My rant on current economic events...

[jds6958]

prefece: :spy: and :tinfoil

Imho, many countries are dumping the USD, thereby slowly devaluing the dollar by increasing USD supply. It just takes one country to be near completion and be in the "right" investment, such as maybe gold or euro, and then intentionally make some kind of announcement to make the rest of the world panic. The USD would plummet and that other countries investment in Euro or gold or whatever the "safe haven" is determined to be by the masses will exponentially increase in value as the demand goes up. I predict that China, India, or even Russia is setting the stage for this, but I could be wrong. We are still seeing a steady decline but it is picking up speed. Is this a snowball getting faster, ready to fly off of a cliff…? Removing the US as the world’s superpower would, I imagine, be on some countries agenda as they would be eager to take our place. There is no better way to destroy a country than to destroy its currency. The US has an interest in keeping this a slow gradual process to keep the public calm while the masses lose their savings, pension, social security, salaries, 401ks, etc., to a falling dollar. The boiling frog method is a good strategy, but it could also blow up in our face if a panic begins. Regardless, it is either going to get ugly slowly, or at breakneck speeds. It is still impossible to say.

http://iraqwar.mirror-world.ru/article/81291
http://www.theaustralian.news.com.au/story/0,20867,16416680-28737,00.html
http://www.bloomberg.com/apps/news?pid=20601087&sid=ajeHLOsdjpng&refer=home
http://www.rense.com/general60/vure.htm
http://www.dailyreckoning.com.au/dollar-vulnerable/2007/09/12/
http://www.globalresearch.ca/index.php?context=viewArticle&code=COR20070412&articleId=5370
http://www.rense.com/general75/DUMPING.HTM
http://english.pravda.ru/main/18/88/351/14927_euro.html
http://www.resourceinvestor.com/pebble.asp?relid=12465
http://www.currencytrading.net/2007/...what-it-means/

In the addition, the US government is now authorized to print/create money to support an initiative called in many circles the PPT. The PPT is there to help keep the markets stable. Some of the wild intraday swings you are seeing in the market is not only the panic buying/selling, not only representing the overabundance of emotion out there right now, but also the PPT manipulation. M3 reports are no longer published so we do not know how much the gov. is dumping into the markets to keep it a float. Printing/creating money adds to inflation by increasing the supply of the USD.

http://en.wikipedia.org/wiki/Plunge_Protection_Team
http://www.plungeprotectionteam.com/

A USD collapse would reflect the following:

http://www.usagold.com/germannightmare.html
http://en.wikipedia.org/wiki/Hyperinflation
http://www.answers.com/topic/hyperinflation?cat=health


And don't even bother to read reports published by the government, such as employment numbers or the CPI. Look over the years at how that data was collected and changed. Look at those changes and collection methods and what it is trying to hide. Look at what some of the reports are not including such as oil and food in the consumer price index (CPI). I wonder why they stopped putting oil, food, and housing in the CPI? Maybe to artificially decrease the rate of inflation? Have the stock markets really gone up that much since 2001? Compare the stock market value with the rate of inflation. What good is a $14000 DOW if $14000 is the same as $10000 just 5 years ago. Current inflation (things we normally buy and/or need) is really at 9-12% per year. If you are not getting 12% a year raises to break even, then you are making less per year for quite some time now.

http://www.shadowstats.com/cgi-bin/sgs?
http://www.shadowstats.com/cgi-bin/sgs/article/id=340
http://www.shadowstats.com/cgi-bin/sgs/article/id=343
http://www.shadowstats.com/cgi-bin/sgs/article/id=341
http://mfile.akamai.com/6713/wma/gle...erviewfull.asx
added 11/19 http://www.nowandfutures.com/ VERY GOOD RESOURCE IMHO

What is the government's motive in all of this? Maybe to inflate away the national debt, subprime crisis, social security, etc., while taking your USD that you have in savings and your 401ks. along with it as a consequence. However, real assets, not fiat currency, will retain its value. Our fixed mortgages may even inflate away.

The Federal Reserve Chairman would rather throw money out of a helicopter, knowingly increase inflation, if not ignite hyperinflation, just to keep Wall Street content. This is the direction he has been promoting and moving toward. This is his solution as the best way out should it get “ugly”

http://onlinejournal.com/artman/publish/article_2304.shtml
http://www.911blogger.com/node/10634
added 11/15 http://biz.yahoo.com/ap/071115/economy.html

I have been unable to foresee a way out of this mess with out some extreme consequences. The subprime mess has got us in a jam and we can not raise interest rates as a result. If we could, we could maybe stall or reverse the USD dumpage. However, if we raise the interest rates, finanical entities would be collapsing left an right.

http://www.timesonline.co.uk/tol/comment/columnists/william_rees_mogg/article2852547.ece
http://news.yahoo.com/s/ap/20071114/ap_on_bi_co_ne/of_mutual_interest;_ylt=AgB1j_XoidiSVOnWDSdtMayyBh IF
http://www.rediff.com/money/2007/nov/12guest.htm

There is still opportunities to hedge your family and insulate against this seemingly likely possibility. If anyone has any contrary information suggesting that this direction is an overreaction other than "it has not happened before" or "the economy/market should do xyz because it always seems to do xyz" then please let me know. Hopefully it will be a slow but bumpy ride and not a freefall, run for the hills, market reaction, but the direction and end result appears to be the same.

Sub Prime Info:
http://www.thelion.com/bin/forum.cgi...t_pit&cmd=read

Daily Informative Blogs
http://www.jsmineset.com/
http://www.dailyreckoning.com/

Gold
http://www.gold-eagle.com/gold_digest_05/taylor041707.html
http://www.howtodothings.com/finance-and-money/a3620-how-to-buy-a-gold-american-eagle-coin.html
http://www.gold-eagle.com/editorials_05/hommelberg102805.html
http://www.gold-eagle.com/editorials_05/laird021506.html
http://www.bullionvault.com/
http://www.dailyreckoning.us/blog/?p=614

Ways to prepare:
http://home.comcast.net/~edithaz/
http://www.rr-bb.com/showthread.php?t=12176&highlight=preparation

Interesting-just found and looking into this more - one world currency and digital gold?

http://www.washingtonpost.com/wp-dyn/content/article/2007/11/11/AR2007111100998.html


A prudent man sees danger and takes refuge, but the simple keep going and suffer for it. Proverbs 22:3

In the house of the wise are stores of choice food and oil, but a foolish man devours all he has.
Proverbs 21:20

:hug

[Bernardd]

Imho, many countries are dumping the USD
Wow! I thought this was just talk. I didn't know that had already begun. Perhaps things are worse than I thought.

[Tammy]

jds6958 do you think it will happen fast or slow? Just would like to know what you think since you have put alot of time checking things out.

[Waiting...]

i find it ironic that the US will be hit hard by the one thing it loves most...money. No military in the world could or would dare touch us, but the ALMIGHTY dollar will do us in. I feel sad because I love this country. I hope that we are wrong...but I think not.

[jds6958]

jds6958 do you think it will happen fast or slow? Just would like to know what you think since you have put a lot of time checking things out.

I really wish I knew. It is so hard to say if and when the emotional panic will trigger the panic rush for the exits. A “soft landing” just seems so unlikely. It is of my opinion that the US wants this to happen slowly, hence the reason for inflating the markets and the deceit in the reporting. It is also evident that some countries want to accelerate the destruction of our economy. I expect a lot of countries to begin to say both very positive and very negative things about the same subjects, the sub prime mess, the USD, gold, etc...all with the agenda to manipulate the markets in their favor to do what they need to do (hedge themselves) against the train wreck (white noise and confuse people). I fear for Thursday and the report that is expected to come out, however, who knows what spin may be put on it when it is released. The collapse of a fiat currency is rare but nearly inevitable since nothing backs up a paper currencies value and the gov. has a license to print/create currency at will. Right now it is slow and steady. Someday we may wake up and the plunge has begun. I believe it is 50% possible with in a year, 75% with in 2 years, and 99% possible in five years. I do not see a way out yet for the US but I am looking. EOY is even still a strong possibility. It costs nearly nothing to take steps to protect oneself, but it will cost infinitely more if no preparations are made. This is a situation that may make the great depression like a walk in the park. No one is going to get through this unscathed, but you can mitigate the effects. If by some miracle it does not happen because the government sliced the budget in half, announced that we are converting the Amero, and will stop intervening in the stock markets and assisting financial entities, then you have lost nothing by still having protected yourself. However, how likely is the US going to reverse the direction that they are heading (except maybe the Amero part eventually)? Not to likely, their behavior makes the agenda transparent to those who look for it…

Anyone that I have read/met that is optimistic tends to not be giving attention to all information or is turning their head the other way. I am still trying to figure out a way to insulate my 401k, and it appears I have few options since I still have the same employer. We can't do anything but inform and warn, but as to when it is anyone's guess. The longer it goes the better as decisions can be made as time progresses that will help prepare us or potentially hazardous decisions could be avoided. I am very confident it is going to be messy, we can only pray that we make the right decisions and the Lord helps us through it when it does happen.

Sorry if that did not really answer your question, but that is the best I can do. I do know that “experts” that have been tracking this scenario for the last few years are basically saying that this is the “last call” to protect yourself, even recommending extreme measures, or at least extreme measures that active traders would consider extreme, such as abandoning all internet accounts, buying 50% into gold long term and maybe some Euro short term. Keeping nothing or next to nothing in the banks. These are extreme statements that have recently surfaced after years of “predicting” They are talking days/weeks and maybe months.

[tjplaw]

We need to pray that God with have mercy on th United States.

[Tammy]

Thank you for your answer and also for taking your time to inform us what is going on in the world.

[jds6958]

Wow! I thought this was just talk. I didn't know that had already begun. Perhaps things are worse than I thought.

What I am afraid of is that b/c these countries have begun "the talk" that they have already begun dumping and may be feeling comfortable letting the USD tank. Anotherwords, if certain countries already have a head start in the USD dumpage, they can gain a competative advantage over certain other countries (including US) by igniting the panic. Why would countries announce their intent to dump? They are not stupid. Their statements cause the USD to collapse, which is why it has accelerated in the last month. For the last couple years it has been slow and steady. Who was dumping during that time and not announcing it and why is it being announced now? Maybe to intentionally collapse the dollar. Other countries who are "not ready" are going to come out and say, "oh the dollar is just fine, it is a stable global currency and always will be, it is due to correct." And so the battle of the words begins to try to manipulate, how long till the collective human psychology gives and panic results....dunno, but the chess board does not look like it is in the USD favor....

[jds6958]

Thank you for your answer and also for taking your time to inform us what is going on in the world.

You are welcome. This board is an amazing source of end times material and wonderful people. If I can be of any help to this board in providing valuable DD, then I am happy to share...

[jds6958]

one world currency and digital gold?

http://www.washingtonpost.com/wp-dyn/content/article/2007/11/11/AR2007111100998.html

added through edit to the op