The falling value of US Dollar is the single greatest threat to America.
The official national debt figure, now approaching $9 trillion, reflects only what the federal government owes in current debts on money already borrowed. It does not reflect what the federal government has promised to pay millions of Americans in entitlement benefits down the road. Those future obligations put our real debt figure at roughly fifty trillion dollars- a staggering sum that is about as large as the total household net worth of the entire United States. Your share of this fifty trillion amounts to about $175,000.
US Economy in a Deep Recession
Don’t believe for a second that we can grow our way out of the problem through a prosperous economy that yields higher future tax revenues. If present trends continue, by 2040 the entire federal budget will be consumed by Social Security and Medicare alone. The only options for balancing the budget would be cutting total federal spending by about 60%, or doubling federal taxes. To close the long-term entitlement gap, the U.S. economy would have to grow by double digits every year for the next 75 years.
The answer to these critical financial realities is simple, but not easy: We must rethink the very role of government in our society. Anything less, any tinkering or “reform,” won’t cut it.
One reason for this rise of Oil price is Demand-Supply situation. We hit a peak in production in 2005. Since then, the production has been declining at the rate of 3% a year, whereas the demand is rising 3% a year. There has been no major Oil-field discovery in the last 4 decades. Another problem is that the value of USD in international markets is crashing. So, we can’t afford to buy fuel.
The cost of Oil has doubled in terms of Euros in the last 5 years, whereas it has tripled in terms of US$ in the same period. There is no denying of the fact that the purchasing power of common man has declined sharply, all thanks to the Federal Reserve.
For Gas to reach $10 per gallon, Crude would have to be priced at $300 per barrel. It won’t happen unless the value of USD Greenbacks crashes in the International markets and everyone stars dumping dollars and they become worthless.
It is a distinct possibility that the value of dollar would crash soon. The United States has been exporting paper currency in order to import products and services from Asia and Europe. They no longer produce a lot of stuff in the United States any more. It is a service-run economy, and when the dollar crashes, gas will hit 10$ per gallon, and the ensuing hyper-inflation will take down the Stock-markets and all the savings.
Ron Paul is the only guy who can save America from Total Collapse…
Have you ever wondered how much money exists on earth?
It must be a whole lot, right? After all, so much of it changes hands - or rather, bank accounts - on a daily basis.
But, if there is so much money out there - WHY IS IT NEVER ENOUGH?
How does it come into existence?
And are there any limits to how much of it can be issued?
This 47 minute video answers these and so many more questions that NEED to be answered, but that you didn’t know need to be asked.
I cannot overstate how important it is that you watch this video and that you pass it on to EVERY HUMAN BEING you come in contact with.
It is your consideration for your fellow man and your generosity - not with your money, but with your time and your knowledge - that can make the difference between saving humanity or letting it continue to barrel towards self-destruction.
But, first, some important quotes from some thoughtful men.
“Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.”
- Kenneth Boulding, Economist
* * *
“I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money . . . I believe that the time will come when people will demand that this be changed.
I believe the time will come in this country when they will actually blame you and me and everyone else connected with Congress for sitting idly by an permitting such an idiotic system to continue.”
“Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal, there is no human relation between master and slave.”
–Leo Tolstoy
* * *
“The inability of the Colonists to get the power to issue their own money permanently out of the hands of George III and international bankers was the PRIME reason for the Revolutionary War.”
–Benjamin Franklin
* * *
“We are grateful to the Washington Post, the New York Times, Time magazine and other great publications whose directors have attended our meetings and respected the promises of discretion for over forty years.
It would have been impossible for us to develop our plan for the world if we had been subject to the bright light of publicity during those years.
But, the world is now more sophisticated and prepared to march towards a world-government.
The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the National auto-determination practiced in past centuries.”
–David Rockefeller in an address to Trilateral Commission meeting, 1991
It’s up to you and me and every other person who reads this post to make sure that the bright lights of publicity finally shine on this colossal scam.
___________________________________
Thanks, Erospolier, for sharing it with us.
Thomas L. Friedman, who happens to be a famous freelance journalist, has written an article about the decline in America, and how the future is looking bleak, unless something radical changes are brought about.
Our president’s latest energy initiative was to go to Saudi Arabia and beg King Abdullah to give us a little relief on gasoline prices. I guess there was some justice in that. When you, the president, after 9/11, tell the country to go shopping instead of buckling down to break our addiction to oil, it ends with you, the president, shopping the world for discount gasoline.
He echoed Dr. Ron Paul’s words… “We are living on borrowed money and borrowed time…”
Even though he does not name Dr. Paul direcltly, it is very clear that the nation is waking up to the fact that this mismanagement, feeding the ever-growing monstrous Military-Industrial Complex will drown this country.
Who will tell the people? We are not who we think we are. We are living on borrowed time and borrowed dimes. We still have all the potential for greatness, but only if we get back to work on our country.
He exhorts people to save money, to create capital… just like Dr. Ron Paul has said.
We are a great power. How could we be borrowing money from Singapore? Maybe it’s because Singapore is investing billions of dollars, from its own savings, into infrastructure and scientific research to attract the world’s best talent — including Americans.
Is Dr. Ron Paul Electable? He is the most conservative member of the Congress, and is a strict constitutionalist and fiscal conservative. He has always told the truth, and we must believe him when he says teh economy is in BIG trouble…
Two Republicans. Two military veterans. Two men in their political prime. But only one can take the Republican nomination. Which will it be and what do they have going for them?
by Jeremiah Johnson
As press began interviewing McCain with headlines reading “McCain Wins!” behind him a crowd stood but their signs read “Ron Paul Revolution”. This kind of fervent support from Paul’s supporters has plagued McCain wherever he goes around the nation. At first he got angry, but now it is something he has grown to live with.