Collapse of U.S. Economy
-
Collapse of U.S. Economy Imminent
Written by SiberNews Media Team
Sunday, 22 January 2006
In its attempt to establish a world empire dominating every nation on the planet, the U.S. has exhausted its ability to finance the expansion and the country now faces imminent financial collapse. From all indications, it looks like 2006 will spell the end for America.
Consider these five important points:
Point #1 The U.S., Great Britain and Israel are preparing to attack Iran. As it appears the main reason for invading Iraq was to stop it from selling oil in Euros, likewise Iran has plans to dump the dollar come March 2006.
Point #2 U.S. Treasury Secretary John Snow issued a warning recently that the U.S. Government is on the verge of collapse - as the statutory debt limit imposed by Congress of $8.184 trillion dollars would be reached in mid-February - the government would then be unable to continue its normal operations. Considering the current total U.S. debt stands at $8.162 trillion dollars, once the official debt ceiling ($8.184 trillion) is reached, the U.S. governmentÂ’s credit abroad (its borrowing power) is gone. Those countries (mainly China) who presently keep America afloat by holding U.S. Treasury Notes, will most likely no longer continue doing so.
Point #3 Bank Of America and Compass Bank managers (probably all other U.S. banks too) have been instructing their employees in the last few weeks on how to respond to customer demands in the event of a collapse of the U.S. economy - specifically telling the employees that only agents from the Department Of Homeland Security will have authority to decide what belongings customers may have from their safe deposit boxes - and that precious metals and other valuables will not be released to U.S. citizens. The bank employees have been strictly prohibited from revealing the banksÂ’ new "guidelines" to anyone. (however, employees have been talking to friends and family)
The next time you visit your bank, ask them about it - then ask yourself, why is this information being kept secret from customers and the public - whatÂ’s really going on?
Point #4 FEMA has activated and is currently staffing its vast network of empty internment camps with armed military personnel - unknown to most Americans, these large federal facilities are strategically positioned across the U.S. landscape to "manage" the population in the event of a "terrorist" attack, a civilian uprising, large-scale dissent ,or an insurrection against the government. Some of these razor-wired facilities have the capacity of detaining a million people.
Point #5 The Patriot Act and the US SenateÂ’s vote to ban habeas corpus (Nov 14th) - along with George W. Bush having signed executive orders giving him sole authority to impose martial law, suspend habeas corpus and ignore the Posse Comitatus Act, have together pretty much destroyed any notions of freedom and justice for Americans.
Summary: The U.S. economy is broken, the United States is bankrupt - the unchecked spending by this administration, the illegally waged wars against Afghanistan and Iraq, the cost of unprecedented weapons and military build-up - have all contributed to an irreversible emergency which is threatening our nationÂ’s existence and our very lives.
Hospitals are closing, major corporations are declaring bankruptcy and/or moving their companies overseas, the monopolized news media spews nothing but lies, and our fearless leaders have turned out to be only ruthless criminals hell-bent on destabilizing our country and robbing us all.
Be aware - we stand at the threshold of total ruin - the international bankers and war profiteers care little for our lives and families - these demons worship money and all things vile and evil - they have very much to gain from war, misery, disease, famine, chaos and death (our deaths).
We are right on the edge - the Treasury is already overextended - the U.S. government cannot (and will not) care for its own citizensÂ’ needs, nor secure our borders against illegal aliens - plus, the whole "terrorist" thing is a cruel hoax perpetrated against a trusting citizenry - and only designed to instill fear and garner support for the genocide taking place in Iraq.
Should America (along with British & Israeli forces) launch a war against Iran, or another country, without yet paying for, or even recovering from the current losses in Iraq and elsewhere - the costs of such of an invasion will overwhelm an already crippled economy and push the U.S. over the edge into oblivion.
Question: Considering the U.S. Treasury Notes that China currently holds (which keeps the U.S. economy going)...
Do you think China will continue to support a countryÂ’s economy (the U.S.) whose military launches a nuclear strike against its neighbor (Iran) - thus delivering a blanket of radioactive fallout over western Chinese provinces - killing hundreds of thousands, if not millions of its citizens?
I think not.
Factoring in the aforementioned points of "preparation" engineered by U.S. authorities, IÂ’d say thereÂ’s a stinking rat in the woodpile ...can you smell it too? -
Yeah, what till the Iranians starts it's oil trading in EURO and oil prices peg to Middle East instead of in US... beginning to the end of the petrodollar empire.
I remember that in 1971 or so, the US declared themselves Bankrupt, thus cutting off other countries debt, and switched from gold to oil... despicable.
Iraq done that and was quickly invaded and immediate went back to the dollar. Now Iran is going to do it end of next month. That's why you see the US trying to harsh up and built a case with Iran after 4 yrs into their Nuclear energy programs.. curious why now ? nuclear energy = nuclear bomb... every body knows Russia is supply the reactor.. and no way could they refine military grade uranium.. it would take decades. Iranian have broken the UN seal ! without telling us that the iranians had applied before hand and was removed infront of IAEA inspectors, and by far had not broken anything in the NPT.
They are in 8 trillion dollar debt... and are still printing money like never before, even increasing the military spending by 20%. All done with the use of the petrodollar hedge. I wonder what would happen if world accept petroEuro.. My predict US would warn, threaten and goes to war. History has shown that counries with internal problem tends to find enemies to divert attention... not that they are not doing it already.. just more violent.
FOR FREEDOM , DEMOCRACY, SAVE THE WORLD kind of crap. -
All these theories have been repeated for decades and it doesn't work. I don't believe US economy will collpase due to these reasons.
-
Can you further substantiate your point with some examples?Originally posted by Salman:All these theories have been repeated for decades and it doesn't work. I don't believe US economy will collpase due to these reasons. -
Do you really think China will destroy the economy it feeds on for the sake of Iran? You are ridiculous!
-
I support what u have said..Originally posted by MobyDog:Yeah, what till the Iranians starts it's oil trading in EURO and oil prices peg to Middle East instead of in US... beginning to the end of the petrodollar empire.
I remember that in 1971 or so, the US declared themselves Bankrupt, thus cutting off other countries debt, and switched from gold to oil... despicable.
Iraq done that and was quickly invaded and immediate went back to the dollar. Now Iran is going to do it end of next month. That's why you see the US trying to harsh up and built a case with Iran after 4 yrs into their Nuclear energy programs.. curious why now ? nuclear energy = nuclear bomb... every body knows Russia is supply the reactor.. and no way could they refine military grade uranium.. it would take decades. Iranian have broken the UN seal ! without telling us that the iranians had applied before hand and was removed infront of IAEA inspectors, and by far had not broken anything in the NPT.
They are in 8 trillion dollar debt... and are still printing money like never before, even increasing the military spending by 20%. All done with the use of the petrodollar hedge. I wonder what would happen if world accept petroEuro.. My predict US would warn, threaten and goes to war. History has shown that counries with internal problem tends to find enemies to divert attention... not that they are not doing it already.. just more violent.
FOR FREEDOM , DEMOCRACY, SAVE THE WORLD kind of crap.
And i also believe that the U.S are getting "internal decay".... -
the world cannot afford nor allow the US economy to collapse that is for sure...
but is it possible that they can't stop it even though they will not allow it to happen? -
Can you further substantiate your point with some examples?Originally posted by Salman:Do you really think China will destroy the economy it feeds on for the sake of Iran? You are ridiculous! -
If I am not mistaken it has been quite some time since you last posted your favorite alarmist articles written by some fringe groups that indulge in sensationalism that makes no sense.
The Patriot Act has lapsed following the US Senate refusal to renew it, and this came after the US Congress had a bruising debate that saw some members crossing partisan lines.Originally posted by boy in blues:
Collapse of U.S. Economy Imminent
Written by SiberNews Media Team
Sunday, 22 January 2006
In its attempt to establish a world empire dominating every nation on the planet, the U.S. has exhausted its ability to finance the expansion and the country now faces imminent financial collapse. From all indications, it looks like 2006 will spell the end for America.
Consider these five important points:
Point #1 The U.S., Great Britain and Israel are preparing to attack Iran. As it appears the main reason for invading Iraq was to stop it from selling oil in Euros, likewise Iran has plans to dump the dollar come March 2006. ? [/quote]
There seems to be some three major confusion here in the colored statement above.
If the US, Great Britain and Israel is preparing to attack IRAN - for its nuclear program it may sound plausible; but the statement stopped short, and continued aimlessly into the main reason for invading IRAQ "was to stop it from selling oil in Euros"
Did the writer confused the spelling of the countries between IRAN and IRAQ ?
Did the US attacked IRAQ to "stop it from selling oil in Euros" ? Did Britain invade IRAQ for the same reason, or was the WMD issue a smokescreen ?
IRAN had all its assets frozen by the US for the last thirty years, ever since the Ayatollahs overthrew the Shah of Iran, and invaded the US Embassy.
What US Dollar is the writer "smoking" about ?
IRAN was reported over the last few days of moving its assets out of Europe to prevent any UN sanctions for its aggressive attitude in ignoring UN and IEAE efforts to stop its nuclear program.:
The US Financial System is more resilient then the article intend to tarnish with its alarmist angle.
Point #2 U.S. Treasury Secretary John Snow issued a warning recently that the U.S. Government is on the verge of collapse - as the statutory debt limit imposed by Congress of $8.184 trillion dollars would be reached in mid-February - the government would then be unable to continue its normal operations. Considering the current total U.S. debt stands at $8.162 trillion dollars, once the official debt ceiling ($8.184 trillion) is reached, the U.S. governmentÂ’s credit abroad (its borrowing power) is gone. Those countries (mainly China) who presently keep America afloat by holding U.S. Treasury Notes, will most likely no longer continue doing so. ?
The Treasure Secretary issued a warning to Congress that the debt limit set by Congress will prevent the Government from any further borrowings and will result in its DIFFICULTY TO BORROW UNLESS THE CEILING IS RAISED - NOT COLLAPSE
Do you think that Congress will allow the Government to collapse ? During the Clinton Administration, a similar showdown had also occurred and Congress backed down.
http://money.cnn.com/2005/12/29/news/economy/debt.reut/:
Can we believe this piece ? Is this the dark days of WW-2 when all personal contributions of gold, silver, platinum, and any other valuable minerals were taken to help in the War Effort and asked by the Japanese Government of its Citizens ?
Point #3 Bank Of America and Compass Bank managers (probably all other U.S. banks too) have been instructing their employees in the last few weeks on how to respond to customer demands in the event of a collapse of the U.S. economy - specifically telling the employees that only agents from the Department Of Homeland Security will have authority to decide what belongings customers may have from their safe deposit boxes - and that precious metals and other valuables will not be released to U.S. citizens. The bank employees have been strictly prohibited from revealing the banksÂ’ new "guidelines" to anyone. (however, employees have been talking to friends and family)
The next time you visit your bank, ask them about it - then ask yourself, why is this information being kept secret from customers and the public - whatÂ’s really going on? ?
The USA went into several wars in the last sixty years, and have yet to mobilise the personal assets of its Citizens, as its own natural resources has a long way more to go before it "runs out of stock".:
You must be quite a joker if you post this piece without even giving it any critical review and understanding of the subject matter.
Point #4 FEMA has activated and is currently staffing its vast network of empty internment camps with armed military personnel - unknown to most Americans, these large federal facilities are strategically positioned across the U.S. landscape to "manage" the population in the event of a "terrorist" attack, a civilian uprising, large-scale dissent ,or an insurrection against the government. Some of these razor-wired facilities have the capacity of detaining a million people. ?
FEMA is the acronym for the US Federal Emergency Management Agency - tasked with Disaster Mitigation, Preparedness, Response & Recovery Planning in any National Disaster or Hazards.
It does not build internment camps or provide armed military personnel.
About FEMA
http://www.fema.gov/about/:
Point #5 The Patriot Act and the US SenateÂ’s vote to ban habeas corpus (Nov 14th) - along with George W. Bush having signed executive orders giving him sole authority to impose martial law, suspend habeas corpus and ignore the Posse Comitatus Act, have together pretty much destroyed any notions of freedom and justice for Americans. ?
At least the notion of freedom and justice remains firm in the minds of those Congressmen elected by the US Citizens, more then we can say about our Members of Parliament who vote entirely in the interest of the Party more then in the interest of Singaporeans
[quote]:
Summary: The U.S. economy is broken, the United States is bankrupt - the unchecked spending by this administration, the illegally waged wars against Afghanistan and Iraq, the cost of unprecedented weapons and military build-up - have all contributed to an irreversible emergency which is threatening our nationÂ’s existence and our very lives. ?Is the US economy broken and the US bankrupt ?
Only from the eye of someone who insist on viewing it with a twisted view.:
Hospitals closing ? It is only the Veterans' Hospitals that are closing and being consolidated as part of the process of the budget cutting in the Department of Defense.
Hospitals are closing, major corporations are declaring bankruptcy and/or moving their companies overseas, the monopolized news media spews nothing but lies, and our fearless leaders have turned out to be only ruthless criminals hell-bent on destabilizing our country and robbing us all. ?
There more than a few hundred major US companies of which we have witnessed only about three major collapse that were largely due to internal fraudulent management more then a result of business crisis.
Several major airlines have declared bankruptcy protection and have renegotiated terms with employees and suppliers for restructuring the company, with at least two such airlines managing to clear off their debts after three to four years of protection.:
Nearly every country has its own Defense Industry - Singapore included - and all certainly have much to gain in any arms build-up to PREVENT WAR.
Be aware - we stand at the threshold of total ruin - the international bankers and war profiteers care little for our lives and families - these demons worship money and all things vile and evil - they have very much to gain from war, misery, disease, famine, chaos and death (our deaths). ?
Is there any benefit for any wars to breakout, when any national economy will grind to a halt, revenue can no longer be generated for arms purchases, and what little economic activities will see revenues being used to fund the wars.
With disease, famine, chaos and death - can international bankers or arms dealers profit from such an environemtn ?:
The writer seems confused by his own statement - belittling the US Government for its neglect of domestic US security, to berating it for being overzealous in its attitude towards the "terrorists", to genocide in IRAQ.
We are right on the edge - the Treasury is already overextended - the U.S. government cannot (and will not) care for its own citizensÂ’ needs, nor secure our borders against illegal aliens - plus, the whole "terrorist" thing is a cruel hoax perpetrated against a trusting citizenry - and only designed to instill fear and garner support for the genocide taking place in Iraq. ?
The Department of Home Land Security and FEMA were created for the very purpose of caring and protecting the citizen's needs.
In recent years, the Home Land Security have been tightening its security checks at the borders and have been having tense relations with its immediate NORTHERN and SOUTHERN neighbors that share a common land border with the USA.:
This is early days yet, and the US Government has left it to the European Community to take a lead role in negotiating with Iran to terminate its nuclear weapons ambition.
Should America (along with British & Israeli forces) launch a war against Iran, or another country, without yet paying for, or even recovering from the current losses in Iraq and elsewhere - the costs of such of an invasion will overwhelm an already crippled economy and push the U.S. over the edge into oblivion. ?
If ever a strike should occur, it will probably be unilaterally executed by the Israelis in a deadly surgical strike against the Iranian nuclear facilities.
The Israelis has the biggest stake in preventing Iran from achieving the goal of having nuclear weapons, as Iran has foresworn the annihilation of Israel, and has been funding and supplying arms to all the terrorist groups operating against Israel from the Palestinian Areas.:
China was reported to be divesting its major holdings in US Currencies, and have opted to a valuation of its Yuan based on a basket of foreign currencies - much as the practise of Singapore.
Question: Considering the U.S. Treasury Notes that China currently holds (which keeps the U.S. economy going)...
Do you think China will continue to support a countryÂ’s economy (the U.S.) whose military launches a nuclear strike against its neighbor (Iran) - thus delivering a blanket of radioactive fallout over western Chinese provinces - killing hundreds of thousands, if not millions of its citizens?
I think not.
Factoring in the aforementioned points of "preparation" engineered by U.S. authorities, IÂ’d say thereÂ’s a stinking rat in the woodpile ...can you smell it too?
This policy change is part of its move to revaluate the Yuan and to pacify worldwide clamor for such a revaluation in order to maintain goodwill with all the other countries whom it trade with.
It will be in China's interest too, to see that Iran do not obtain any nuclear weapons, as Iran is seen to be an irresponsible and unreliable partner as shown in it indiscriminate support for fringe organisations that practises suicide bombings - and China has also a large Muslim population on its Western fringe.
In summary, this piece is nothing more then a piece of fantasy disguised in the language of the politics of the day. -
You are the one who suggest it, your example does not make sense.Originally posted by dragg:Can you further substantiate your point with some examples? -
can you provide examples to prove that the example given does not make sense?Originally posted by Salman:You are the one who suggest it, your example does not make sense. -
Salman has been happy to run circles around anyone, perhaps he could pick a few points in my post above that knocked the article posted - instead of indulging in his favorite pass time of making condescending 'no brainer, one-liner' remarks. -
Lots of examples.Originally posted by dragg:can you provide examples to prove that the example given does not make sense?
Do you think China will try to sabotage US economy? -
please provide sources or info to support ur arguementOriginally posted by Salman:Lots of examples.
Do you think China will try to sabotage US economy? -
What is the worth of trading with a nation that pays you in currency that is depreciating on a daily basis ?Originally posted by Salman:Do you really think China will destroy the economy it feeds on for the sake of Iran? You are ridiculous!
If China unload its holding of US denominated currencies and Treasury Bonds, there will be repercussions in the US economy, which will impact on its currencies further.
As much as it desires to trade with the USA - it will useless for China to carry a bulk of its own hard earned monies in a currency that is losing value.
Perhaps, China could consider using its stock of US assets to play the same game against the USA and extract some political mileage from it.
The US Govenment has been playing this game so cleverly for too long, and now will find a comparable and adapt oponent in China. -
so why is China still trading with US after so long? please explain your logic.
Don't you know that yuan is pegged largely to USD? -
did not china unpegged to US$ already?Originally posted by Salman:so why is China still trading with US after so long? please explain your logic.
Don't you know that yuan is pegged largely to USD? -
I said largely pegged.
So why is China still trading with US? Please explain. -
What is your position taken with your usual characteristic "no brainer, one-liner" comment - with "I said largely pegged" ?Originally posted by Salman:I said largely pegged.
So why is China still trading with US? Please explain.
Either it is pegged, or it is unpegged ?
China has already unpegged its currency from the US Dollar, and is weighted against a basket of currencies - as in Singapore's practice.
What do you mean largely pegged ?
If this not the ultimate in idiocy
Can we expect something better from a tertiary - economics - trained mind
-
Thats what largely pegged means. Its part of that basket. Don't you know?
So why is Chian still tradin with US? kindly explain. -
Originally posted by Salman:
Since you are so fond of asking for statements to be substantiated - what have you got to confirm that China place a larger emphasis on the US Dollar in the basket of foreign currencies ?
Thats what largely pegged means. Its part of that basket. Don't you know?
So why is Chian still tradin with US? kindly explain.
Knowing the weakness of the US Currency, will that not be self-defeating in having a basket of currency and yet place a larger emphasis in US Currency ?
Either the China Administrator is dumb, or you are - and I am inclined to the latter having seen all your 'no brainer, one liner'.
Is it not obvious that the US consumers still form a large market opportunity to earn the US Dollar - despite its declining value, as such losses can be managed by fund management through a series of available financing programs in derivatives and hedging.
A word of advise, perhaps you should simply keep to running in the small circle of your specialty, and not attempt to try anything bigger than those small circle, it will save you some embarrassment and heart burn. -
So why are they still trading with USA?
It seems you realised your folly and is now running away from teh question.
good for you. -
Why shouldn't they trade with USA?Originally posted by Salman:So why are they still trading with USA?
It seems you realised your folly and is now running away from teh question.
good for you. -
Largely pegged means how many percent? Of how many types of currency in the basket?Originally posted by Salman:Thats what largely pegged means. Its part of that basket. Don't you know?
So why is Chian still tradin with US? kindly explain. -
What examples?Originally posted by Salman:Lots of examples.
Do you think China will try to sabotage US economy?
Why should China help USA? From the love in their hearts for americans?
Why shouldn't they squeeze USA dry?
Why shouldn't they sabotage US economy?