Sunday, January 06, 2008

US Dollar Spin

Most people have no idea how the world really works, thus politicians and bureaucrats talk to most people like children, usually get away with it, at least for a while, and do it as they steal these people's stored value without these people detecting the theft. Here are some examples of that talk (spin / ballderdash) on the US dollar and economy:

Tricky Dick back in 1971

Gee, it sounds so...... so........... benign.

[Google "Brenton Woods Agreement"]

"The dollar has been the world's reserve currency since World War II and it's been that for a reason. We are the biggest economy in the world, we are as open as any economy to investment, to trade and we've had stable economic policies. I have no doubt that looking out over any reasonable period of time, you're going to see our strong economic fundamentals in this country shine through." - November 9, 2007, Treasury Secretary Paulson

The major reason it became the world's reserve currency was because it was redeemable in gold for foreigners, till Tricky Dick broke that promise in 1971. And, it was down hill from there. Now, about 3 decades later, it's time to pay the Piper.

[Sure, Dick. Sure, Pauly. Sure.]

Remember these with what will be said when the US government has to impose drastic actions on people in the near future. Things are getting bad fast, at an acelerating rate.


> Posted On: Monday, January 07, 2008, 6:04:00 PM EST
> The Dangerous World We Live In
> Author: Jim Sinclair
> My Dear Friends,
> Operation White Noise failed so we are now moving into Operation Blitz to revive the first
> flop. Today you had the President, the Secretary of the US Treasury and a host of Federal
> Reserve and talking head big wigs making their sugared remarks about the 2008 US dollar’s
> supposed positive future and success in handling the economic problems.

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