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Posts Tagged ‘USD’

Just when I think American economists and politicians have the slightest clue about the most basic facts of world affairs, international trade, or the nature of money, I am reminded yet again of the hypocrisy of this financial and social abyss toward which America is heading in the pecking order of the New World Order.

The U.S. government owns the banks and the car industry.  It sets the rules, makes them up as it goes along and has control over the money supply.  It apparently has no oversight as the Fed in May tap danced around the missing  NINE TRILLION DOLLARS that we could sure use about now. 

Say nothing of main stream media whose focus on the deaths of Michael Jackson is a slap in the face. Icon, perhaps but a role model-hardly. What about all the dead soldiers from U.S. Wars and the one’s breathing  in over 130 foreign countries?  No views of them in the nightly news.

No worries though, Congressman Barney Frank (D-MA), Chairman of the Financial Services Committee, introduced legislation decriminalizing marijuana at the federal level again. If passed, the legislation would eliminate criminal penalties for possessing 100 grams or less of marijuana for personal use.  Not to be outdone, San Francisco Assemblyman Tom Ammiano announced the introduction of a bill to tax and regulate marijuana like alcohol in the state of California.  Yippee,  another government owned industry!  Obama just signed a huge tax increase on tobacco, I can only image the tax on a joint.

“The Ammiano legislation would create a regulatory structure for that market similar to that for beer, wine and liquor: it would regulate taxed sales to adults while barring sales to or possession by those under 21. Estimated annual revenue from fees and sales and excise taxes under the proposed regulations runs into the billions of dollars.http://www.drugpolicy.org/news/pressroom/pressrelease/pr022309b.cfm

Maybe the U.S. Government can subsidizes pot growers like it does cotton, corn, soybean and other farming industries with my tax dollars.  Maybe we can trade it on the commodities exchange and all the traders can get a little profit too.  I wonder what currency it will trade-  USD, Amero, Acmetal, Euro…? 

The rest of the world is focusing on a new reserve currency in the New World Order and we focus on legalizing pot and subsidizing farmers in Afghanistan. As of the 111th Congress, Frank is also advocating a 25 percent reduction in the overall Military budget of the United States.

The Huffington Post http://www.huffingtonpost.com/2009/06/27/us-announces-shift-in-afg_n_221826.html says that “The United States has announced a new drug policy for opium-rich Afghanistan, saying it was phasing out funding for eradication programs while significantly increasing its funding for alternate crop and drug interdiction efforts. The War on drugs in the U.S has thousands in prison for drugs with our failing policies here, and we are expected to believe that sending millions there will be a deterrent?  I still have that little island in the desert for sale if anyone is interested.

Last week when leaders of the so-called BRIC nations (Brazil, Russia, India and China) held their first summit.  The BRIC countries comprise 15 per cent of the world economy, 40 per cent of global currency reserves and half the world’s population.  The governments of BRIC and must be laughing like they were smoking marijuana and injecting heroin at America.  Our elected officials focus on legalizing pot rather than be bothered with the cumbersome announcement from Russian President Dmitri Medvedev that the U.S dollar is on notice.

“The artificially maintained unipolar system”, he lectured, is based on “one big centre of consumption, financed by a growing deficit and … one formerly strong reserve currency.” At the root of the global financial crisis, he concluded, is that the US makes too little and spends too much.   “The summit must create the conditions for a fairer world order.” …The BRICs have put the US dollar on notice, and are already finding alternatives as a means of clearing accounts. Medvedev called for the IMF to include the Russian ruble and the Chinese yuan in the basket of currencies used to value its financial products. But that is just for starters. Chinese Central Bank governor Zhou Xiaochuan says the goal is now to create a reserve currency “that is disconnected from individual nations.”sourced at  http://dprogram.net/2009/06/24/a-new-world-is-being-born-one-without-the-us-dollar-greasing-the-wheels-of-commerce/

China, known for it’s Human Rights violations says, “It is a common wish of people of all countries to solve the drug problem as soon as possible and to build this planet into a healthy, civilized, happy and beautiful world.” http://www.china-embassy.org/eng/zt/mzpkz/t36387.htm   “Those convicted of drug-related crimes in China face harsh penalties, in some cases capital punishment. Drug abusers and addicts must undergo rehabilitation at police-run facilities or labor camps. Reformers are attempting to introduce community-based treatment approaches to a system dominated by zero tolerance.”http://www.erowid.org/psychoactives/law/countries/law_china.shtml 

Apparently, the perceptions of a dead American dollar and a dead American soldier can be overcome by getting stoned on government subsidized Marijuana and Opium in The Obama Administration. 

Changes I don’t want to believe in….

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Whew, finally summer has arrived and we survived the horrendous winter weather.  Folks in NJ got a big surprise last week with a huge hailstorm wrecking  havoc http://www.northjersey.com/multimedia/video/48114892.html -again illustrating the disproportion between science and reality. BTW- The House passed the American Clean Energy and Security Act, by a vote of 219-212.

The kids are off school and we are sleeping in a bit and planning for a few summer holidays.  We are  not leaving U.S. Soil- the greatest place on earth, even with all its faults.  Hawaii is out with North Korea threatening a missile attack near Independence Day.  California?  Nah, besides sitting on a major earthquake fault line, is too liberal for me.  MTV has been broadcasting all about Cancun, but we’ve been there and done that and I see no reason to support a government that can not manage to report influenza cases in a timely manner. ” Bahamas, Bermuda, Come on Pretty Mama”…The Beach Boys.  Suggestions welcomed on where to go.

Our holiday is still up for discussion as the economy just sucks and I have been tortured into hearing more about alleged pedophile Michael Jackson than necessary. 

Flipping to the net, I see Ben Bernanke the Fed Chair is feeling a bit challenged over Ron Paul’s Transparency Act that would allow an audit of the Fed.  Oh boo hoo, where did our nine trillion dollars go, why doesn’t anyone know and most importantly, what is there to hide?

Wherever and whenever we go, if we go at all-  like many Americans we go to the bank and take out what I call ‘play money’.  You know, money to play with- to buy the things we don’t really need but really want- like a Summer Vacation- preferably at the unpolluted, jelly fish free beaches.  

What if the banks go on holiday?  I am cognizant of the FDR bank holiday. 1000’s of banks never reopened in a face saving measure.  How many of our banks have no value, burdened by debt and bad mortgages?  How many banks are now owned by the U.S. Government?  How would I get to my safe deposit box if the bank was out of business?  Would it’s meager contents have any value anyways?

The hissy fit regulators are having near seizures over opening their books to public scrutiny, and once again I have to adjust antennae to tune in to exactly what the hell is going on and if bank closures could happen.

A bank holiday would certainly push the dollar’s value lower adding more rational to BRICs plan of adopting other IMF baskets of currencies.  Gold, already at a high premium would most likely increase, especially with the U.S. Mint announcing that there is a shortage of gold to produce certain coins.  The mint will continue to issue Presidential Coins and, “In God We Trust” will appear on the face of the coin starting in 2009. http://www.usmint.gov/mint%5Fprograms/%241coin/ Surely all that glitters is not gold.  I Trust in God, but the Fed, Obama, The World Bank or International Monetary Fund?

A Bank Holiday might just suit the needs of the U.S. economy according to some.  The rumor mill is that U.S Embassies are buying local currency. The Harry Schultz Letter (HSL) seems to reiterate that a Bank Holiday could occur http://www.marketwatch.com/story/schultz-paints-bleak-picture-of-future?siteid=rss&rss=1   With a grain of salt I quote its current issue, HSL reports rumors that “Some U.S. embassies worldwide are being advised to purchase massive amounts of local currencies; enough to last them a year. Some embassies are being sent enormous amounts of U.S. cash to purchase currencies from those governments, quietly. But not pound sterling. Inside the State Dept., there is a sense of sadness and foreboding that ‘something’ is about to happen … within 180 days, but could be 120-150 days.”

One commentator at  put it like this:  If true, the reason is this. Our Embassies all over the world employ millions of local nationals. Day to day operating costs are staggering, from food purchasing to fuel purchasing to utilities to meeting the local payroll. Local currency pays for all those expenses. When the USD crashes, local currencies may not be able to be purchased with USD’s. Even in a slow-mo devaluation, trying to buy enough local currency for day to day operation will be very very expensive. Should the USD become severely devalued or worthless, our Embassies will not be able to operate….http://goldismoney.info/forums/showthread.php?t=379225 Believe you me we have ambassadors everywhere http://www.usembassy.gov/.

President Obama is attempting to federalize the police and Department of Defense across the US with his civilian workforce.  If the shit hits the fan, banks go on holiday by September,civil unrest and Martial Law occurs between the money and the flu, the government will be all ready to take care of us. cough, cough.

I better get a move on somewhere and spend it while my money is still good. Yet, ” Consumer spending rose in May as benefits from the Obama administration’s stimulus plan spurred a jump in American incomes, a sign that efforts to revive the economy are starting to pay off….Stocks and the dollar dropped after China’s central bank again called for a new global currency.  http://www.bloomberg.com/apps/news?pid=20601087&sid=a6xBheN2SW.o  Leave it to Bloomberg to give the credit to Obama and not the hard working folks of America who just want a little vacation.

You may enjoy this related post: https://ahrcanum.wordpress.com/2009/06/26/audit-the-federal-reserve-trillions-missing-america-bankrupt/

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$700 Billion, have we totally lost our minds?  Where is free market correction when you need it most?  $700 billion is something around a third of our federal budget.  The US Dollar Index- USDX currency markets have the dollar value on a spirling downwards tick.  If the fed raises rates the already fragile real estate market could collapse and if it lowers rates the dollar could collapse.  Damned if you do, damned if you don’t.

Oil prices and other goods and services costs have to go up to counteract the decrease in the dollar value-INFLATION.  The US debt is well into the TRILLIONS with us owing China a huge chunk.  China instead of sitting on the dollars when they sell stuff, buys American interest bearing Treasury Bills and Treasury bonds.  Should Congress order the Fed to buy the debt back?  Everyone likes a Sale!  Money on sale, money on sale!  The buy back could be at a discounted rate but then it would further erode the value and increase the debt.  That won’t work and in the real world, sale items can not be returned with out a receipt. 

Oooooopps, –, the Fed isn’t owned  by the American people now is it?  http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm  It is owned by bankers.  

 

  • Lazard Brothers Bank of Paris
  • Israel Moses Sieff Banks of Italy
  • Warburg Bank of Hamburg, Germany and Amsterdam
  • Kuhn Loeb Bank of New York
  • Lehman Brothers Bank of New York
  • Goldman Sachs Bank of New York
  • Chase Manhattan Bank of New York (the Rockafellers)
  • Rothchild’s Bank of London & Berlin

It seems the Fed may have created more problems than it was supposed to prevent. Yikes, the money supply is increasing and the value decreasing.   Let’s print more money!  As for the SEC- jeeze oh weeze Louise, what happened to enforcing the laws on the books?  Could it be that when WTC 7 burned in NYC on 9-11 it took with how investment banks may have operated to split up top shares of initial public offerings when the high tech boom was occurring and other hints of information that might have fortold of this economic panic?  

 “Sovereign nations that cannot meet their financial obligations typically resort to the currency printing press. The inevitable result is debasement of the currency. This is the course the U.S. government and the Federal Reserve have taken. The unfolding bank solvency crisis and the attempts to prevent a systemic collapse have accelerated the debasement of the dollar. Its purchasing power is falling rapidly, and soon foreign investment in the dollar will also begin falling. When substantial foreign investment starts to flee the currency for safety elsewhere, the Federal Reserve will be forced to monetize the U.S. debt instead of selling treasury.” bonds.”  http://dinapharm.com/store/product_info.php?products_id=101 {this link sells survival crap but offered a consise statement }

What it all boils down to is the printing of more and more money with little value.  How to increase the value?  That’s the billion/trillion dollar question.  Hey, remember the idea of the AMERO?  Let’s introduce a new currency to solve some problems.  Ironically, unsubstantiated rumors on the net are “circulating in the Kremlin today states that the US Secretary of the Treasury has informed the China Development Bankthat the US has shipped $800 Billion of a new currency called the Amero, which is to be based upon the merging of the economies of The United States, Mexico and Canada into what is termed as The North American Union.  The current American debt obligation to China, currently based on the US Dollar, is now estimated to be the staggering sum of $2.5 Trillion, and which this new Amero will be exchanged for $400 Billion of this debt as the current American currency is set to be devalued by 50 percent before the end of the year.”  http://www.nworeport.com/ussends.htm   WHAT?  Okay, cite the source, but holy crap batman!

Maybe its all another case of shock and awe and to paraphrase author Naomi Klein, a “Rise of Disaster Capitalism,” providing exciting market opportunities in the wake of our financial crisis.   I’ve been to both countries and live in the US and since the people are all so nice everywhere, we could integrate Canada, USA, and Mexico into a North American Union to compete?  Good as reason as any.  All those troops serving a Brigade Homeland Tour, now on active duty, won’t have to worry about the borders any more.  We’ll be border-less just like the European Union.  We’ll all just be friends and get along splendidly.  The military will have more time to concentrate on countering terrorist threats just like they have participated by interdicting drugs and illegal aliens for decades.  I wonder if the Blackwater guys will mind being paid in the Amero?

Is is a major inconvenience to exchange currency at the border, problem solved with the AMERO!  The Europeans have done it with the EU, and supposidly The African Union Group of Eminent Persons has a plan to introduce a bank of all African currency by 2010, named Gold Mandela.  Why not the USA? 

President Bush has already hinted at this over the years and historically there is key legislation already in place- starting with NAFTA.  Mexican and Canadian trucks zip on thru US soil in the fast track with the Trusted Traveller Program. http://www.dhs.gov/xtrvlsec/crossingborders/  What’s another Executive Order?  Between the Military Commissions Act 2006, and the John Warner Defense Approprates Act 2007, and a list of Civil Disturbance Statues our President may have no problems convincing us that a North American Union is the way to achieve economic stability.  We’re already in a State of Emergency, let alone fighting the War on Poverty, the War on Drugs, the War on Terrorism, the Wars on Whatever.  Will the tax-paying citizens have run out of money and energy to fight a War against a NEU or Amero? 

The things is, that if we abandon monetary nationalism –the almighty dollar, and move towards adapting to regional currencies, we could be going down a path to one world currency and globalization.  Is that bad?  A New World Order, ring a bell?  ding, ding, ding. 

Label it what you wish– from A New World Order, to World Law, Global Democracy, Internationalism, A New Economic Order, Global Free Trade, or the International Monetary System.  Throw in the mix phrases like Global Citizenship, Global Warming, Unity in Diversity, Inter Faith-ism and Solidary and all reflect a big shift in who holds economic power.  It’s like a Star Trek episode, we come from the Federation of Earth.  Things like a $700 billion dollar bail out (or rescue- if you prefer the term) is going to reshape America. 

For the better, I pray.  

I question whether conspiracy is a foot, but damn I sure don’t want the shoe to fit.

Ahrcanum.

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