The Downfall Of The United States.
Do you guys know that the American dollar is worthless? that is has no value what so ever, in fact the u.s dollar is only as valuable as the price of ink and paper used to manufacture it. that is because the American government is printing money out of thin air where as in reality there is nothing to back up that amount of money being printed. do you seriously beleive there is enough gold in fort knox to cover the hundreds of billions of American paper money being circulated around the globe? do you even believe there is enough gold to cover the amount of bills being printed in the U.S yearly? in fact there are people who question if there is any gold left in fort knox to begin with. It is true.
Now you might say that this is a far fetched scenario, and the good old American government would never let this happen. Surely they have taken very well thought out measures to prevent this from happening, surely there is Gold in fort knox and the value of the dollar is well protected. Well, you see, what you don’t know is that the American Government does not control the Gold and it does not control the Federal Reserve System, but in fact it is controlled by numerous private bankers. These private banks and bankers are the ones that control the backbone of the financial system, which in turn operates the whole economical system. these banks just like the central bank is required to be able to have a reserve of gold to cover their transactions, however this gold does not exist but they rely on the central bank and the federal reserve to ensure that their word is good and they are indeed able to back up the money they’re circulate. so you see its all an endless loop of fraud based on something that does not exist.
The Dollar has no value. you see a bank note, a 100 dollar bill for example is simply an I.O.U, it means that when you deal with paper money you’re basically buying off somebody else’s debt or selling it to someone else. and if you collect all these debts, ie; bank notes you should be able to claim them for their original real value in gold from the source that issued it, ie: the banks, naturally, this is impossible since there is no gold to begin with, not in the vaults of the banks nor in fort knox, in fact there are those who claim that fort knox was no longer the main storage place for the federal reserve rather it was stored at the vaults under the world trade center. Bottom line is: There is little to no Gold in fort knox, rendering the almighty dollar worthless. don’t believe me? Well how about this: The Wall Street Journal Claims gold reserves held at depositories such as Fort Knox and West Point may have been seriously depleted.. The gold reserves of the United States have not been independently audited for half a century, and GATA (Gold Anti-Trust Action Committee) accuses the Federal Reserve of gold-price manipulation. and of Stealing Iraqi Oil Revenues.
What does this exactly mean? The dollar is losing its value, as we can see right now that dollar is at its all time low against the euro, and its going getting worse, since countries and governments are moving away from the dollar and embracing the euro as their currency of choice for international trade and finance. this decline in the value of the dollar and eventually its collapse will only lead to depression and inflation of massive proportions, and we all know what that means don’t we? a total collapse of the economical and financial systems. It’s as simple as that, this decline is on going and happening, though it might take some time for its full effects to hit hard, but when it does, it will mark the downfall of the United States.
March 22nd, 2008 at 7:55 am
Tell me about it. I read the other day that the US is now 9 TRILLION dollars in debt!
March 22nd, 2008 at 9:27 am
EEEyyyuuu yuck , what a pleasant morning read.
Yup, America is and will continue to pay her price for excesses in all arenas. God have mercy.
March 22nd, 2008 at 9:50 am
It is true that gold reserves have depleted. But, There is another more important reason for the decline in Dollar value, which is the Balance of Payments. As everyone knows, the USA has become almost an all service economy. Therefore, more and more products have to be made elsewhere and imported. The result, more debt and more doubt that the debt will be paid, which creates more risk. And that risk results in a reluctance to own dollars, which leads to lower demand for it and lower value. See, it is a long chain of causes and effects. However, it has been good for the USA in regard to the Europeans and Japanese coming in spending loads of cash and investing due to the higher value they get for their Euro’s and Yens. As more shopping and investing happens, the economy will get back on track restoring confidence in the dollar and the cycle happens all over again.
March 22nd, 2008 at 11:17 am
Since it’s worthless, if anyone wants to exchange their hard earned dollars for jellybeans, drop me a line. I’ll give you a good price.
1 jellybean = $1000
March 22nd, 2008 at 3:44 pm
Bakkouz
This is bad and good in the same time, I hope someday the US won’t be able to cover Israel’s ass, and it is bad becuase I believe we are all affected by this here in Jordan, aren’t we?
Hani ……
Are we getting paid in JDs or $, we will have to check with the manager.
March 22nd, 2008 at 5:54 pm
My understanding is the the currency being back by gold was long ago dropped. Then came the silver certifcates and these were dropped in the 1950’s. All I know is that I get paid in dollars, my mortgage gets paid in dollars, I pay for groceries in dollars, and my three credit cards get paid in dollars. The new car I will buy will paid for in green backs, so it’s not so worthless. ;-)
Prices are going up everywhere, and true the exchange rates are not favorable for US dollars. It costs more to manufacture a penny, then 1 cent…and the copper in it is worth more refined. And I would say the same for the paper currency.
March 23rd, 2008 at 11:26 am
Yes, that article is true.
Unfortunately, I live in America. Pres. Bush has a 31% approval rating, the people hate him here. His war talk is bogus and we’re tired of it and want no war. We are having to cut costs in heat, electricity, gas, and all the other utilities. Economy - Americans’ #1 issue.
Luckily, Bush’s term expires in 2008, but how do you heal a shot wound after 8 years?
March 23rd, 2008 at 5:21 pm
Eli, what is mind boggling is why he was re-elected. I mean granted he had a lot of people fooled the first time around.
Fool me once, shame on you, fool me twice, shame on me!
March 24th, 2008 at 9:16 pm
Now , NOW PEOPLE SEE THIS ?!
to be honest i don’t think that the american population is being afected with the downfall of the dollar :P
March 25th, 2008 at 1:56 am
I think the Federal Reserve is the caused for everything, like the great desperation and ones before it. How federal is it? i heard its just like FedEx with a bit more money.
If US goes down - every country will suffer, Why? because they all get aids from US to keep themselves out of its way.
March 26th, 2008 at 11:40 am
Each nation big or small has its ups and downs. America’s direction is currently downwards. This is very predictable
April 2nd, 2008 at 6:17 am
The gold was never intended to back anything. It is the reserves of other countries and payments to the US. A lot of it was brought here during World War 2 to protect it and just never had any reason to go back.
April 4th, 2008 at 7:49 pm
The dollar is backed up by gold. The devaluation of the dollar brings gold prices higher, and if the US has any real wealth, gold and silver, it means that The US is getting richer, and can thus buck up its seemingly crumbling fiat currency, by the measuring unit of the upgoing value of gold and silver, which it possesses.
The whole scenario of crumbly national currency is in fact big fraud aiming at imposing a one world currency, probably the dollar, if enough gold is backing it, compared to other leading currencies, in order to be able to claim leadership (ownership) of the world (theoretical ideology of imperialism)…
To do it is, under any pretext, to flood the world with the dollar until its value crumbles down to bring with it inflation worldwide, and then recession so that other nations come to the negotiating table for a one world currency, the dollar…
April 5th, 2008 at 4:11 pm
This is true, I agree
April 9th, 2008 at 11:53 am
We europeans could never think that having the dollar value so low with respect to the euro value could be bad for everybody.
At least oil is still paid in dollars…
May 7th, 2008 at 6:31 pm
Check out y*utube ENDGAME Alex Jones.
May 20th, 2008 at 9:26 pm
I completly wish the US $ was worth $1000 per Canadian dollar. Perhaps I should run for office and horriably mismange my countries finances. Your absoutly right that the US governemt has nothing to back up the curreny other than the fact that the rest of the world likes to succle at the US teet.