The Destruction of the US Dollar

POSTED BY: JaynezTown
UPDATED: Thursday, October 16, 2008 00:43
VIEWED: 21107
PAGE 2 of 17

That number is wrong

The debt isn't 6.164 Tril

The total U.S. debt was approximately $9.2455 Trillion that's trillion with a T

Where Trillion = 1000 Billion

or
9 , 2 4 5 , 5 0 0 , 0 0 0 , 0 0 0 dollars and . 00 cents

The debt clock will be broken by the end of the year because it will have run out of numbers

NOTIFY: N  | REPLY  | REPLY WITH QUOTE  | PERMALINK  | TOP  | HOME

The National Debt Clock in April 2008 said U.S. debt was $9.5 trillion. Add to this math unfunded Medicare, Medicaid and Social Security obligations and it's almost $ 60 trillion !!!!

NOTIFY: N  | REPLY  | REPLY WITH QUOTE  | PERMALINK  | TOP  | HOME

Quote:

---

Originally posted by JaynezTown:
The National Debt Clock in April 2008 said U.S. debt was $9.5 trillion. Add to this math unfunded Medicare, Medicaid and Social Security obligations and it's almost $ 60 trillion !!!!

---

We should have voted for a CONSERVATIVE Republican for President then, dontcha think?
Not the adventurist, big-government, militaristic, pro-deficit guy that's in there now...

Just sayin' isall

NOTIFY: Y  | REPLY  | REPLY WITH QUOTE  | PERMALINK  | TOP  | HOME

The dollar won't implode due to government spending, or else Carter would have ended our economy instead of just setting it back 7 years.
The thing to keep an eye on is the oil/Euro/Dollar relationship. The oil standard switched from U.S Dollar to Euro, and that could be a problem.

NOTIFY: Y  | REPLY  | REPLY WITH QUOTE  | PERMALINK  | TOP  | HOME

Back during the Carter years we still made things, manufactured stuff, you could buy radios, cars and so forth that were all made in the USA and the world was not so internationalised. One of a whole wide range of modern threats to economic stability could materialise and deliver a massive new shock to the world economy. Back during the Carter years there was also no alternative to the Dollar but today people can globalise trade by selling Steel, Oil and so forth in the European currency. In New York City some traders have already switched to the new currency. When Economists talk of the European notes getting above the Dollar, these are savage blows to the Dollar and the Dollar has weakened against a whole wide range of currencies. Strangely we should be thanking the Chinese, if they were not financing our debts the Dollar would Implode. Some accuse when the Dollar does finally collapse, it will be expected and be engineered by powerful people like the BillGates of the world, the Rothchilds, Rockefellers, Warren Buffets. With the implosion of a currency people get desperate for trade, money etc the NAFTA super tollway from Mexico to Canada and the NAU might have already lead the foundations for a currency take over and the NAU. The billions and billions of dollars China has invested in the flagging American currency will be worthless. The Chinese and American political leaders will have to negotiate the exchange rate to the new Amero. This will then force the creation of the North American Union. This will be the move to replace the Dollar with a new N. American currency

NOTIFY: N  | REPLY  | REPLY WITH QUOTE  | PERMALINK  | TOP  | HOME

Eight Reasons Food Prices Will Keep Rising
By Jeffrey Strain (07/07/08)

http://www.mainstreet.com/eight-reasons-food-prices-will-keep-rising?p
uc=msgoogle&cm_ven=MSGoogle

Quote:

---

Be prepared -- food is going to become more expensive, even if oil prices stabilize.

Agriculture tends to be heavily dependent on energy for fueling tractors and field equipment, as well as having a heavy reliance on petroleum-based fertilizers and herbicides. But what most people don't realize is that even if oil prices level off, food prices are likely to continue to rise.

Here are some reasons food prices will continue to increase.

Bees
The number of bees has been dramatically declining over the last few years. In 2006, Colony Collapse Disorder wiped out 30% to 90% of beekeeper hives. The losses continued last year through this year with over 30% of hives being destroyed in both 2007 and 2008.

The exact cause of Colony Collapse Disorder is not known. Since roughly 75% of flowering plants rely on pollination to help them reproduce, bees are an important link in the chain that produces much of the food that we eat. Without bees to pollinate crops, the crops can't bear fruit, causing crop yields to drop. The end result is higher prices in the supermarket for these foods.

Hoarding

A growing number of countries have sharply curbed food exports in order to ensure an adequate supply of food at affordable prices for their country. While this trend is a much bigger problem for poor countries that rely heavily on imported food than the U.S., it also puts pressure on world food prices including those foods being imported to the U.S.

To make matters worse, the hoarding creates the perception of food shortages, which can lead to more hoarding and further increases food prices.

World Demand for Food

There is a growing demand for food around the world with the emergence of a middle class in such places as China, Latin America, Africa and the Middle East. With more disposable income, these people demand more and a greater variety of food. These middle classes will likely continue to increase, placing more pressure on world food prices.

The Lowly Dollar

The dollar has fallen against other world currencies over the past year. When the dollar goes down in value against other currencies, any dollar-denominated commodity tends to go up in price.

Part of the huge increase in oil prices can be attributed to the fall of the value of the dollar against other currencies. In the same way, most major food commodities are traded in dollars, which makes foreign-produced food more expensive.

Hidden Price Increases
Normally, food manufacturers would be hard-pressed to increase food prices further if they had already raised prices with their increased costs from oil. There is always fear among food manufacturers when they must raise prices that doing so will cause a decline in the amount they can sell. One way around this that manufacturers have been using is that instead of raising the price marked on the product, they simply place less into the package. Many people don't notice the change so they don't lose as much in sales.

Having done this, food manufacturers still have room to raise the actual prices where they would have been much more reluctant to do so if they had previously raised prices the same way.

Weather
Recent flooding in the Midwest and Corn Belt has prevented farmers from planting soybeans and damaged the corn crop, which had recently been planted. Analysts have estimated that there may be a shortfall of 15% or more in grain produced this year compared to last year due to the flooding.

The bad weather hasn't been limited to the U.S. Poor weather has reduced overall global food production from Canada, the European Union and Eastern Europe over the last couple of years. A drought has resulted in a major Australian wheat decline. This has tightened world food stocks, which has contributed to rising food prices.

Speculation

Speculation's role in increased food prices is hotly debated, but it appe

NOTIFY: N  | REPLY  | REPLY WITH QUOTE  | PERMALINK  | TOP  | HOME