Davidowitz Says: “Obama is Toast” And U.S. to Face Dollar Crisis by 2012!

• A global monetary crisis is brewing. It will be triggered by the collapse of the USD. I do not think that the other major currencies will survive ie: Euro, UK Pound, Yen … This is all an engineered crisis to bring about a One World Currency, Global Supra-National Central Bank and World Government.
    
  “Obama is Toast”, Davidowitz Says: U.S. to Face Dollar Crisis by 2012
   …. Howard Davidowitz, a corporate restructuring professional, is encouraged by Ireland’s “positive action.” The key in any restructuring, he says, is to “make hard decisions,” which it looks like Ireland is prepared to do.
   
  Unfortunately for Europe, the crisis doesn’t end with Ireland. Interest rates in Spain, Portugal and Greece (already the recipient of bailout) are rising. Davidowitz says the situation in Spain is increasingly troublesome thanks to a 20% unemployment rate and housing crash. Don’t be surprised to see the “PIIGS” announce more austerity measures in the future.
   
  The situation in Europe, and specifically Ireland, is very similar to what’s happened in the United States, Davidowitz notes. The only major difference is the U.S. can still borrow very cheaply. But, unlike Europe we’ve “done nothing! Nothing!” to get spending under control. He fears “the U.S. dollar is at risk” and could face a crisis “in the next two years,” if we don’t start our own austerity plan.
   
  Step one, he says: End quantitative easing and allow the Bush-Era tax cuts to expire. “I don’t think we should cut taxes for anybody,” says Davidowitz, noting we could have paid for the $3.8 trillion deficit-cutting plan the President’s commission is recommending by not passing the Bush tax cuts in the first place.

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