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Doing The Global Currency Shuffle

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Alt-Markets.com

Brandon Smith

 

In mainstream financial circles, the concept of a global currency is often spoken of only with an atmosphere of caution. It is approached always in hypothetical terms. It is whispered of as some far off dream; a socio-economic moon landing in the far reaches of fiscal space. Perhaps in 2015, or 2020, or maybe 2050, but certainly never just over the horizon, or right around the corner posing as an innocuous trade asset created over 40 years ago and used only on rare occasions. Unfortunately, the development of a centralized global security representing the creation of a supranational economic body is much closer than many would care to admit…

The most common argument made in the mainstream against a global currency taking shape is the argument that no other currency in the world today has the strength or widespread circulation necessary to replace the dollar as a primary reserve unit. This is true, if, you only look at separate currencies, and not the big picture. The reality is, central banks and the IMF have no intention of replacing one national currency with yet another national currency as the world reserve. What they DO intend to do, however, is replace the dollar with a basket of national currencies linked together and homogenized under a single unit. This has been openly announced by the IMF for months, and Dominique Strauss-Kahn even produced a press release explaining the plan (this was before he apparently watched ‘Maid in Manhattan’ 57 times in a row then allegedly tried to “romance” a cleaning lady, which of course landed him in court): READ MORE

IEA Oil Dump A Disaster In The Making

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Alt-Market.com

Brandon Smith

 

It’s amazing. In the wake of the 2008 derivatives and housing bubble collapse, created by the U.S. Treasury and the private Federal Reserve with engineered low interest rates and easy money designed to artificially pump up the economy after the effects of the dot-com bust, the faltering markets of 2000-2001, and the rapidly depreciating dollar, we have now seen these same entities pour Trillions, yes, TRILLIONS in fiat injections into every conceivable corner of the markets. They have spent incredible sums on toxic equities (worthless equities, and don’t let anyone tell you different) to “ease” the debt spiral, they have propped up almost every large international bank, they have propped up the Federal Government and the Dollar itself with sizable purchases of our own Treasury debt, and, they have even thrown money into the pockets of foreign institutions and corporate beggars. Keep in mind, that all the debt that these actions generate is eventually placed squarely in the lap of one group of people; the American Taxpayer!

They have manipulated unemployment figures. They have consistently released completely fraudulent CPI (inflation) figures based on calculations which neglect numerous factors that used to be counted only two decades ago. They have used coordinated naked short selling in precious metals markets to hold back the natural spikes in gold and silver values. They have blamed every negative development in the economy (that they could not hide) on extraneous circumstances and outside culprits rather than themselves. They have done all this, to conjure the illusion of recovery for an increasingly agitated general public.

So much tap dancing and snake oil selling, and all it took, was the pain of $4 a gallon gas to wipe everything away…Read more

The Dollar is disappearing

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 by: Lynn Swearingen                          Tell a Friend  

JACKASS ALERT # 10

Round and Round the Construction Firm

It is with great sadness that we must now report that there are apparently no qualified America Owned large Construction Engineering Companies in the United States capable of installing a ventilation system in the New York Subway Manhattan area. Due to the unreported demise of these firms, China State Construction Engineering Corp, the largest contractor in China, has been awarded the $100 million dollar contract through it’s subsidiary China Construction America Co .

The company is reported to have signed over 1 Billion dollars in construction projects in the United States this year alone – including the $410 million dollar Hamilton Bridge renovation project which began in July 2009

So let me attempt to understand this.

  • American taxpayers have had the “privilege” through TARP and Stimulus Packages to bailout the Federal Government
  • Who then borrowed on our backs trillions of dollars from China to  then
  • Award contracts to Chinese contracting firms
  • Denying American Engineering firms the opportunity to profit from the American taxpayer sacrifice.

This reminds me of a Chinese Proverb “The crafty rabbit has three different entrances to its lair.”

Unfortunately with the majority of our Industries outsourced, the inability of Republocrats to stand up for American Citizens, and the lack of any true leader in our Nation; it maybe time to learn Mandarin.

I hear Rosetta Stone has a sale going. Up to $125 off and free shipping

At least they are still American owned.

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