Comments on: Gulf States Leaving the Dollar Behind? – by Vasko Kohlmayer

By: Name

Name — Wed, 25 Nov 2009 04:00:26 +0000

Really. Has the Arab world and China really thought this one through? The last time American went into what I liked to think as rogue currency status culminated in the bombings of Hiroshima and Nagasaki.

Does the rest of the world really want to put their faith in China, who have been operating under one standard business model since Nixon? It is not that their currency is strong due to their manufacturing, but the reverse. The only reason they are competitive at manufacturing is due to an artificially devalued currency. How about Russia? Just wait until they start poisioning neighborhoods with radioactive metals.

How about this one? Just as easy as Mr. Miyabi does "wax on wax off" America does "nuclear missile shield on/nuclear missile shield off."

Has the world really thought what is going to happen when they ostracize America? We are just going to say "sure. ooohhhkay" and be bad and let genocides happen. Heck, if Europe is any indication we will probably turn into hacker's paradise and bred a new generation of uber-terrorists who start genocides like Beavis and Butthead mess up at the fast food counter.

Whoops! Half of Asia started a 10 million person genocide because of R.Snake's latest attacks vectors. Whoopsy daisy!

By: LucyQ

LucyQ — Wed, 25 Nov 2009 03:58:34 +0000

"This is what has ultimately happened to the dollar. Its fate was sealed when Richard Nixon took it off the last vestiges of the gold standard in 1971. Since then it has been steadily losing value, a process which has dramatically accelerated in recent years."

This is an excellent article by Kohlmayer. Obviously, this dire situation means we can't have never-ending wars unless the majority of Americans want to pay higher taxes. It means we will have to become energy-independent sooner rather than later and that our govt cannot afford health care at this time nor new weapons systems.

It means that the American govt will have to be on a tight budget just like we are on. I tend to see the glass half-full so none of this is surprising. We may have to go back to hunting and fishing for food but the fact is, there's plenty available, including water and shelter.

I'm a bit surprised the Gulf States took this long to figure out they needed their own monetary system based upon oil.

By: Jonathan

Jonathan — Tue, 24 Nov 2009 21:05:49 +0000

Well, what's happening is that the banking cartel has completed its 70 year ponzi scheme with the complete bankrupting of America. They've raked in the max profits in fiat currency, traded all the worthless cash in for solid assets like gold and silver and land and real estate around the world. And now they are leaving the investors high and dry with hyperinflated currency and soon to be ruined investments. Time soon to move on to the next victim nation.

By the way, the world banking cartel is in the hands of the communists. Most of the big movers at that level are communists and socialists.

By: 080

080 — Tue, 24 Nov 2009 19:42:57 +0000

From an economic point of view, the government is relying upon the people as can be seen by new demands for tax increases. On the other hand, the people are relying upon the government as seen by the health care legislation and the high rate of unemployment. This is obviously a vicious circle. The ship of state will continue circling in circles of ever decreasing radius until it sails up its own rear end and vanishes altogether.

By: stefcho

stefcho — Tue, 24 Nov 2009 18:08:54 +0000

The IMF (like the Fed) caters for the international banking cartel – not for America. America has been a puppet of the international banking since Lincoln. Now the international banking cartel – unable to make disgraceful amounts of profit in post-bailout America are about to bail themselves.

Soon the US of A will be in a steep nosedive with dollar inflation going through the roof… And when the dust has settled a little, the banking cartel will have itself a bumper fire sale when everything in America down to 1/10th of its current value.

America is about to be slain by the very bankers who installed the gold standard, and the dollar will succumb to hyper-inflation just like like Mexico did when the international bankers mass dumped their currency. But you can bet Soros, Citibank, J.P. Morgan et. al will be rolling in it and toasting in a new post-American banking era. Long live 'free market' capitalism.

By: Amil Imani

Amil Imani — Tue, 24 Nov 2009 12:42:18 +0000

What Gulf are you talking about? The Mexican Gulf? Or The Persian Gulf?

By: Jonathan

Jonathan — Tue, 24 Nov 2009 12:06:33 +0000

So. How MUCH longer will it be before people in this country realize that this is a deliberate plot not of the Arabs, or of China, but from within this country. To crash our country for the creation of a new post-American state to come. Either coupled with Canada and Mexico in the North American Union, or coupled to the European Union.

The next few years will be interesting. I predict that we will have UN Peacekeeping Troops based on our soil within just a few years. One world government is on the way. Not that we weren't warned.