The oft-repeated creation of $1 trillion in new money out of thin air by the Federal Reserve has made the U.S. dollar the laughing stock of the world. The leaders of the G20 nations have already decided to ditch the dollar and shift to other world reserve currencies, and China is now blatantly and publicly asking the U.S. put up some kind of collateral to back up future debt purchases, to which the U.S. says "Don't worry about the debt. We're good for it!"
And when $165 million in bonus money got paid to AIG employees, the tyrants in Washington demonstrated the true reach of their confiscatory punishment by enacting, within mere days, a 90% income tax rate on those bonuses. Sure, I agree those AIG executives deserve no bonus money, but the fact that the legislative branch of the U.S. government can reach out and hammer a targeted group of U.S. citizens with a retroactive 90% income tax rate should send shivers through any American that earns any income at all.
It has all taken on the caricature of a political circus. The perception around the world now is that America is not merely a land of the incompetent and the bankrupt; it's also a land of fiscal buffoons and political puppets who have no real ability to save the crashing economy.
The Fed's Criminal plan to increase the money supply 15-foldBut the real story starts to unfold when you realize the Federal Reserve is now hell bent on multiplying the U.S. money supply by a whopping fifteen times in 2009! This excellent article explains how this number is derived: http://www.marketskeptics.com/2009/...
Now think about this: If the Federal Reserve increases the U.S. money supply by a factor of fifteen, that means your dollars will be worth only 1/15th the value they represent right now. So a loaf of bread that costs a dollar right now could cost $15 when all this extra money ripples through the system. (Which will obviously take a couple of years, but 2009 will be the beginning of it.)
This is called "hyperinflation." We're talking about a loss of over 93% of the purchasing power of the dollar. That, my friends, is called a collapse of the currency.
And once it starts, the floodgates will be opened and the tsunami of investors and nations offloading dollars will be catastrophic and irreversible. By the time it's all done, the dollar might end up losing 99.9% of its value, and you can use greenbacks to light a fire or wipe your back side, as they will be useless for anything else.
America's currency is diligently being destroyed from within. It is being done with fore-thought and much planning. None of this is by accident, none of this is happening by mistake.
The America as the citizens of the United States of America KNOW IT.....is dead!
This repeated creation of trillions of dollars in new money by the Federal Reserve is the last great looting of the U.S. economy by the wealthy elite. The Titanic is sinking, and high officials have monopolized the life rafts, leaving everyone else to drown with the ship. And while they're rowing away from the doomed vessel that's taking on water, they shout back to the low-income workers clinging to the rails, "Don't worry! The ship isn't really sinking. It's just 'correcting!'"
The truth is that America IS DEAD!
and it's not just the currency I'm talking about here: America's criminal health care system has sickened the population and outlawed any real healing practices, too. Meanwhile, the FDA and FTC have attempted to destroy all knowledge of natural remedies that can prevent and cure disease, further compromising the future of the American People.
On the dollars-and-cents side, America's economy is a fictitious mish-mash of corporations selling poisons to the people, and people buying junk they don't need, and everybody paying through the nose for disease care services that ultimately provide no net benefit to the population.
America's infrastructure is crumbling, its industries are already gutted, and its exports resemble third-world agricultural nations more than first-world developed nations. Its political leadership is, with very few exceptions, a band of diseased, ignorant influence peddlers who sell out their constituents at every opportunity.
Perhaps more importantly, has been the surreptitious assassination of the principle of law. Laws no longer matter in America because they are selectively enforced only against those who threaten powerful institutions or corporations. America is no longer a nation of freedom and justice for all. Rather, it is a nation of greed and profit for the few, followed by oppression and bankruptcy for everybody else.