America Is About To Slide Into Third World Status?

Started by CrackSmokeRepublican, January 10, 2011, 12:38:55 AM

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CrackSmokeRepublican

January 10, 2011, 12:38:55 AM

America Is About To Slide Into Third World Status?

Video by RT

Economist Michael Hudson joins Thom to talk about countries looking for alternatives to US dollar and rescued banks teetering towards collapse.

Posted January 04, 2011

[youtube:tyqsb49l]http://www.youtube.com/watch?v=gub6PigiOBY[/youtube]tyqsb49l]
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan

Panoptimist

#1
January 10, 2011, 12:54:49 PM
The dollar is about to totally lose world reserve currency status. When this happens, bye bye U.S. economy!

Remember the news report from a couple of months ago when China and Russia met in private to discuss trading in an entirely different currency than the dollar? Remember how that wasn't publicized? Remember how the fed has to "deny deny deny" or they will lose everything BEFORE their orchestrated collapse.....

...the world currency has been proposed (NOT the "Amaro"  - something even more diabolical sounding)..I bet we will see it by 2012.
The Orthodox Nationalist [11/18/10] - Berdayev and Dostoevsky; Modernism and Materialism; The critique of the bourgeois [Must Listen]
"[W]ithin himself / The danger lies, yet lies within his power]PL[/i] Book IX, ln. 349-356.

Panoptimist

#2
January 10, 2011, 12:56:27 PM
The Orthodox Nationalist [11/18/10] - Berdayev and Dostoevsky; Modernism and Materialism; The critique of the bourgeois [Must Listen]
"[W]ithin himself / The danger lies, yet lies within his power]PL[/i] Book IX, ln. 349-356.

Roy Hobs

#3
January 10, 2011, 02:46:34 PM
What seems to be more 'telling' here is the fact that Thom Hartmann is working with RT news.  Should say enough about the legitimacy/credibility of RT news.  Trojan horse.  A little leaven leaven's the whole loaf.  Hartmann has proven to be a Jew tool.  Used to live just around the corner from the dude.  Wish I still did.  I'd cut his floating house lose down the Willamette.

abduLMaria

#4
January 12, 2011, 10:34:30 AM
Quote from: "Panoptimist"The dollar is about to totally lose world reserve currency status. When this happens, bye bye U.S. economy!

true.  the US $ has value only because people act as if it had value.

which country is it that is now trying to pay for their oil in gold ?

when that happens, good bye petrodollars.


as far as third world status - i think that's partially a state of mind.

once i went with another guy friend to a flea market in East Tijuana.  out past the bull ring, past the Bob's Big Boy across from the bull ring where all the drug dealers go, way way out, looking for a gem & mineral shop to do some contract stone carving work.

when we got to the flea market, we were in the midst of some very poor people.  but i didn't feel threatened.

in the US ... a similarly poor neighborhood ... well, last time i was near the 19th st. BART station in Oakland, some black guy suggested he would kill me because i asked 2 young ladies for DIRECTIONS.

"third world" is a state of mind - it's defined not only by income, but by how people with a low income live.

of course, Tijuana has become a bit more violent since then ...
Planet of the SWEJ - It's a Horror Movie.

http://www.PalestineRemembered.com/!
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