Okay Conservatives (Badmutha!), this is what 8 years of a GW Bush Admin. and a 6 year GOP! Rubber Stamp Congress, who has partaken to a TRILLION DOLLAR Borrow and Spend failed economic policies to co-inside with continuous billion dollar tax cuts for the wealthiest amongst us and a 1.6 TRILLION DOLLAR Iraq War has wrought on the U.S. ECONOMY and TREASURY!

WE ARE IN BIG FUCKING TROUBLE FOLKS---GOTTA LUV HOW REPUBLICANS MAY HAVE JUST MADE THE U.S. A 3RD WORLD FINANCIAL BASKET CASE!!!!

Alarm: China signals flight from dollar

Investment CEO says he's 'never seen people more nervous'

An unprecedented signal from senior Chinese leaders that the Asian economic giant might abandon the U.S. dollar sent shockwaves through the markets today as the Dow Jones Industrial Average lost 360 points and the greenback fell to a record low against the euro.

Xu Jian, a Chinese central bank vice director, told a conference in Beijing, "The dollar is "losing its status as the world currency." Meanwhile, at the same meeting, Cheng Siwei, vice chairman of China's National People's Congress, said, "We will favor stronger currencies over weaker ones, and will readjust accordingly."

Craig R. Smith, CEO of Swiss America Trading Corp., told WND he's been in the investment business for 30 years and has "never seen people more nervous."

Alarmed by today's economic news, he dispatched a note to brokers with a warning of ominous potential consequences if China and other trading partners abandon the dollar.

"If that were to happen, all bets are off, and we will be in a depression that makes 1929 look like child's play," he said, "or we will experience Weimar Republic inflation as the dollar makes extreme moves toward devaluations."

China has $1.43 trillion of foreign exchange reserves. During the five months up to August, Chinese investors reduced their holdings of U.S. Treasuries by 5 percent to $400 billion.

Smith told WND that underlings in Beijing have been suggesting for some time that China could abandon the dollar, "but this is the first time a senior leader came forward, and it sent shockwaves through markets."


Craig R. Smith

"What we're experiencing today is a result of loose monetary policy, deficit spending and bad trade policies," said Smith, a WND columnist. "It's all coming home to roost at once."

The dollar's decline today to $1.47 against the euro helped push the price of crude oil to a record $98.62 a barrel and gold to a 27-year high. The U.S. dollar also reached its lowest level against the Canadian dollar since the end of a fixed exchange rate in 1950 and a 23-year low against the Australian dollar. The New York Board of Trade's dollar index fell to 75.077, the lowest since March 1973, when the index began.

Smith said the U.S., and consequently the world, may face a major financial crisis if "we can't find a way to get the $3 billion a day we need to stay alive and make balance of payments with foreign countries."

The Federal Reserve faces a dilemma, he explained. If it raises interest rates to prop up the dollar, the housing market and the stock markets will be slammed, causing a recession. A lowering of interest rates to stimulate the economy would erode the dollar further and spark massive inflation.

Underscoring the alarm among investors, Smith said a prominent Connecticut investor called him this morning and said, "I'm terrified, I think we could be sitting on a collapse."

Smith said the fundamental conditions are worse today than in 1979 and 1980, when gold spiked to $850 an ounce then fell for the next 20 years.

Today, instead of a rapid increase, there has been a gradual rise in oil and gold prices, among others, that suggests a long-term condition. Gold, for example, has gone from $265 in 2000 to $845 today.

Smith said the only solution is fiscal responsibility by consumers, corporations and government.

"We cannot spend money we don't have, anymore," he said. "The only thing that keeps us alive as a nation is our ability to borrow. We spend more money that we make."

Now, Smith said, "the world is saying, 'We lent you that much money, we're not going to do it anymore.'"

The problem, of course, Smith notes, is that if Americans don't spend, the economy doesn't grow, and the nation goes into a recession.

But continuing to reduce interest rates and print money to maintain the spending leads to inflation.

Eventually, he said, Americans simply are going to have to live within their means to lay a foundation for long-term economic health.

"To get through some of this stuff, we're going to go through some pain," Smith said.

HEY GIXX, HOW'S THAT STOCK MARKET DOING? HOW's the DOW? HOW's THE BEAR MARKET? HOW's THE BULL MARKET?

__________________
AMERICA LAND OF THE FREE HOME OF THE BRAVE--BECAUSE OF OUR CONSTITUTION.

For the last several weeks I've been hearing rumblings from all over the world in the financial markets that we are about to take a header. Once again, the world already knows what Americans haven't been told, and won't be told until it's too late.

The Federal Reserve should have it's assets frozen and confiscated (meaning all the gold they looted from Our treasury), new money printed by congress (debt free), and make it illegal for any foreigner to have any hand in monetary or financial policy. It should be further illegal for any private institution to act as a central bank or printer of currency.

Folks, there is no getting around this one, and it's gonna hurt and hurt bad.

I would suggest you start buying old silver coins (US) at least 50 of them. as a hedge against a worthless dollar. You'll be the only one who doesn't have to fill a shopping cart with money to buy your groceries.

1.6 trillion dollars wasted and we couldn't even find one man...

Looks like bin Laden might win after all.

__________________
S.O.S. ------ United We Stand, Divided We Fall

BLUES DESPAIR AND AGONY ON ME

DEEP DARK DEPRESSORS

EXCESSIVE MISERY

IF IT WEREN'T FOR LIBERAL LUCK

WE'D HAVE NO LUCK AT ALL

BLUES DESPAIR AND AGONY ON WE

PISS AND MOAN......WHAT ARE YOU BUGS HOLLERIN ABOUT

YouTube - UP ON BUGG HOLLER from ON THE TELEVISION Series

FUCK YOU AND YOUR GOD MONEY.........liberal cunts.......money money bling bling bling.

YOU LIBS ARE GONNA BE SUED PENNILESS ANYWAY

CLASS ACTION LAWSUIT AGAINST CIA/MEDIA VIOLATION OF FIRST AMENDMENT-RIGHT TO A FREE PRESS Petition

GET USED TO IT

__________________
If you don't KNOW where you come from...you WILL wind up going nowhere.

That goes for Ideas, institutions as well as individuals :-I

http://www.youtube.com/watch?v=nUncnWxjUXM
^You CAN Handle The Truth - TRANCE Form America - 3of7

PSI TECH INVESTIGATIONS and LAW ENFORCEMENT

~777~ "THE AWACS ANGEL CODE"

Hey Ozark you out there .....

__________________
When you came into this world you cried.
Live your life so that when you die.
The world cries. the shadow

[quote=ONEWHITEDUCK;257086]BLUES DESPAIR AND AGONY ON ME

DEEP DARK DEPRESSORS

EXCESSIVE MISERY

IF IT WEREN'T FOR LIBERAL LUCK

WE'D HAVE NO LUCK AT ALL

BLUES DESPAIR AND AGONY ON WE

PISS AND MOAN......WHAT ARE YOU BUGS HOLLERIN ABOUT


Hey Porch Monkey.......how's the economy!

__________________
AMERICA LAND OF THE FREE HOME OF THE BRAVE--BECAUSE OF OUR CONSTITUTION.

Hey, these guys can't figure out WTF Bush has been doing for 8 years and NOW you want to them to understand the state of our nation AFTER his destruction...

I think penquins would better understand than these blind sheeple who have contributed to our demise....when it falls maybe then they will realize THEY and NOT some fictitious boogeyman from other parts of the world destroyed the United States Of America by backing such a criminallly minded and crooked anti-American spoiled rich kid like Georgie...

__________________
http://americanpoliticsandmore.com/forum/index.php


When you want to know the truth, search all articles available on your topic. The truth lies somewhere between it all.

WHAT MAKES YOU THINK A CUNT LIKE YOU HAS ANYTHING GOING ON .......YOU ARE THE FEMALE VERSION OF FED-UP

WHILE YOU TRY AND PUT ME DOWN I EXPOSE STUFF LIKE THIS

Gloria Steinem - How The CIA Used Feminism To Destabilize Society By ... connection with the CIA proves that feminism was created by the elite to bring about the New World Order ...

HOW DO YOU FEEL ABOUT THE FEMINIST YOU ARE

HOW DO YOU FEEL ABOUT HILLARY DODGING THE QUESTION SO SHE COULD ANSWER ONLY HER OWN PLANTED QUESTIONS

Live Search: HILLARY CLINTON and OPERATION MOCKINGBIRD

AND FINNALLY HOW DO YOU FEEL ABOUT SUEING THE FEMINISTS....including OPRAH (she the one who was declared POPE by her satanist buds.

Live Search: GEORGE LUCAS OPRAH AND SATANISM

YouTube - Coven Swapping, 007, Nicholas Cage, and the King of Pop

AND FINNALLY THE BUNCH OF YOU ARE GOD HATERS.....in the words of DR. FEEL......HOWS THAT WORKING FOR YOU ????

CLASS ACTION LAWSUIT AGAINST CIA/MEDIA VIOLATION OF FIRST AMENDMENT-RIGHT TO A FREE PRESS Petition

YouTube - The First Noel

The First Noel, the Angels did say
Was to certain poor shepherds in fields as they lay
In fields where they lay keeping their sheep
On a cold winter's night that was so deep.
Noel, Noel, Noel, Noel
Born is the King of Israel!

They looked up and saw a star
Shining in the East beyond them far
And to the earth it gave great light
And so it continued both day and night.
Noel, Noel, Noel, Noel
Born is the King of Israel!

And by the light of that same star
Three Wise men came from country far
To seek for a King was their intent
And to follow the star wherever it went.
Noel, Noel, Noel, Noel
Born is the King of Israel!

This star drew nigh to the northwest
O'er Bethlehem it took its rest
And there it did both Pause and stay
Right o'er the place where Jesus lay.
Noel, Noel, Noel, Noel
Born is the King of Israel!

Then entered in those Wise men three
Full reverently upon their knee
And offered there in His presence
Their gold and myrrh and frankincense.
Noel, Noel, Noel, Noel
Born is the King of Israel!

Then let us all with one accord
Sing praises to our heavenly Lord
That hath made Heaven and earth of nought
And with his blood mankind has bought.
Noel, Noel, Noel, Noel
Born is the King of Israel!

LIKE IT OR NOT.......IN THE END...... YOU WILL BOW TO MY KING

silly cunts and faggots got NOTHING on GOD

__________________
If you don't KNOW where you come from...you WILL wind up going nowhere.

That goes for Ideas, institutions as well as individuals :-I

http://www.youtube.com/watch?v=nUncnWxjUXM
^You CAN Handle The Truth - TRANCE Form America - 3of7

PSI TECH INVESTIGATIONS and LAW ENFORCEMENT

~777~ "THE AWACS ANGEL CODE"

Yep, this is so true. Whats absolutely hillarious is how conservative knuckle dragging apologist like "Badmutha", "Gixx", and "Dizzy", will be the first to blame the coming economic crisis on liberals. This will attempted to be done by conservatives, despite the fact of 8 years of a GOP President and 6 years of a GOP dominated congress.

__________________
AMERICA LAND OF THE FREE HOME OF THE BRAVE--BECAUSE OF OUR CONSTITUTION.