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Old 01-28-2006, 03:58 PM
SeC SeC is offline
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Default Collapse of U.S. Economy Imminent


Collapse of U.S. Economy Imminent *
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reposted of notepad *
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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.
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Consider these five important points:
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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.
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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. government’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.
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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 banks’ new "guidelines" to anyone. (however, employees have been talking to friends and family)
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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 - what’s really going on?
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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.
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Point #5 The Patriot Act and the US Senate’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.
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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 nation’s existence and our very lives.
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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.
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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).
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We are right on the edge - the Treasury is already overextended - the U.S. government cannot (and will not) care for its own citizens’ 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.
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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.
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Question: Considering the U.S. Treasury Notes that China currently holds (which keeps the U.S. economy going)...
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Do you think China will continue to support a country’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?
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I think not.
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Factoring in the aforementioned points of "preparation" engineered by U.S. authorities, I’d say there’s a stinking rat in the woodpile ...can you smell it too?
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Source: http://bellaciao.org/en/article.php3?id_article=9995

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Old 01-28-2006, 06:36 PM
SeC SeC is offline
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Default Re: Collapse of U.S. Economy Imminent

The dollar may fall this March

America's foreign debt currently standing at $8,184 trillion will hit the debt ceiling as early as February-March 2006

The United States is heading to financial crisis at top speed. That is correct, America will default on its foreign debt sooner or later if the actual trends remain unchanged. Consequently, the whole dollar-based world (including savings in U.S. currency) may crumble. In actuality, the public have grown tired of numerous forecasts regarding an imminent collapse of the U.S. economy. The picture looks pretty grim this time around. Several factors will have an extremely detrimental effect on the dollar, according to U.S. Secretary of the Treasury John Snow who forwarded a letter full of ominous predictions to 21 members of U.S. Congress. The letter was made public after the markets had been closed for Christmas and New Year's holidays - a rather appropriate precautionary move in terms of the international foreign exchange market, which is extremely sensitive to any sound produced by U.S. bureaucrats.*

In his letter, Snow predicts a crisis in February this year. Citing U.S. government forecasts, Snow believes that America's foreign debt currently standing at $8,184 trillion will hit the debt ceiling as early as February-March 2006. For decades the White House has been borrowing money to cover expenditures that exceeded the real economic growth rates. As a result, the U.S. public debt currently totals to $8.1 trillion, a huge figure compared to the U.S. GDP that is slightly above $11 trillion.

U.S. Congress sets a debt ceiling which U.S. government must not exceed in borrowing. Exceeding the ceiling brings about the so-called technical default i.e. U.S. fails to pay its foreign debt in full at the right time. However, the government has been continuously raising the foreign debt limits over the last 50 years.**

The United States has been on the verge of default for several times in the past. The recent pre-crisis situations occurred in 2002 and 2003. In the former case (the war in Afghanistan started in 2002), the then Secretary of the Treasury Paul O'Neil demanded to increase the limits a mere 10 days before the estimated expiry of foreign debt ceiling (about $6 trillion at the time). President George W. Bush had to step in to resolve the situation. The new Secretary of the Treasury John Snow raised the issue again in 2003, the year of U.S.-led invasion to Iraq.

The situation looks the same these days. An additional minimum amount of $171 billion in foreign loans over the limit is required to satisfy the needs of the U.S. economy (though growth rates are far from being spectacular), otherwise the U.S. will face the first foreign debt default in its history.

"We will run out of funds for financing the government operations by mid-March at the latest even if the U.S. Department of the Treasury takes all possible legal measures to keep the foreign debt ceiling from going up," says Snow. Under his scenario, the government will have to take "emergency measures" to pay the bills. The measures mostly boil down to cutting the spending in all areas from social sector to national security.*

We should not forget that the United States is normally reluctant when it comes to taking steps that could lack popularity with the public and power bloc. By and large, the United States is not good at fighting its ever-growing appetites that result in technical default. The default will lead to a sharp drop of the dollar with respect to all world currencies on the international foreign exchange market. The dollar reserves and debt securities of all countries will depreciate. Time will show how bad things can get under the circumstances. The upcoming default will undoubtedly have an impact on the world economy.

Still, it is difficult to say how much damage the default will cause to the United States. Meanwhile, experts point out that America is definitely getting ready for default.

The thing is, a number of events are due take place in March. The events look very alarming to the world of the dollar.

First, Iran is to officially switch into the euro in its foreign trade operations including oil exports. Second, China is hinting at a potential increase of the euro share in its Central Bank basket of currencies. The dollar share currently holds 70% of the basket. The dollar will be severely affected should the two countries, an oil and gas producer and a manufacturer, take action in a simultaneous manner.

Besides, the U.S. Federal Reserve is going to stop publishing the so-called "M 3 aggregate" reports i.e. data on increase rates in money supply. Given the New Year's predictions by John Snow, the Fed's intentions look pretty suspicious. In other words, the international community will have no tool for measuring a real value of the dollar. Russia has no reason to panic over the coming changes since it keeps its M 3 aggregate data in the dark too.

The Fed is going to pull the plug on the data in March this year. Several events should occur in different countries more or less at the same time and thus damage credibility of the U.S. securities. Risk-averse investors get rid of speculative securities e.g. the dollar securities under the circumstances.*******

All in all, the situation is quite alarming though it looks like a play being staged on purpose. The currency market and the U.S. foreign policy are hard to foretell. It would be inappropriate to jump to conclusions.

Source: http://english.pravda.ru/world/20/91/368/16741_dollar.html
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Old 01-28-2006, 07:09 PM
Indred Indred is offline
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Default Re: Collapse of U.S. Economy Imminent

SeC, are you beginning to let your true agenda show? What an interesting source for this article. It seems so much less upbeat and somewhat depressing. If the dollar falls for any reason, no currency will be safe including the Euro. Gold is so heavy to carry around and remember we do not live in the same world as we once did. Gold would allow the individual to much freedom from governance. You need to return to your sincere articles on how happy and loving we will all be when your concept of the future finally arrives.
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Old 01-29-2006, 09:57 AM
redrat11 redrat11 is offline
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Default Re: Collapse of U.S. Economy Imminent

Sec, your one of many America Bashers on this forum, and that is your right, everyone seems to think America is at fault for every damm problem in the world. With that said this article has been posted at least 3 times already, and after a little research I found that maybe it just might be good if America Crumbles as you "foreigners" want, that way it would be the Individual States who would be in charge of their own destiny, without the FEDERAL WHORES to enslave them, just as the founding fathers predicted would happen, so you see (Dominio,Sec,ect.) America will never go away as you wish it would. Take that to the bank. Freedom to the States!
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Old 01-29-2006, 02:25 PM
Indred Indred is offline
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Default Re: Collapse of U.S. Economy Imminent

SeC, if I were you,living in Switzerland, I would be worried. If America is destroyed, either financially or physically, it will not destroy the American Illuminati. These are the American super-rich and a more evil bunch you will never see. They will long have had plans to abandon America if things get tough and probably have their eyes set on luxury countries such as Switzerland. Would you really like to see arrogant American super capitalist flood your country and the better places in Europe. I can promise you that you would be working for them at half your pay now. At the moment the American people are so blind that they tolerate these monsters here even though they enslave the world. You and all of Europe and the rest of the world should pray to your gods that America stands and that the American people remain ignorant of the demons in their midst. America absorbs most of the evil these super-rich exude, with us gone they would descend on you like a locust army from Hell. European super-rich would melt in the presence of these vicious carnivores.
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