http://bellaciao.org/en/article.php3?id_article=9995


Consider these five important points:

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.

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.

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)

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?

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.

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.

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.

[quote=OsManli,Jan 21 2006, 06:37 PM]
http://bellaciao.org/en/article.php3?id_article=9995

[quote]Point #1 The U.S., Great Britain and Israel are preparing to attack Iran.[/quote]

If Israel attacks Iran, chances are the U.S. and Great Britain will not need to do so for at least several years. Israel has a better track record in dealing with Islamic states with nuclear aspirations than either the U.S. or Britain does.

[quote] As it appears the main reason for invading Iraq was to stop it from selling oil in Euros, [/quote]

What good will it do to stop Iran from selling oil to Europe? The UK does not need Iran’s oil because of the North Sea and France has nuclear power. And cutting off the oil supplied by Iran won’t do anything to the oil supplied by Saudi Arabia, Kuwait, Venezuela et cetera.

[quote]likewise Iran has plans to dump the dollar come March 2006.[/quote]

You mean that Iran invests in the currency of the Great Satan?

[quote]Point #2 U.S. Treasury Secretary John Snow issued a warning recently that the U.S. Government is on the verge of collapse –[/quote]

When and where was such a warning issued?

[quote]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.[/quote]

Only if Congress does not raise the debt ceiling- something it routinely does.

[quote]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.[/quote]

From what I remember from high school econ class, it is illegal to store currency in a safe deposit box. Collectible gold and silver coins would be OK (I think), but bullion would be too bulky to store in a safe deposit box even if doing so were legal (something I am not sure of). And if U.S. currency were to suddenly become worthless, I doubt that a market would exist for precious jewelry that could be stored in safe deposit boxes.

[quote]Point #4 FEMA has activated and is currently staffing its vast network of empty internment camps with armed military personnel[/quote]

FEEMA cannot mobilize well for a hurricane and you want us to believe that they are planning such a large scale operation?

[quote]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.[/quote]

The Constitution is clear that habeas corpus can be suspended during times of invasion and rebellion. The Constitution is unclear as to whom it is that has the authority to effect such a suspension. However, President Lincoln did suspend habeas corpus at the start of the rebellion of 1861-65- while Congress was out of session. Congress ratified his actions when it convened later in 1861.


If you are going to propose a doom and gloom scenario, at least get enough of your facts straight to make the scenario interesting.

osmanli, your meds need renewal. What ever happened to 'America invaded Iraq to steal the OIL?'.
The Euro will collapse on it's own merits, without any manipulation by America. Europe is old and tired, with it's native population declining rapidly. The Muslims that were imported to fill the gaps are breeding like flies and will turn Europe into the 3rd world state they prefer and feel at home in. Who in their right mind would invest in Europe? In 20 years Europe will just be another part of the Islamic superstate (Umma). Investing is for the future. Socialist Europe has no future.

sea of garbage,


USA has to borrow 1.8 biilion dollars a day to stay afloat, to finance debt and wars for israel (world zionism). This is primarily recieved from China, since China and USA have the biggest trade imbalance in human history. How long will the rest of the world keep USA afloat? How long will the feds keep printing dollar bills to make you morons continue in your drunken stupor? This is unprecidented.

As far as Europe, I would not worry about them, you have your own large problems.

A closer look at the shell game in which the Congress borrows your 1.8 billion per day reveals the big winners are those who put into circulation new federal reserve notes when Congress borrows by authorizing the sale of interest bearing U.S. Securities.

You bet there is a real problem with the US economy and it begins with The American Banking Monopoly which can make anything a profitable thing, even war in distant lands.

Regards,

JWK

History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance. James Madison

.

Using Euros to buy oil would have no effect on the dollar. The currency used has no effect on the demand of the currency. Demand of the dollar has more to do with what currency most nations use as the reserve at their central bank. Oil transactions can be made in Euros then exchanged for dollars because a barrel of oil is worth a barrel of oil regardless of currency.

Investing in the U.S. economy is still the safest way to get the highest returns on your investment. That is why foreign investors are so eager to lend. Since foreign investors already have billions invested in our economy, why would they try to convert reserves to Euros? If they did that the dollar would lose a lot of value and the debt owed to them in dollars would be worth considerably less. Other countries know this would be a very bad business move. Not to mention the fact that it would destroy many developing nations that have their currency pegged to the dollar. Plus there is no such thing as a closed economy. If the U.S. economy were to collapse, it would bring a lot of countries down with it. Economic leaders of the world know this.



All this means is the U.S. government has to raise the ceiling. America's borrowing power will only be gone when supply is gone. Supply is in no danger of running out as long as foreigners are investing. Refer to my response to point #1 for the rest of the information you need.

As for the other points. I cannot comment since I don't know much about those subjects. But I can guess that they are nothing but more conspiracy theory mumbo-jumbo. I would probably be right.

Great Post, flaja. Where did you go?????

An Opine-Though personally I am in favor of the United States of America being less dependent on not only Foreign sources of deficit capitalization. I am, equally, if not more so, in favor of less dependency on foreign energy sources but see the accomplishment of that which I favor less likely than likely.

Nonetheless, the truth is, in this 21st century of Global economic interdependencies, the world’s economies have both a dependency and a symbiotic relationship that is NOT mutually exclusive in its impact and consequences on and to one another.

Simplistically speaking the world’s economies are interconnected, much like the human vascular system, with various and differing levels of impacting “economic pumps” that provided “the energy” of economic flows throughout the interconnected systems that are essential to sustaining the entire being.

It’s major pump, in terms of the world’s volumes of imported and exported goods and services, is primed, substantially as well as consequentially, in impact, by the very large pump of the United States of America and its capitalist’s consumerism. Which is, as is indisputable, a major economic “life blood pumping source for world economic activity impacting significantly its present and near term(10 years) fortunes.” Something that makes it, the USA, equally in magnification of impact and consequences, as symbiotic and interdependent to the world as is the world’s dependency on Oil.

Simplistically speaking, the world, not so altruistically but more selfishly, in effect, loans America the money it needs so that America can continue buying “Its products and services, so “it/they” can continue providing internally jobs and growth. If they choice not to do that, they have, like, Oil, few to no real viable alternative markets to take up the slack and thusly are severely impacting their own economies for a lack of equivalent markets in the present and substantially so in the near future of say 10 years or more.

It therefore is a like that of the oil producers and their consumers. They can not really afford to destroy their markets without in effect destroying themselves and or retarding their development to pre-nineteenth and or in some cases pre-eighteenth century functionality.

The boat sinking will not separate into floating self contained components. It may, as is likely, leave, in its sinking, a string of ill-prepared ever isolated self surviving oriented life boats, who would, more likely than not, drift further apart and into harms way as opposed to clasping themselves together in a united effort to survive.

We all now need one another more than ever. To wit, anyone threatening the world's interdependent economic symbiotic relationship is a real threat to us all.


Globally, the 20% of the world’s people in the highest-income countries account for 86% of total private consumption expenditures — the poorest 20% a minuscule 1.3%.

Of course it goes without saying the United States, is widely noted to be in the majority of that 86% of ALL private consumption expenditures. Which is, in fact, made up, in large part, as a significant portion of all the exports and energy creating economic engines of many of the world major countries who if they decline along with will impact others they pump and prime in turn.

USATrader, maybe in one more year, I can read your posts and make enough sense of your syntax before my eyes glass over from the sin tax.


Agreed, the debt limit is no problem; Congress always increases it, maybe a hundred times in the last 50 years. "No problem - ten trillion, you say? Oh, let's make it fifty trillion, so we don't have to keep making new laws."

And yes, the fact that China supposedly is holding 500 BILLION in US treasury securities means that China can't afford for US govt. securities to go bust.

Actually the original post in this thread is so absurd I hereby request it be moved to the conspiracy theory forum.

Either that or rename it the "OsManli Files".