse crap they shoveling down our throats.
This is from an article written 2007
Dollar, schmollar ... I'm gonna spend!
The massive account deficit we currently hold with the rest of the world totals some $800 billion per year. Where the heck is all that money coming from? From foreign investors in China, Japan, the Middle East, and nearly every other conceivable corner of the globe. They have no problem lending us the difference, because while we as a country spend more than we make -- we're still incredibly wealthy and good on our word.
NOTE THIS NEXT PART…id be more then happy to lend someone a boat load of cash who may not be able to pay me back simply because when the don’t pay I start taking his belongings…..Chinas plan…….they own more than any of us would like to believe.
But like a massive Ponzi scheme, the fun will certainly end. In the past six years, the value of the dollar has taken a serious beating. The Euro, worth $0.85 a few years ago, is now worth $1.47. Yikes. But because the average American shops mostly within the borders, this probably isn't too pressing an issue, and so the greenback's plummet doesn't show its full effects.
How about the foreign investors funding our perilous spending party? You'd better believe they're keeping a close eye on the dollar's precipitous plunge. As a foreign investor holding assets denominated in dollars, every drop in the dollar erodes the value their investments will be worth when they choose to convert them back to their native currency, whether yuan, yen, euros, or pounds.
How do we keep our foreign investors happy? With a rapidly depreciating currency, there is but one way to keep them enticed: higher interest rates. You heard it: higher interest rates. With the housing and credit markets swimming in turmoil, the idea of higher interest rates sends shivers down the backs of homeowners facing foreclosure, and rightly so. I think you can see the predicament we face: One part of our economy demands lower interest rates to bail out the housing debacle, and foreign investors who finance our massive spending habits demand higher interest rates to forestall the dollar's demise.
My goodness, this is looking scary. What will happen next? More importantly, what's a Fool to do?-end-
AND What will happen next? that’s the question we have the answer to ……….CRASH
Hide sight is 20/20 so we should all open our eyes.
MDK
yes absolutely, the goal is population control and serfdom.
those that are the controllers believe it is for our best, that is the scariest part.