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Started By
Message
The impending end of America
Posted on 12/29/19 at 10:18 pm
Posted on 12/29/19 at 10:18 pm
1) The era of U.S. Dollar hegemony is coming to an end
In 1944, the Allied Powers constructed the post-war monetary order at the Bretton Woods Conference in New Hampshire. Because America had cemented itself as the world’s preeminent superpower, it was agreed that the U.S Dollar would officially be the global reserve currency (it had unofficially held this status since 1925). The bulk of international transactions would now be conducted in U.S. Dollars. The world’s central banks would also hold massive quantities of USD. As of today, the U.S. Dollar constitutes 60% of global reserves and 80% of global payments.
Historically, US dominance has been buttressed by the dollar’s role as the global reserve currency. The fall of the dollar as the global reserve currency…would be one of the sharpest indications of a loss of US global economic position, equivalent to the sterling’s demise as the world’s currency, contributing to the end of the British Empire in the post-World War II period.
Simply put, the current monetary system allows America to pay for goods and services with printed dollars. If other countries printed giant sums of their money to buy imports, their currency’s value would crash on the foreign exchange market. Because the USD’s reserve currency status creates an unlimited demand for dollars, America has been merrily churning the printing presses to bolster its military and buy foreign goods.
All of the “Made in _______” goods being sold at American retailers, as well as American made products using imported materials, should be 2–5x more expensive than they are now. The US runs trade deficits with virtually every country in the world. Other countries give us goods and we give them printed money. That the U.S has spent the past century debasing its currency is obvious; the prices of everyday goods are more expensive than in the 1950’s by several orders of magnitude.
The US Dollar is not the world’s first reserve currency, nor will it be the last.
The average reserve currency length is 95 years. That the U.S dollar will lose its status as the global reserve currency is unavoidable. This will lead to Americans paying much higher prices for imports. The federal government will downsize drastically. No longer will massive yearly deficits be run.
When we can no longer pay our deficits with printed dollars, the 1 in 5 Americans who receive federal aid will see giant reductions in their benefits. Government employees will be fired en masse. Pensioners will receive a fraction of what they’re owed. This, of course, will be happening as our currency is plummeting on the foreign exchange market. Chaos will erupt in the streets. This day is rapidly approaching because…
2) The U.S. is only a few years away from another financial crisis
In 1998, Wall Street bailed out a hedge fund called Long-Term Capital Management to prevent a meltdown of the global financial system. In 2008, the world’s central banks bailed out Wall Street. What’s going to happen when central banks need to be bailed out?
Since 2008, they have printed over 12 trillion dollars to prop up the financial system. They’ve engendered monstrous speculative bubbles in stocks, bonds, and real estate. Donald Trump’s presidency, Brexit, and the rise of the European Far-Right are, in part, responses to Western nations buoying our broken monetary system at the expense of the general public.
James Rickards’ The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis details how the international monetary system is more unstable and disaster-prone than ever. Unprecedented levels of risk and criminality exist within it. The world’s governments, corporations, and citizens have never been this indebted. Once the global economy slows and debt-bombs begin exploding, the world’s Central Banks will be printing obscene amounts of money in an attempt to mitigate the damage. Their efforts will prove futile as citizens rush to hard assets to preserve their wealth.
Out of necessity, the global monetary system will be reconstructed. The International Monetary Fund’s Special Drawing Right (SDR) will supplant the U.S Dollar as the world’s reserve currency.
3) America no longer even remotely resembles what the founders envisioned
It’s remarkable how prescient our Founding Fathers were about America’s current predicament. They were keenly aware of man’s tyrannical impulses and the usurious nature of banks. They knew once the American public favored idols and indulgences over liberty, prudence, and goodwill, their leaders would follow suit. It’s shocking how far the country has deviated from what it originally was.
Whereas America used to embrace self-sufficiency and limited Federal governance, it is now a profligate, warmongering police state. Those who have suffered at the hands of our imperialistic wrath are still seething. In 2010, a military-grade, Russian attack virus was found in the NASDAQ operating system. Admiral Michael S. Rogers, head of the NSA, recently stated, “It’s only a matter of [time when] you are going to see a nation state, a group, or an actor engage in destructive behavior against critical infrastructure of the United States.”
Retaliation against our militarism abroad will soon destroy the nation.
Everyone under 40 is frickED
Organic Gummie Berries and Champagne
In 1944, the Allied Powers constructed the post-war monetary order at the Bretton Woods Conference in New Hampshire. Because America had cemented itself as the world’s preeminent superpower, it was agreed that the U.S Dollar would officially be the global reserve currency (it had unofficially held this status since 1925). The bulk of international transactions would now be conducted in U.S. Dollars. The world’s central banks would also hold massive quantities of USD. As of today, the U.S. Dollar constitutes 60% of global reserves and 80% of global payments.
Historically, US dominance has been buttressed by the dollar’s role as the global reserve currency. The fall of the dollar as the global reserve currency…would be one of the sharpest indications of a loss of US global economic position, equivalent to the sterling’s demise as the world’s currency, contributing to the end of the British Empire in the post-World War II period.
Simply put, the current monetary system allows America to pay for goods and services with printed dollars. If other countries printed giant sums of their money to buy imports, their currency’s value would crash on the foreign exchange market. Because the USD’s reserve currency status creates an unlimited demand for dollars, America has been merrily churning the printing presses to bolster its military and buy foreign goods.
All of the “Made in _______” goods being sold at American retailers, as well as American made products using imported materials, should be 2–5x more expensive than they are now. The US runs trade deficits with virtually every country in the world. Other countries give us goods and we give them printed money. That the U.S has spent the past century debasing its currency is obvious; the prices of everyday goods are more expensive than in the 1950’s by several orders of magnitude.
The US Dollar is not the world’s first reserve currency, nor will it be the last.
The average reserve currency length is 95 years. That the U.S dollar will lose its status as the global reserve currency is unavoidable. This will lead to Americans paying much higher prices for imports. The federal government will downsize drastically. No longer will massive yearly deficits be run.
When we can no longer pay our deficits with printed dollars, the 1 in 5 Americans who receive federal aid will see giant reductions in their benefits. Government employees will be fired en masse. Pensioners will receive a fraction of what they’re owed. This, of course, will be happening as our currency is plummeting on the foreign exchange market. Chaos will erupt in the streets. This day is rapidly approaching because…
2) The U.S. is only a few years away from another financial crisis
In 1998, Wall Street bailed out a hedge fund called Long-Term Capital Management to prevent a meltdown of the global financial system. In 2008, the world’s central banks bailed out Wall Street. What’s going to happen when central banks need to be bailed out?
Since 2008, they have printed over 12 trillion dollars to prop up the financial system. They’ve engendered monstrous speculative bubbles in stocks, bonds, and real estate. Donald Trump’s presidency, Brexit, and the rise of the European Far-Right are, in part, responses to Western nations buoying our broken monetary system at the expense of the general public.
James Rickards’ The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis details how the international monetary system is more unstable and disaster-prone than ever. Unprecedented levels of risk and criminality exist within it. The world’s governments, corporations, and citizens have never been this indebted. Once the global economy slows and debt-bombs begin exploding, the world’s Central Banks will be printing obscene amounts of money in an attempt to mitigate the damage. Their efforts will prove futile as citizens rush to hard assets to preserve their wealth.
Out of necessity, the global monetary system will be reconstructed. The International Monetary Fund’s Special Drawing Right (SDR) will supplant the U.S Dollar as the world’s reserve currency.
3) America no longer even remotely resembles what the founders envisioned
It’s remarkable how prescient our Founding Fathers were about America’s current predicament. They were keenly aware of man’s tyrannical impulses and the usurious nature of banks. They knew once the American public favored idols and indulgences over liberty, prudence, and goodwill, their leaders would follow suit. It’s shocking how far the country has deviated from what it originally was.
Whereas America used to embrace self-sufficiency and limited Federal governance, it is now a profligate, warmongering police state. Those who have suffered at the hands of our imperialistic wrath are still seething. In 2010, a military-grade, Russian attack virus was found in the NASDAQ operating system. Admiral Michael S. Rogers, head of the NSA, recently stated, “It’s only a matter of [time when] you are going to see a nation state, a group, or an actor engage in destructive behavior against critical infrastructure of the United States.”
Retaliation against our militarism abroad will soon destroy the nation.
Everyone under 40 is frickED
Organic Gummie Berries and Champagne
36
Posted on 12/29/19 at 10:21 pm to OWLFAN86
I’m under 40. Should I panic?
Posted on 12/29/19 at 10:23 pm to OWLFAN86
Posted on 12/29/19 at 10:23 pm to OWLFAN86
Jesus, d:r aren't you old as Hell?
Why put forth the effort?
Why put forth the effort?
Posted on 12/29/19 at 10:24 pm to OWLFAN86
Gonna suck arse when me and the family have to move under the decaying overpass. I'm in debt up to my arse.
Posted on 12/29/19 at 10:26 pm to OWLFAN86
Popeye's Spicy Chicken Sandwich proves Americans can do anything even the smallest simple little thing and it becomes awesome.
This post was edited on 12/29/19 at 10:27 pm
Posted on 12/29/19 at 10:27 pm to OWLFAN86
Posted on 12/29/19 at 10:27 pm to beHop
quote:study mandarin
I’m under 40. Should I panic?
Posted on 12/29/19 at 10:29 pm to OWLFAN86
Copypasta from clueless nutjobs.
Posted on 12/29/19 at 10:29 pm to OWLFAN86
I already try to buy hard assets as much as possible. I’d love to save more but I fear by retirement the house of Cards will have fallen already. I keep 10-15k in my checking account for emergency cushion but when I get much over that I just start buying stuff of value
Posted on 12/29/19 at 10:30 pm to OWLFAN86
Not sure where this is headed, but definitely primed for a switcheroo
Posted on 12/29/19 at 10:31 pm to OWLFAN86
Posted on 12/29/19 at 10:31 pm to OWLFAN86
Do you know how the balance of payments works?
Posted on 12/29/19 at 10:31 pm to OWLFAN86
Mother graciously loaned me her car last night, and I set forth with purpose. My mission: to scout out locations to place the books and come up with challenging yet solvable riddles. I could feel rather quickly that both mind and the body would require high energy.
I remember the last time I felt this way -- 1996. Our team had just won the MSSANOLA volleyball championship. We were in the decisive third set, down 14-12. I was up for serve and there was rally scoring. In one of my proudest lifetime moments, I nailed two underhanded aces on the way to an historic, unforgettable 16-14 championship win. The gymnasium at Muss Bertolino erupted in obstreperous applause. Families and friends wept as they ran onto the court to celebrate. I was hoisted up onto my coach's shoulders as he streaked from one side of the court to the other yelling, "Kafka (real name redacted), you did it!"
It was an incredible feeling. So incredible that in my state of bliss, apparently, my detrusor muscle contracted momentarily. Coach quickly dethroned me from the seat of his shoulders. But the celebration continued on.
Providence would have it that we were less than one mile from the first Cici's location in the NOLA Metro, located in Chateau where the old Sunbasket Grocery existed. Cici's had just opened the previous year on June 18. It offered all-you-can eat for $2.99. Jones may remember this location well, as it was next to a Major Video.
To say that I carb loaded on that evening 23 years ago is an understatement. I celebrated as only a conquering hero could and ate enough to put one of buttocksnclarse's weekends to shame. If you've ever watched a Decepticon scarf down energon cubes, that was me at the pizza counter.
As I drove around and let me my mind focus on the many possibilities, Cici's name flashed in my brain. I thought, "Tonight's a perfect night for Cici's!" Perhaps the seed was planted by a Food Board poster who asked if I could make a top 10 Cici's list as well. I drove miles past what appeared to be a decaying retail area of Kenner.
That portion of W Esplanade west of Williams is depressing. The road is torn up as repairs are made. Esplanade Mall was empty. The old AMC and Walmart and Sav-A-Center strip mall, which also contained a Blockbuster where I purchased my first copy of The Sound of Music, all shuttered and the mall's carcass empty save for some strange store called At Home. I considered stopping to check on their Top 10 Christmas ornaments, but by this time, my blood sugar was at a dangerously low level. Cici's was just beyond the horizon.
Or so I thought. That Chateau strip mall was nearly gone! Cici's is no more. I stopped the car, parked and got out. I fell to my knees and looked around at what had become of this site of a beautiful memory of mine. Some people don't care, but when the physical locations of memories are destroyed, I hurt. A piece of me feels as though it has been lost. That's one reason Katrina was so traumatic to me. The loss of so much material structure that gave form to my memories, gone. Like I said, for some, it means nothing, but for me, perhaps being so sensitive, it does hurt.
I regrouped and googled. Thankfully, there was a Cici's in Metairie on Airline. I drove down Williams and hit a left at Airline where a Wagner's Meat once was -- it too is gone. Soon I was passing Skate Country. One day I'll share with you the specifics of a 1997 birthday party there, where I proposed to my 12 year old girlfriend at the center of the rink -- I even had the DJ involved. She broke my heart and declined, but that's for another time.
Finally, I had arrived. This Cici's was nothing like the one in my memory. It felt small, cheap, dirty, and all the people there were obese. None of them had appropriate dining attire. There were lots of t-shirts, all untucked, and jeans. I don't think a single male was wearing ironed slacked, except me. Zero button up shirts, except me. No leather dress shoes, except me. I must have stuck out like Rudolph there, as I would have been accepted at Commander's and these slobs didn't deserve entrance at Walmart.
Unlike most Top 10 lists, where I count down leading to the best, this article will be arranged slightly different. The buffet style means that multiple items will appear in the same picture. As such, I will rate each items that appears in the pictures and then at the end give a listing based on rating. Is that okay with you?
I remember the last time I felt this way -- 1996. Our team had just won the MSSANOLA volleyball championship. We were in the decisive third set, down 14-12. I was up for serve and there was rally scoring. In one of my proudest lifetime moments, I nailed two underhanded aces on the way to an historic, unforgettable 16-14 championship win. The gymnasium at Muss Bertolino erupted in obstreperous applause. Families and friends wept as they ran onto the court to celebrate. I was hoisted up onto my coach's shoulders as he streaked from one side of the court to the other yelling, "Kafka (real name redacted), you did it!"
It was an incredible feeling. So incredible that in my state of bliss, apparently, my detrusor muscle contracted momentarily. Coach quickly dethroned me from the seat of his shoulders. But the celebration continued on.
Providence would have it that we were less than one mile from the first Cici's location in the NOLA Metro, located in Chateau where the old Sunbasket Grocery existed. Cici's had just opened the previous year on June 18. It offered all-you-can eat for $2.99. Jones may remember this location well, as it was next to a Major Video.
To say that I carb loaded on that evening 23 years ago is an understatement. I celebrated as only a conquering hero could and ate enough to put one of buttocksnclarse's weekends to shame. If you've ever watched a Decepticon scarf down energon cubes, that was me at the pizza counter.
As I drove around and let me my mind focus on the many possibilities, Cici's name flashed in my brain. I thought, "Tonight's a perfect night for Cici's!" Perhaps the seed was planted by a Food Board poster who asked if I could make a top 10 Cici's list as well. I drove miles past what appeared to be a decaying retail area of Kenner.
That portion of W Esplanade west of Williams is depressing. The road is torn up as repairs are made. Esplanade Mall was empty. The old AMC and Walmart and Sav-A-Center strip mall, which also contained a Blockbuster where I purchased my first copy of The Sound of Music, all shuttered and the mall's carcass empty save for some strange store called At Home. I considered stopping to check on their Top 10 Christmas ornaments, but by this time, my blood sugar was at a dangerously low level. Cici's was just beyond the horizon.
Or so I thought. That Chateau strip mall was nearly gone! Cici's is no more. I stopped the car, parked and got out. I fell to my knees and looked around at what had become of this site of a beautiful memory of mine. Some people don't care, but when the physical locations of memories are destroyed, I hurt. A piece of me feels as though it has been lost. That's one reason Katrina was so traumatic to me. The loss of so much material structure that gave form to my memories, gone. Like I said, for some, it means nothing, but for me, perhaps being so sensitive, it does hurt.
I regrouped and googled. Thankfully, there was a Cici's in Metairie on Airline. I drove down Williams and hit a left at Airline where a Wagner's Meat once was -- it too is gone. Soon I was passing Skate Country. One day I'll share with you the specifics of a 1997 birthday party there, where I proposed to my 12 year old girlfriend at the center of the rink -- I even had the DJ involved. She broke my heart and declined, but that's for another time.
Finally, I had arrived. This Cici's was nothing like the one in my memory. It felt small, cheap, dirty, and all the people there were obese. None of them had appropriate dining attire. There were lots of t-shirts, all untucked, and jeans. I don't think a single male was wearing ironed slacked, except me. Zero button up shirts, except me. No leather dress shoes, except me. I must have stuck out like Rudolph there, as I would have been accepted at Commander's and these slobs didn't deserve entrance at Walmart.
Unlike most Top 10 lists, where I count down leading to the best, this article will be arranged slightly different. The buffet style means that multiple items will appear in the same picture. As such, I will rate each items that appears in the pictures and then at the end give a listing based on rating. Is that okay with you?
This post was edited on 12/29/19 at 10:34 pm
Posted on 12/29/19 at 10:46 pm to OWLFAN86
1) The era of U.S. Dollar hegemony is coming to an end
In 1944, the Allied Powers constructed the post-war monetary order at the Bretton Woods Conference in New Hampshire. Because America had cemented itself as the world’s preeminent superpower, it was agreed that the U.S Dollar would officially be the global reserve currency (it had unofficially held this status since 1925). The bulk of international transactions would now be conducted in U.S. Dollars. The world’s central banks would also hold massive quantities of USD. As of today, the U.S. Dollar constitutes 60% of global reserves and 80% of global payments.
Historically, US dominance has been buttressed by the dollar’s role as the global reserve currency. The fall of the dollar as the global reserve currency…would be one of the sharpest indications of a loss of US global economic position, equivalent to the sterling’s demise as the world’s currency, contributing to the end of the British Empire in the post-World War II period.
Simply put, the current monetary system allows America to pay for goods and services with printed dollars. If other countries printed giant sums of their money to buy imports, their currency’s value would crash on the foreign exchange market. Because the USD’s reserve currency status creates an unlimited demand for dollars, America has been merrily churning the printing presses to bolster its military and buy foreign goods.
All of the “Made in _______” goods being sold at American retailers, as well as American made products using imported materials, should be 2–5x more expensive than they are now. The US runs trade deficits with virtually every country in the world. Other countries give us goods and we give them printed money. That the U.S has spent the past century debasing its currency is obvious; the prices of everyday goods are more expensive than in the 1950’s by several orders of magnitude.
The US Dollar is not the world’s first reserve currency, nor will it be the last.
The average reserve currency length is 95 years. That the U.S dollar will lose its status as the global reserve currency is unavoidable. This will lead to Americans paying much higher prices for imports. The federal government will downsize drastically. No longer will massive yearly deficits be run.
When we can no longer pay our deficits with printed dollars, the 1 in 5 Americans who receive federal aid will see giant reductions in their benefits. Government employees will be fired en masse. Pensioners will receive a fraction of what they’re owed. This, of course, will be happening as our currency is plummeting on the foreign exchange market. Chaos will erupt in the streets. This day is rapidly approaching because…
2) The U.S. is only a few years away from another financial crisis
In 1998, Wall Street bailed out a hedge fund called Long-Term Capital Management to prevent a meltdown of the global financial system. In 2008, the world’s central banks bailed out Wall Street. What’s going to happen when central banks need to be bailed out?
Since 2008, they have printed over 12 trillion dollars to prop up the financial system. They’ve engendered monstrous speculative bubbles in stocks, bonds, and real estate. Donald Trump’s presidency, Brexit, and the rise of the European Far-Right are, in part, responses to Western nations buoying our broken monetary system at the expense of the general public.
James Rickards’ The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis details how the international monetary system is more unstable and disaster-prone than ever. Unprecedented levels of risk and criminality exist within it. The world’s governments, corporations, and citizens have never been this indebted. Once the global economy slows and debt-bombs begin exploding, the world’s Central Banks will be printing obscene amounts of money in an attempt to mitigate the damage. Their efforts will prove futile as citizens rush to hard assets to preserve their wealth.
Out of necessity, the global monetary system will be reconstructed. The International Monetary Fund’s Special Drawing Right (SDR) will supplant the U.S Dollar as the world’s reserve currency.
3) America no longer even remotely resembles what the founders envisioned
It’s remarkable how prescient our Founding Fathers were about America’s current predicament. They were keenly aware of man’s tyrannical impulses and the usurious nature of banks. They knew once the American public favored idols and indulgences over liberty, prudence, and goodwill, their leaders would follow suit. It’s shocking how far the country has deviated from what it originally was.
Whereas America used to embrace self-sufficiency and limited Federal governance, it is now a profligate, warmongering police state. Those who have suffered at the hands of our imperialistic wrath are still seething. In 2010, a military-grade, Russian attack virus was found in the NASDAQ operating system. Admiral Michael S. Rogers, head of the NSA, recently stated, “It’s only a matter of [time when] you are going to see a nation state, a group, or an actor engage in destructive behavior against critical infrastructure of the United States.”
Retaliation against our militarism abroad will soon destroy the nation.
Everyone under 40 is frickED
Organic Gummie Berries and Champagne
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Posted on 12/29/19 at 10:54 pm to OWLFAN86
Posted on 12/29/19 at 10:56 pm to TT9
quote:
Jesus, d:r aren't you old as Hell?
Why put forth the effort?
Dude's not even from America
Posted on 12/29/19 at 10:58 pm to OWLFAN86
You are as bad as OweO
Go frick yourself
Go frick yourself
Posted on 12/29/19 at 11:00 pm to OWLFAN86
quote:
Everyone under 40 is frickED
Just made 41, so I am good. Amazing what a few months can bring about. Would have been doomed if I were born just 13 months later.
Posted on 12/29/19 at 11:02 pm to Mr Personality
quote:thats an incredibly insensitive and poor informed opinion
You are as bad as OweO
the thread isn't about me or made up friends
it has no typos or misspellings, I don't commit grammar rape and I can walk away any time I want to
This post was edited on 12/29/19 at 11:19 pm
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