by Bruce Porteous bruceport [at] xtra [dot] co [dot] nz Fri Nov 26, 2004
A currency dealer displays US dollar notes at a currency exchange office. The dollar plummeted to new lows against the euro on expectations Russia could par down its dollar reserves in favor of euros and amid ongoing concerns over the US budget and current account deficits, analysts said. [AFP] http://www.chinadaily.com.cn/english/doc/2004-11/26/content_395102.htm
Over the last few days there has been a number of articles in the media about the steady decline of the $US against the Euro. While many economists have forecasted the possibility of the dollar declining against the Euro for sometime, most do not comprehend the significance of this. Some believe that the decline of the dollar against the currencies of American¹s trading partners will help correct the USA¹s trade deficit, and the dollar will stop falling when the trade imbalance is corrected. However, the evidence is that the opposite is happening the $US has declined 40% against the Euro over the last 2 years, and during this time America¹s trade deficit has continues to deteriorate.
There is now nothing the USA can do to prevent the collapse of its currency, and its economy. It has no reserves to support its value, and has the most indebted country in the world, is dependant of the credit from America¹s former enemies. Over the last couple of days, both Russia and China have said they will be switching their considerable dollar reserves into Euro. This will only hasten the lack of confidence in the dollar, creating a global lack of confidence in the currency, and setting into free-fall. It will soon bring about the total collapse of the dollar, and the American economy. http://jahtruth.net/greeneco.htm
The collapse of the dollar will throw the world into a global depression. Those nations with large external debts will not be able to trade sufficiently to earn the income to service their debts, and will slide into bankruptcy. The economies of New Zealand, Australia, Canada and the UK will also totally collapse, as a result of their indebtedness and not being able to service their borrowings. It will result in the Anglo-Saxon nations facing abject poverty, our people facing starvation, and a total break-down in society. Crime will become rampant. Law and order will cease to exist. Disease will become widespread. http://jahtruth.net/blescur.htm
The Asian economies, which have depended upon American trade, will also be severely affected. However, they will recover after a period, but only after considerable political and economic turmoil.
The EU will be in a much better position to survive the coming economic chaos. An influx of capital into the Euro zone by those selling dollars will provide the funding for rebuilding the economies of the new United States of Europe. However, the collapse of the $US will still severely affect the already depressed German and French economies. The resulting economic turmoil will create the need for the acceptance of a strong EU leader, who will be able to make the necessary political and economic reforms to enable Europe revive their economies. Those nations that accept the new EU Constitution will come under the control of this new leader, creating Europe as the world¹s new Super Power.
The Euro will become the world¹s only reserve currency, creating the means for the new United States of Europe to become the dominant economic power in the world. The new Europe will be able to dictate the terms on how the global economy should be run. They will take over the administration of America and Britain, placing the Anglo-Saxon people in bondage for repayment of their debts. http://jahtruth.net/syst.htm
Americans do not appear to comprehend the bitterness that has grown around the world as a result of their illegal invasion of Iraq. While once Europeans looked up to, and admired America; today it is held in utter contempt for its arrogance and warmongering. Anti-European comments in the American media have only added to this hostility towards the US. America¹s attempt to impose its version of government on the world, its hypocrisy in claiming to be the moral leader of the world, while flooding the media with degenerate filth and garbage, has brought upon it disgust and contempt that few Americans can comprehend.
We are about to enter a time of tribulation for the Anglo-Saxon people. Some will ask why God has allowed this to happen to us. The answer is that as we have rejected God and His Laws, so He is allowing us to be punished for our sins. http://jahtruth.net/horse.htm
Bruce Porteous bruceport [at] xtra [dot] co [dot] nz
24 November, 2004
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WHAT'S MONEY?
http://www.apfn.org/apfn/money.htm
You can lead a horse to water, but you can't make 'em drink!
"Each time a person stands up for an ideal, or acts to improve the lot of others. . .they send forth a ripple of hope, and crossing each other from a million different centers of energy and daring, those ripples build a current that can sweep down the mightiest walls of oppression and resistance." <http://www.apfn.org
- Robert F. Kennedy <http://www.apfn.org <http://sm5.sitemeter.com/stats.asp? site=sm5schoolboy
More evidence from Bruce Porteous as to why enforcing The Plan against the N. W. O. Zionist traitorous mass-murder inside-job perpetrators of 911 and the phoney War on Terror, and returning to God¹s Law is the ONLY solution:- http://jahtruth.net/plan.htm
Time is running out:- http://jahtruth.net/signs.htm
Collapse of the US Dollar and why it was meant to happen.
The Euro is not backed by anything and might face the same meltdown after the US Dollar collapses.
Have posted a history on the banking system and why it was meant to collapse, take a look: http://www.mycee.net/blog/2009/01/08/collapse-of-the-us-economy-dollar-s...
And spread the word, the more people that are informed about the coming times, the more people will be saved.
US Dollar Collapse
The problem with the posts about the collapse of the dollar is that so far at least, the dollar has not collapsed. Instead, it has substantially increased its value in terms of most other currencies.
For example, against the Euro it has risen from $1.55 to $1.30 in the last 6 months - a hike of 19%. Against the Pound, it's gone from $2.00 to $1.40 - a huge gain, of 43%.
Theories about collapse are well and good, but in the rational world theories have to be based on facts.
A further problem with this "collapse" theory: collapse compared to what? Gold? Vegetables? There has to be something with which to compare or measure its value. Against gold, last July it was at about $875/oz, and today it's at about $875/oz.
Ultimately, the dollar price of gold will rise to infinity, when the population regains its senses and abolishes government - and who knows, it may rise in the interim, as it has done for the last century.
But to argue that the current economic fiasco heralds a dollar collapse by any measure is irrational. It may, of course; but so far there is not a shred of evidence for it.