- Americans must prepare for the coming collapse of the USD! All the signs are there. The rest of the world will be affected negatively too. The Iluminist plan is a One World Currency managed by their Global Supra-National Central Bank. How do you get so many different countries and people to abandon their national fiat currencies and accept the new monetary hegemony? By destroying all fiat currencies! The USD, Euro, Yen, UKP … will all collapse. I do not expect minor currencies to survive. Hyper-inflation will kick in resulting in rapid devaluations of all fiat currencies against hard assets. Got gold yet?
Zell: Dollar’s Global Fall Will Be ‘Disastrous’ for US Living Standard
MoneyNews.com: Billionaire real-estate magnate Sam Zell warns that Americans should brace for a “disastrous” 25 percent decline in the standard of living if the U.S. dollar’s reign as the global reserve currency ever ends.
He says that there are signs in the market that it could eventually happen. As it is now, a Korean manufacturer who wants to sell to Brazil must first buy dollars to complete the deal. If countries decide to bypass the dollar, the effect would be a disaster, Zell says.
“Frankly, I think we’re at a tipping point. What’s my biggest single financial concern is the loss of the dollar as the reserve currency,” he told CNBC in an interview. “I can’t imagine anything being more disastrous to our country than if the dollar lost its reserve-currency status.”
Although he is “hoping against hope” the dollar remains the standard for international exchange, he warns that “you’re already seeing things in the markets that are suggesting that confidence in the dollar is waning.”
If that happens, the impact on the United States would be deep. “I think you could see a 25 percent reduction in the standard of living in this country if the U.S. dollar was no longer the world’s reserve currency,” Zell said “That’s how valuable it is.”
Zell says that the bond market seems remarkably complacent about the risk. But that could turn on a dime, he warns. “The worry in the bond market is never there until it’s there. The dollar has gone down 20 percent in the last three or four years,” Zell says. “I don’t know who is buying 30-year fixed-rate debt. I don’t understand TIPs (Treasury inflation-protected bonds) that are projecting 30 years of benign inflation.” Benchmark 10-year Treasury note yields are around 3.48 percent. TIPs maturing in 2041 have a yield of 1.96 percent.
Once the world turns on the U.S. dollar, if it does, things will change fast, Zell warns. “How could interest rates not go up? Either they go up or the dollar goes down, one or the other,” Zell says.
As for inflation, he estimates that actual inflation is between 5 percent and 7 percent right now, despite government figures showing the CPI flirting with low single digits. Fear of deflation — prices falling out of control — has been the primary motivator at the Federal Reserve to pump up money supply by more than $2 trillion in recent months.
Nevertheless, oil is rising fast and food riots are breaking out in developing countries. The United States has been less affected until recently. Zell points out that our Consumer Price Index tends to hide inflation by counting depressed home prices at 42 percent of the index.
“If you adjusted the CPI to reality you’re probably looking at 5, 6, 7 percent inflation today,” Zell says. “The reality out there is the costs are going up. The fact that we’ve been massive beneficiaries of Chinese mercantilist policies that have allowed us to buy goods at much less than their fair value. That has hurt us on the manufacturing side, but it has been a subsidy to America. That subsidy is coming to an end.”
Others agree with Zell that the dollar’s world dominance will soon fade. Ray Dalio, founder & CIO of Bridgewater Associates, told CNBC that it is “inevitable that the dollar’s role as the world’s currency will diminish from the dominant world currency to one of a few.”
“It will fade probably fairly quickly so the United States which accounts for almost two-thirds of the reserves will probably go down to 50 percent of the world’s reserves and it will have an effect on lending,” he added.
Meanwhile, Bill Gross, found of bond giant Pimco, recently told investors that the Fed’s heavy thumb on the scales on behalf of low interests was perhaps necessary given the magnitude of the crisis. The second round of easing known as “QE2,” perhaps, also had a role to play.
However, as the deadline for the second round to end looms — it is set to expire in June — there are serious questions about whether a smooth transition to private demand for U.S. debt will appear, Gross said.
Stocks have doubled from the March 2009 bottom and marked steadily upward since the second round was announced in August, which has given some stock investors pause.
“Investors should view June 30, 2011 not as political historians view Nov. 11, 1918 (Armistice Day — a day of reconciliation and healing) but more like June 6, 1944 (D-Day — a day fraught with hope for victory, but fueled with immediate uncertainty and fear as to what would happen in the short term),” Gross said in recent commentary online.
“Bond yields and stock prices are resting on an artificial foundation of QE2 credit that may or may not lead to a successful private-market handoff and stability in currency and financial markets.”
- Gaddafi is an unstable madman. But the only way he could have been in power is because the Anglo-American Illuminist government allows him to be. Now the snakes are intent on re-making the entire middle east. These snakes do not want peace and prosperity for the Muslim world. They are simply taking over to initiate their Satanic World War 3 and Greater Middle East War Plan: Zionist Israel vs Muslim World.
Albert Pike, Satanic World War 3 Plan
“The Third World War must be fomented by taking advantage of the differences caused by the “agentur” of the “Illuminati” between the political Zionists and the leaders of Islamic World. The war must be conducted in such a way that Islam (the Moslem Arabic World) and political Zionism (the State of Israel) mutually destroy each other.
- Keep an eye on the Muslim Brotherhood. They are a MI5/6 front and should rightly be called Masonic Brotherhood. At the top echelons are FreeMasons ie. Luciferians. They masquerade as Muslims to deceive the Muslim sheeple and lead them to their deaths in this coming war!
Libya: British Army ready for mission at 24 hours’ notice
Telegraph UK: British troops have been put on stand-by for deployment to Libya if the crisis in the country worsens. Sources confirmed that The Black Watch, 3rd Battalion the Royal Regiment of Scotland, had been placed on heightened readiness, prepared to deploy to North Africa at 24 hours’ notice.
The 600-strong infantry unit returned from Afghanistan in late 2009 and is based at Fort George near Inverness. “They’re ready, just in case,” said a source. The Ministry of Defence insisted that the battalion was prepared for humanitarian relief operations, not combat.
But the disclosure that British troops are on stand-by came amid growing concerns that Col Gaddafi’s struggle to retain power could take Libya into a protracted civil war and cause a humanitarian crisis. Nato members yesterday agreed to draw up contingency plans for how their armed forces could intervene. Britain is also preparing to send diplomats and specialist advisers to the eastern city of Benghazi, where the disparate Libyan opposition is based.
Fighting between anti-Gaddafi groups and the dictator’s forces intensified yesterday. Up to 17 people were killed by an explosion in Benghazi last night, which rebels claimed was an air strike by Gaddafi forces. Loyalist troops staged an all-out assault on Zawiya, 30 miles from the capital, Tripoli, saying they hoped to capture the town centre overnight. Snipers and militias, that rebels said included mercenaries, moved on the town square in mid-morning. Both sides said the leader of the rebel group which had occupied the centre for more than a week was killed.
- David Halpin gives a presentation on ‘The Zionist agenda, Dr. David Kelly, The propaganda of the BBC’. He talks about the roots of Zionism, the injustices forced upon the peoples of Palestine, the assassination of Dr. David Kelly and the propaganda arm of the government, the BBC. Filmed by BBC5.tv at the Totnes Truth Festival, 2nd of May 2010.
- Israel provides henchmen for Gaddafi
Israeli arms distribution company Global CST has reportedly, under the authorization of Tel Aviv, provided Libyan ruler Muammar Gaddafi with African mercenaries to clamp down on anti-government protesters.
Egyptian sources have revealed that the Israeli company has so far provided Gaddafi’s regime with 50,000 African mercenaries to attack the civilian anti-government protesters in Libya. The arms company was previously convicted in an African country over illegal deals, News-Israel website reported.
Sources say Global CST had obtained the permission for providing the mercenaries to Gaddafi from the Israeli officials in advance. Earlier, Global CST general manager had met with the head of the Israeli Intelligence Agencies (Aman) and Defense Minister Ehud Barak and obtained the permission for the measure.
The company representatives also met with Abdullah Sanusi, the head of Libyan Internal Intelligence, in Chad to discuss the details for a final agreement, the report says. The mercenaries who attack the civilians in Tripoli have mostly come from Chad.
Gaddafi regime pays $2000 per day for each mercenary. The mercenaries receive $100 per day and the remaining goes to Global CST, the report says. Meanwhile, the United States has demanded the UN Security Council (UNSC) to remove the provisions of charging mercenaries with war crimes in the killing of Libyan civilians.
The request is for the UNSC to word the resolution in a way that no one from an outside country that is not a member of the International Criminal Court could be prosecuted by the Court for their actions in Libya. The Libyan revolution, inspired by the recent revolutions in Egypt and Tunisia, sparked nearly two weeks ago. Brutal crackdown by the Libyan regime on anti-government protesters has left thousands of people dead so far.