Posted on 08/13/2009 7:01:42 PM PDT by mbarker12474
... The crux of the matter is that the United States is no longer in control of its fate. Meetings with creditor nation leaders result in new orders given, and new policy directives enacted. Comparisons are made to China, but they too are a distraction. China can embark on its ... The USGovt creditors are in control. The August Hat Trick Letter reports have identified five major factors pointing to a severely stressful period of time at the end of August and into September.... The risk of accidents is rising exponentially from incredible backroom movement of massive funds to avert disasters on a weekly bas.... My best sources of information report that some unexpected deep shocks are coming from USGovt creditor nations. They are simply fed up, frustrated, and astonished at the manner of lost control, spiraling debts, and blatant monetization amidst lies in denial of that same monetization. The USTreasury auctions now have domestic hidden elements, and global hidden monetization elements...... The creditors regard the US political and banking leaders as living in a world divorced from reality, and thus require shock treatment. USTreasury Bonds have become a liquidation currency. Actions in the Persian Gulf and European region indicate that USTBonds are being used in liquidation and distressed sales on a truly massive scale. The failed Dubai construction projects .... For China it is a race against the clock for how fast they can convert their $2 trillion in USDollar holdings into strategic assets, namely oil and gold. At today’s deflated prices, putting together a really good billion dollar deal is a difficult thing to do. Putting together 2000 of them is impossible. Doing it before the dollar collapses? Not a Chinaman’s chance. And they know it.” .... long article with charts...
(Excerpt) Read more at financialsense.com ...
ok, i have a question for financial wizards out here on FR
my aunt, my mom’s youngest surviving sister receives SocSec disability . it’s not a whole lot but with her food stamps and some heating assistance she is able to get by.
Suppose the dollar collapses , say, next month in Sept.
What happens to the US gov’t? what happens to people in my aunt’s situation? Do they still get paid?
the good thing about predictions of disaster within 60 days- we will know one way or the other, soon
Watch the Market Ticker blog (Karl Denninger) and read or watch predictions by Harry Dent. Anyone long on stocks into fall and next winter, better be ready to jump
ping.
DON’T READ TONIGHT! GO TO BED! YOU WORK EARLY TOMORROW!
SILLY RABBIT!
Yes and no.
The government will continue to pay social security, Medicare, etc., but the government will be forced to print the money to do so because it can no longer borrow enough funds or collect enough taxes. This will increase the money supply and thus drive inflation. As a result, your aunt will still receive a payment of, say, $1,000 -- but because of inflation the money will only buy, say, $500 worth of goods and services at today's prices. In this example, her spending power will be cut in half.
thanks for answering my question- i guess we can all breathe a little easier now :)
Sadly, though, I also blame Republicans for doing the same.
The first stimulus bill and subsequent bailouts were signed by President Bush.
We wouldn’t be where we are if Republicans hadn’t spent their way out of office.
You are correct that Charisma has great power, but it’s because of the Leader’s (or Fuehrer’s, if you prefer) power to control or influence the men holding the guns.
As you say, Charisma is NOT a good thing. It is a trait or characteristic that can be used in the service of either good or evil, much like the guns and the men it controls.
Churchill and FDR had immense charisma. So did Hitler and Stalin.
Regarding “He who controls the debt controls everything”:
Actually, I am reminded of the movie, “The International” (IIRC) with Clive Owen, which is a spy movie that includes international banking. International banks were footing the bills for arms deals to dictators in exchange not for a friend in the region, but, rather, for control of the debt on an international scale, which in turn controls events.
http://www.imdb.com/title/tt0963178/
Of course, we here would advocate getting out of all debt personally as the best defense. On a national scale, as a debtor nation, we are now not merely easy pickings for ChiComs and so forth, but also a vassal to their increasing demands. It’s the reiteration of the Ottoman Empire’s ‘concession’ lands to the likes of the Dutch (Royal Dutch Shell) during the demise of the empire.
Among the shadows of intrigue in DC lies a dark silence that hides the intent. The intent we note here does not serve the foundational values and issues of Ameircan exceptionalism and sovereignty.
My 2 cents.
Boots
‘Concessions’ links:
http://www.hri.org/docs/straits/concessions.html
Also:
“Oil development in Iraq took place against a backdrop of war, political intrigue, deception, secret agreements and oil company haggling. Iraq, historically known as Mesopotamia, was part of the Ottoman Empire since 1534. (”Iraq” was the name given by the British to their newly created mandate). Collapse of the Ottoman Empire in early 20th century gave the Western powers the opportunity to seek political influence and commercial benefits in new territory – in Iraq as well as the rest of the Ottoman territory. Oil was the major prize.
Discovery of oil in 1908 at Masjid-i Suleiman in Iran – an event that changed the fate of the Middle East – gave impetus to quest for oil in Mesopotamia. Oil pursuits in Mesopotamia were concentrated in Mosul, one of three provinces or “vilayets” constituting Iraq under the Ottoman rule. Mosul was the northern province, the other two being Baghdad (in the middle) and Basra (in the south) provinces. Foreign geologists visited the area under the disguise of archeologists.
For a good part of the last century, interests of national governments were closely linked with the interests of oil companies, so much so that oil companies were de facto extensions of foreign-office establishments of the governments. The latter actively lobbied on behalf of the oil companies owned by their respective nationals. The oil companies, in return, would guarantee oil supply to respective governments – preferably at a substantial discount.
This symbiotic relationship manifested itself superbly when Turkish Petroleum Company (TPC), founded in 1911 and named as such in 1912 to exploit Mosul oil, was reorganized in March 1914 at a meeting held in Foreign Office in London where British and German diplomats sat next to executives of British and German banks and British and Dutch oil companies. Notwithstanding its name, TPC did not have Turkish participation. At that time World War I had not broken out yet, and Germans were welcome at TPC.
The British and Dutch were attracted to German participation because German banks had obtained a concession from the Ottomans in 1904 – a concession that in fact had been allowed to lapse. Calouste Gulbenkian, the consummate deal-maker of Armenian origin that helped found TPC, was not present at the meeting, but his interests were well looked after. He ended up with 5 percent share in TPC, though with no voting rights.”
http://www.globalpolicy.org/component/content/article/185/40548.html
(From “Oil in Iraq: The Byzantine Beginnings”: By Dr. Ferruh Demirmen. Global Policy Forum, April 25, 2003)
What happens to the US gov’t? what happens to people in my aunt’s situation? Do they still get paid?
Then we're screwed. You aunt moves in with you, a relative or starves. Doubt they will get paid.
Saw the movie you reference. Did not find it either entertaining or intellectually stimulating.
For the ownership of debt to give someone power, there must be a debt collection mechanism. If the system falls apart as comprehensively as some of the debt doom and gloom crown proclaim, that mechanism isn’t likely to be functioning.
In which case the holders of the debt have nothing but paper.
The recent housing bust is instructive. Many people held massive positions in the debt instruments created during the boom. Worked out well for them, didn’t it?
If the US experiences hyper-inflation, presumably it could pay off its international as well as its internal debt very cheaply. After WWI Germany couldn’t, because its international debt was denominated in some other currency, dollars or pounds, I forget which.
So if China pushed the US into hyperinflation, by the same act they destroy the value of all our debt they hold. Not a wise financial move.
Perhaps, then, you would have had more to say about Biblical references to not being a borrower.
Furthermore, here is information on the Bilderbergers:
Membership:
http://economycollapse.blogspot.com/2009/05/greece-bilderberg-2009-attendee-list.html
Their Fear of Loss of Control in Possible Economic Chaos:
http://www.iraq-war.ru/article/197442
.
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