Mostly agree with you 'drivinmeniutz' (just got your avatar writing it out :) )

And very true US federal reserve 'deal' our destinies away with other World Banks, and that is precisely where the changing order is taking place.

Other National World banks are rapidly changing their antiquated WWII 'stance' about the economic and financial order of the world.
The carrying cost of their explosing 'debt' alone (higher interest rates they must offer in order to attract investors) are already considerably heftier than the US.

In WWII those European contries understood the lopsided logic. They had to rebuild their country, while the US played the role China is playing today, outperforming economy and major lender.

But that was then. It makes no sense to them today.

Now, while the European nations weight doen't amount to much in convincing the US to address the situation, those same European nations will not do much to stop Russian, Eurasian, and Indo-Chinese initiatives to bring change and turn the tables in a way that would increase other Nations' say in the matters that concern and affect the COLLECTIVE state of all Nations.

I believe the Hillary Clinton quote:

'The US cannot handle all the problems of the world alone, but the world cannot solve their problems without the US!'

... is a powerful hint of the 'reality check' spirit the Obama administration is applying to the situation, both to the US itself: can't keep walking around the world as though we owned it, and the rest of the world: don't confuse US willingness to collaborate with a sign of weakness.

Let's trust that the correlate cooperative action, not just from the US administration, but from the people of the US (getting WITH the program through their voice in representative voice in congress), and the people of the nations of the world will follow!

i sincerely hope you're right voileazur
it's what we need to get us started in the right direction.

Well 'becca', from my take, that makes at least 3 or 4 or more of us on this tread alone,
... hoping we're right about this that is!

Who knows! Maybe the 'open hand' collaborative and cooperative spirit, with a pragmatic and lucid handle, will spread!!!

We in Europe made our mistake long ago and I would like to think that we learnt from it.

I am going to try to keep it short.

- Biggest part of our ability to afford the higher level of living here in US, is due to the fact that USD is a reserve currency.

-Why? What does it mean?

Roosevelt needed to insure his wall street and banking buddies get paid for his election. He executed the whole thing, except for the preparations, that were done few years earlier (Federal Reserve Act).

The plan was to create a reason to enter the war, dominate it, "suggest USD as a solution", accept the solution, exploit it.

There are two things here: a world reserve status (this means that for others to keep quiet about the con, and to assist us, US is obligated to send some of the loot in form of either humanitarian help, or loans, or assistance, or investments. The names change all the time, the point stays: for every sovereign king out there to want to assist us in the con, he must be well paid.

Second thing is that many states have no choice but assisting us. This is done by sending our sons to "the gulf" for instance, brainwashed as if they were to serve the peace. Their purpose? To force certain countries to be trading their primary resource for USD only. Saddam was a good example. We couldn't care less what he had done to whom. But he stopped to sell oil for USD twice. First time, we warned him, second time, - we tore his head off.




Now, if this make no sense to you, this is how it should feel. It will make no sense to anybody who has been brainwashed, or you could say educated by the government.

If you care to know, turn off your TV and never turn it back again for starters. The way the programming is created, it will make it very hard for you to keep the concentration.

Then do something to calm yourself.

Then start learning about what is paper money and keep looking for the real "benefits" of using this system. 99% of sources about paper money will not disclose to you "every way" it works.

Once you are able to keep the track, and keep the understanding that paper money is ultimately a "purse with a hole", once you understand that the hole is controlled, you will be able to follow things like reserve currency.

"living in the ghetto driving a Mercedes"

Is it just as bad to live in the suburbs drive several SUV's, live in a house you cannot afford as you rack up credit card debt and file bankruptcy?

Dollar falls as the reserve currency... end of American governments credit card with China, Japan and Saudi.

Which is the end of America's Government out of control spending, but it would also signal the final death blow of the dollar as a solvent currency.

Bring on the NAU and the Amero.

But these stories always leak, hun.. This sounds like conspiracy theories at their most extreme. Paying off world leaders to keep the National Reserve going? Every country in the world has their own "debt clock" going, based on how far they can take themselves in it until they have to actually start replenishing. It's not just the US. They don't need us, they have their own.

And.. we're buying Saudi oil for the same price as everyone else, and everyone else is buying it, too. It has brought us no advantage--so the war in Iraq as an excuse for oil is pretty much a dead horse. They were brainwashed?

Correct me if I've misunderstood something here.

Every sovereign can tax ONLY their own people. We tax every single person that has a dollar in his pocket. This is a huge difference.

So, now let us turn this to oil.
Every sovereign can only buy as much oil as his subjects can afford without revolt. We too, can buy only as much oil, as much everyone in the world can afford without revolt.

Every other country (not us), actually pays for the oil, because the paper they print to buy it, is inflationary for their own economy.

When we do that, we export inflation to others, since ours is the reserve currency. It can hold this status as long as there is an agreement to keep sovereign reserves in USD. Those who aren't friendly (i.e. not willing to hold reserves), are forced to sell for USD, so that others are even more inclined to import the inflation from us, in order to procure funds to buy oil.

I don't know what Iraq has to do with oil.(except that saddam wanted none of our inflation, he wanted gold instead).

I see what you're saying. However, isn't this what global economics is all about? I mean, the strongest should be worth more, right? Let's say that I have diamonds, you have gold, but Paul has quartz. Is it fair that Paul's quartz should be the same worth as our diamonds and gold? There is value in what resources a country can provide, and it should be labeled as such, but not drug thru the mud like a big scam. Perhaps I'm looking at it wrong, and I'm very interested to hear what you have to say. So please don't take it the wrong way) Oh, and btw.. what's up with Luxembourg? How did they beat out the inflated USD? (Top ten richest countries)

Also, spending as much money on the war as we did just to keep someone from shutting off the oil doesn't seem logical, especially when that time and money could have been spent here through increased production (or alternative resources), or on oil from other countries. I can't imagine that being the reason for any sane decisions, although it could have been a bonus in the total scheme of things.

I think there was a lot to gain for ourselves and for the Iraqis...and Israel (perhaps in the long run, to prevent him from becoming a mini-Hitler) by taking Saddam out, not only oil. However, like you pointed out...oil accessibility was almost assuredly a part of the reason we went there to take an insane dictator out instead of to places like Africa (that and the fact that Africa's turmoil isn't as centralized and our efforts wouldn't have solved the problems like our efforts in Iraq did).

But oil is more of a survival topic in itself these days, not just a greedy thing. We saw what it was like to have limited control over it last year. I know a lot of Americans have abused its use--not me tho..I drive 10 mins. to where I need to go at any given moment of the day, drive a van, not an SUV, etc... But I still had to quit my job and go back to school because of those prices. Gosh, and that was even after Saddam was gone.

I am glad the people of Iraq can choose to have an education and are free-er than they once were, that millions more don't have to die because they disagree with Saddam, and that Israel is somewhat safer from the repeated threats made by Saddam. To me, that was worth it, and I'm glad we weren't selfish and self-preserving when it came to going there. But I see your point about adding in the accessibility of oil. :)

Haha.. right now, I have 656 posts, and you have 565.. sorry, was funny. I'm easily amused.

The Russian themselves have a long way to go. I wouldnt be too worried about their Agendas right now.

Lol.. sounds pretty equal to me)

Equally the same "living far beyond the means" is the message

how does a one world currency make you fell

VERY SCARED

That is what this was all about, the strongest, this meant the currency of the government less prone to default on their debts. After the end of the gold standard, there is no such thing as hard or "convertible" currency anymore. Now, it is all about who inflates less than others. What you say is true, it makes sense to use the strongest currency, but not by decree (as it is now), but by direct competition.

I am not sure what about Luxembourg do you want to know...



Not shutting off the oil. To keep them from selling the oil on a free market. This is the horror part of it. I am sure most Americans have no idea, and would have never approve such thing.



He was nobody. He would be over run if not our help. Far away from ever becoming a mini-Hitler.



It is tough. But remember, we drove oil producers off our land. Not Saddam, not Ahmedinejad, we did. To be in accord with our principles, we should compete for oil freely, like everyone else in the world does.



Glad you feel that way. I, on the other hand, would not want anyone to come to our land and start fixing things for us.



No kidding.. I haven't even realized how much blabber I have already created. See who can get to 1000 first.

Here is the new dollar bill, proposed by Barack Obama. Many of these should help us getting out of this financial mess:

Considering Bush begged for 750 Billion!!!!!!!! Yep its all Obamas fault we are in this mess. He!! lets blame Clinton!!!!!!! Funny thing is the republican congress of the last 12 of 16 years....They couldnt have anything thing to do with this as The PREZ has all the power.

a capitalist nation is why we are were we are.
greedy people crappin on everybody to make a dollar.why should the goverment bail anybody out

The devaluation of a dollar isn't the only result of an inflation.

Two other significant results are:

1) Transfer of wealth from savers to borrowers.

2) Transfer of wealth from workers and farmers to those closer to Washington and banking. (It's like a food chain; the closer you are to production the less wealth you will have after inflation, the closer you are to control and distribution, the more wealth this inflation will add to your bottom line.)

I think, Obama's plan is no different than those of others before him. Use 1 and 2, and leave the accumulated problems to others.

The democratic congress of the 90's and 70's has hurt us just as much. Funny thing is they always vote yea on the stupid bills the republicans come up with. I will say, at least the house republicans are showing SOME promise as they have voted down this last bill....