The Con That Turned the World Against America

The Trumpet ^ | November 2007 | Staff

[HisKingdomWillAbolishSinDeath]

The world’s financial system came precariously close to seizing up recently.

In fact, as far as some big banks and financial institutions were concerned, for a moment in time, the system was in a full-blown cardiac arrest. Liquidity, the flow of money—the lifeblood of today’s economic structure—came uncomfortably close to clotting up in August this year.

Defibrillators sizzling and money flowing, central banks around the world acted in concert to jump-start financial markets, slashing lending rates and injecting nearly a half trillion in dollar steroids into the economic pulmonary system.

But contrary to what the big media outlets may have reported, it is actually inconsequential whether or not central bankers succeeded in temporarily stabilizing markets.

Irrevocable damage to America’s economic system has taken place.

And because the world’s largest economies are so closely intertwined, the effects will not be limited to the United States. Confidence in the world’s financial system—a system based on the dollar as the reserve currency—is failing, not because of a liquidity crunch, a popping housing bubble, or the myriad of other commonly cited economic causes, but because of broken faith. The result in the end will be a new world financial order—one without America at the head.

[investigateworld]

I make no bones about it; Europe is turning into Dihimmies, and in a few years will be a 'unfriendly' neutral in our forthcoming wars.

I don't trust Asia, particularly China. So I do believe we should start looking towards self sufficiency.

While .gov is a very - very poor distributor of resources and such, ja! I'd like to see a floor price on energy in order to encourage development of alternative sources.

And as for cheaper sugar?

Have you been to the southern part of the USA lately?

Gott in Himmel, from the time I left Virginia till I got to Oklahoma, ...... I don't think I saw a slender-healthy person.

What Wal-Mart giving away RC Colas and Moon Pies?

So 'pricey' sugar just isn't on the old radar screen.

Off shore sourcing on Small Arms ammo, now there's a hot button!

[WashingtonSource]

Oh, dear, I think the people at the Trumpet have been drinking too much anti-American anti-capitalist Kool Aid.

[Gene Eric]

>> As Jim Willie warned, we “might be in the early stages of … a boycott of U.S.-dollar-based financial assets”
>>
>> But who can blame them?
>>
>> Greed and corruption have been exposed for being endemic to >> so many levels of America’s economy.

And why do we care what this article has to say? Endemic greed and corruption do not foster the low unemployment and productivity we see here in the States.

If the World is not in a mutual trade arrangement, then our competitors have something to think about given their structured labor and high unemployment. The U.S. has a highly sustainable and adaptable economy which is profoundly different than any other. Our national product is not easily devalued and where one country may boycott another will benefit.

[Gene Eric]

>> Oh, dear, I think the people at the Trumpet have been drinking too much anti-American anti-capitalist Kool Aid.

They print half-truths with a scornful eye transfixed on failure.

[Cold Heat]

Yeah.......spell check missed it, but it flagged your screen-name.....LOL

[geopyg]

“The Con that Turned the World Against America”.

I thought this was going to be a thread about Global Warming!

[Toddsterpatriot]

Finally, some info on the amount of the manufactured pizza. What do you think, was it worth all the wailing and gnashing of teeth?

[1rudeboy]

Doesn't matter one bit. All that matters is to demagogue the obvious, in the hope that some other economically ignorant person will pick it up.

It didn't work for Kerry in '04, but '08 is a whole new ball game.

[1rudeboy]

That’s a lot of pizza!

[Porterville]

broken faith? ah, as if we never been here before....

If one does not have faith in America, there is always Europe, and China.... hahahahahaha

[1rudeboy]

How much more should I pay for sugar so that your Hillary-esque dream of a thin America will be realized?

[investigateworld]

Answer: Market price, same as any other American.

[Proud_texan]

Pizza AND buggy whips!

[1rudeboy]

You mean market plus, and I'm asking you how much the plus should be.

[1rudeboy]

Don’t let anyone find out we hardly export any buggy whips anymore, lest they come up with another government program.

[investigateworld]

Really

If you have to ask, then you can't afford it.

[1rudeboy]

Not even a good dodge. D+

[modican]

built on trust.....ultimately it’s all relative

Is that why they call it Fiat Money.

[Toddsterpatriot]

Where are the factories that will manufacture these products and where will the workers come from? The country started on the shift from a manufacturing economy to a service economy in the Carter years....that’s thirty years of momentum that will have to be reversed.

Even in 1950, manufacturing was only about 16% of GDP.

[SunkenCiv]

Note: this topic is from November 3, 2007. Philadelphia Church of God's "The Trumpet" said:

The world's financial system came precariously close to seizing up recently... Liquidity, the flow of money -- the lifeblood of today's economic structure -- came uncomfortably close to clotting up in August this year... Irrevocable damage to America's economic system has taken place... the effects will not be limited to the United States. Confidence in the world's financial system -- a system based on the dollar as the reserve currency -- is failing, not because of a liquidity crunch, a popping housing bubble, or the myriad of other commonly cited economic causes, but because of broken faith. The result in the end will be a new world financial order -- one without America at the head.