Tuesday, March 1, 2011

New World Economic Order

Another pertinent article comes in from "The American Dream" site:

Will The Death Of The Dollar Lead To The Birth Of A New World Order?

There is no getting around it. The U.S. dollar is dying. U.S. government debt continues to grow at a very frightening pace and the Federal Reserve is now buying up most of the new debt that is being issued. At this point there is simply not enough money in the rest of the world to continue to feed the U.S. government's endless thirst for more debt so the Federal Reserve has had to directly intervene in order to keep the Ponzi scheme going.

That sounds pretty ominous, but this is just one of many such commentaries on the state of our economic affairs.

Other nations are rapidly losing faith in the U.S. dollar as they realize that there is simply no way that the U.S. government will be able to service this soaring debt for much longer. Even now we are watching the U.S. dollar rapidly fall against a vast array of hard assets.

Meanwhile, the Federal Reserve continues to print dollars as if there is no tomorrow and the U.S. government continues to spend dollars as if the party is never going to end. Yes, we are most definitely witnessing the death of the dollar.

As a result of the decline of the dollar, U.S. consumers are really starting to see some substantial inflation at the supermarket and at the gas pump. In fact, the average price of gasoline in the United States increased 17 cents to $3.33 a gallon in just the past week, and more increases are expected in the weeks ahead.

Unfortunately, most Americans still don't understand that the monstrous debt that the U.S. government has accumulated has us on a road that is going to lead to economic ruin.

As much as has been written about this scenario, its amazing that more folks aren't talking about it - its almost as if this isn't happening at all. Maybe it is a form of denial. Perhaps a feeling of helplessness. Either way, this isn't getting much discussion and given the enormity of the situation it would seem that more people would have significant concerns.

Entitlement programs such as Social Security and Medicare account for 58% of all U.S. government spending. Those are "sacred cows" politically and very few politicians will even talk about making cuts to those programs.

Defense spending accounts for another 20% of all U.S. government spending. This is another area that is very tough to cut politicially.

So that leaves only about 22% of the budget to cut. Sadly, that entire 22% could be eliminated from the federal budget and we would still be running an absolutely massive budget deficit.

Yes, we are in a huge amount of trouble.

But when it comes to cutting the budget nothing ever seems to happen.

Right now, Republicans and Democrats are fighting tooth and nail over $61 billion in budget cuts.

But even if the Republicans get all of those cuts it would be just a drop in the bucket.

After all, what does it really matter if the U.S. budget deficit is 1.59 trillion dollars instead of 1.65 trillion dollars this year?

And it isn't just the Federal Government, many states are also in trouble, as we all know:

Meanwhile, our states are going broke as well. In fact, 30 U.S. states have borrowed a total of $41.5 billion from the federal government just so that they could continue paying out unemployment benefits.

California alone has borrowed $9.8 billion in unemployment benefit money from the federal government, and nobody is really quite sure when they will be able to quit borrowing more unemployment money from the U.S. government.

Things have gotten completely and totally out of control.

Can it get worse?

Even with all of the crazy government spending that has been going on the U.S. economy is still on the verge of total collapse.

Unemployment continues to be absolutely rampant. In the United States today, approximately 14 million Americans are officially unemployed and 8.4 million more are working part-time for "economic reasons".

But the "official numbers" vastly understate the reality of the situation.

According to John Williams of Shadow Government Statistics, the real unemployment rate in the United States is now above 22%.

Meanwhile, the U.S. dollar continues to decline in value as government debt continues to mount.

And lets not forget the video in which George Soros stated that the collapse of the U.S. dollar was a planned event:

The truth is that globalist institutions such as the IMF and the World Bank have been very busy discussing what the world is going to use as a global reserve currency after the death of the dollar.

The American economy is in the midst of a long-term decline and the U.S. dollar is slowly but surely dying. Already quite a few nations have started to move away from using the dollar in international commerce. The advantages that the U.S. has enjoyed from having the reserve currency of the world are about to disappear.

So what would a "new economic world order" look like?

Most Americans have no idea how close we are to a radical transformation of the global financial system. The dominance of the U.S. dollar is rapidly fading. The financial stability that so many of us have taken for granted for so long is about to crumble.

Every single day your dollars become a little less valuable and at some point they are going to start to become much less valuable with each passing day. You might want to spend them on something real while you still can.

This sounds pretty ominous, but who can argue with this logic?

America is now running on a huge Ponzi Scheme - one that is destined to crash. The rest of the world sees this coming and current plans for a world financial system do not include the dollar. This has been made crystal clear and when it happens it should be no surprise.

It is also interesting from a prophetic perspective, because for years there was so much speculation on what would cause the decline of America from the "World Stage". We may be seeing this decline now.

We also may be watching the evolution of the U.S. move from the world's single super power into a North American Union and/or one of the 10 kings.

Such a move may be the last resort to save what is left of America after this pending financial collapse. A new currency and a newly formed union could end up being a necessity for survival - and as a result, widely accepted by the people of America.

Stranger things have happened. Desperate times call for desperate measures and such drastic measures may be what we are facing soon.

For prophecy to fall out as we expect, based upon a literal view of the scriptures - one can expect that something removes the U.S. from being the world's superpower. There is no way that the antichrist could rise and assume the position of a "world dictator" with the U.S. standing in the way as the world power. Not to mention the fact that the U.S. doesn't even get a passing glance in Revelation 6-18, which fully describes the tribulation period and all of the world powers at that time.

Something takes America out of the way. We may be witnessing this evolution before our very eyes.


Anonymous said...

Just saw on the news that gold is at an all-time high, and silver is at a 31-year high; markets are jittery regarding possible unrest in Saudi Arabia, a major supplier of oil to the U.S. FWIW.

Scott said...

Yes - its a hedge against the dollar and the market IMO...People can see whats coming thats for sure

Anonymous said...

Dear Scott >>>

I hate to disagree but I will.
I have to state what I believe in.

RIGHT NOW, the dollar is hated by
most people. That is VERY BULLISH
for the dollar and VERY negative
for Gold and Silver.

Silver is in a speculative BLOW
OFF move which I have seen
before, like near the end of 1979
into early 1980......

Then from 21 JAN 1980 to 27 MARCH
1980, Silver crashed. Went from
52 the ounce to 10 the ounce...

bang bang bang, just like that.

Anyone reading this, please check
the charts, I am telling the truth.

And it will happen again....

cause no one believes it will....

Stephen in Hawaii !!!!

PS, I would be BEARISH the EURO
for sure, if it is one currency
that will collapse, it is the EURO

Expected Imminently said...


You have brought tears to my eyes, I shouldn't say, I really shouldn't, but I will.

In Olde English, a 'blow off' is a big 'botty burp'. ~Mutley snigger~

Sue :D