China to the United States of America: used police from other EU countries in Castor Transport Eric S. Margolis One day, the king of Babylon get his treasurer and said, "I need more money to wage war against these terrorists Hittite! I checked the treasure chest, but that is almost empty. Only a few gold coins are still there, " he thundered. "Oh light of the Euphrates," to be scared submissive Minister said, "we have no more gold. Your wars have become too expensive. "
" But I know a solution, most Gracious. We will reduce the amount of gold in our royal gold coins, and thus survive longer. No one will notice. "
time jump to Washington in 2010. There is no more "forgery". Today is the ruin of the currency of a country, "Quantitative relief (QE)", but it is still the same old scam, perpetrated by rogue financiers.
Washington flooded the financial markets, with 600 billion dollars of worthless in the hope that a higher tidal wave of monopoly money America is somehow lift out of recession. The first attempt at a QE by the central bank had failed miserably.
The Government of the United States of America is fueling a global inflation to reduce their debts in that they pay their creditors with devalued dollars. The rest of the world is becoming increasingly angry with Washington.
Just before the G20 summit in the last week in South Korea, the Chinese government credit agency lowered the American public credit rating and the leadership of the United States of America presented the world economy works.
complained in an unexpected painful rebuke to Washington China because of "deteriorating ability to repay" and predicted that Quantitative relief would lead to "impairment of the basic national solvency.
Wow! That was a real slap in the face that was heard around the world. China holds the largest share of the liabilities of the Government of the United States of America. I can still remember the days when the New York financiers doubtful Shares or bonds derisively as "Chinese paper" dismissed. Now there are "American papers." How has it changed the world.
Washington had kept China a dressing down because of the manipulation of its currency too low for their value - which represents all the facts. Embarrassingly, Germany and Brazil accused the United States of America now, at least to manipulate the currency as much as China - which is also quite compatible with the facts.
A devalued dollar promoted exports of the United States of America and disadvantaged countries, which export to the United States of America. Economist call the "neighbors bring to beggary," a destructive trade practices in the world Depression of the 1930s played a central role.
This flood of money is undermining the value of the dollar, the major trading currency in the world. In the past two months, the U.S. dollar lost 6% against other currencies. Frightened investors bet on gold, which rose by 17% in 60 days.
The Obama that has been "beat up this boy" even in the midterm elections by voters and desperately trying to reduce unemployment, is betting that more debt, the economic shock therapy to call you back to life is. But massive unsustainable debt to the financial collapse of the United States of America caused in 2008.
The national debt of the United States of America have reached the stratospheric level of $ 14 trillion. Not to treat a poisoned with even more venom.
are panicking politicians, however, prepared to bring any kind of economic quackery into play in order to save their skin. Before 2007, America was living in deceptive financial heights. The financial sector had become America's leading economic sector. Those days are over, but no one dared to tell the voters.
Except that it destabilizes exchange rates and trade around the world, pours the flood of Washington money into developing markets, where U.S. investors are behind her higher odds than the miserable 0.03% in the country.
In the 1980s we saw how fragile Asian economies have been badly damaged, as investment capital flowed into the United States of America, then out. This happens again, driving the currencies of many countries in the level and affects the competitiveness of their exports. Barriers to investments may be in the air from China to Brazil.
President Obama inherited a terrible mess of the Bush administration. However, his stubborn economic reaction undermines the global economic order. The currency of a country is higher as a symbol of strength and good reputation as its flag. Driving the U.S. Dollar in the ditch, which dominated the world financial system could be in 1945, appear at the beginning of the end of the American era.
That's what was told the U.S. delegation to the G-20 economic summit in Seoul, South Korea. Obama's economic policies, particularly his efforts to the economy of the United States of America to stimulate the stimulant larger deficits, other members of the G20 bluntly rejected and criticized.
On the other hand, there was in Washington last week in an unusual flash of common sense. A special bipartisan commission convened by the President to reduce the national deficit proposed savings in the amount of federal spending from $ 4 trillion.
All political sacred cows came to the hand kiss. The biggest: the military budget in the amount of $ 700 billion. A third of the military bases of the United States of America should be abandoned in the world. There would be savings in welfare and housing benefits, increases retirement age of, an end to local prestigious projects of politicians. The taxes would increase.
The roar has already begun. Sadly, this kind unpopular drastic spending cuts to be highly unlikely, especially in the new Congress of the United States of America in which Republicans and Democrats will block each other. America would need an economic dictator, to the Commission's plans to fully implement in practice.
It seems that the United States of America will continue then stagger under an unsustainable debt burden, while the world economy will increasingly suffer from shock and turmoil.
More
empires have been brought by financial collapse as a case of invasions and defeats on the battlefield. The once mighty United States of America reeling in that direction.
published on 13 November 2010 is to>
ericmargolis.com
>
Article The proliferation of texts like nothing better. In this case, please remember to specify the web address
www.antikrieg.com
not!
