Monday, July 30, 2007

Dollar is Falling…very fast

An Empire is not forever… the greed accelerates their falling


USA is the country the highest debt in all the history of mankind, with a debt growing by $1.300 millions dollars a day

Weak point of USA empire is the DOLLAR ( Michael C. Ruppert).

Noam Chomsky: 9 of 10 dollars in the market are speculative and they don’t sustent on real wealth.

US gov reported $1.3 trillions in lost last year.

The fall of US Dollar is inminent, it is in their final days, the strategy of FED of printing and printing paper with no value is failing and impossible to avoid the break up, on 2007 US GDP only growth 0.0% and a inflation between 3 and 4% just because the high prices of Gas. Another sign of the inminent death is the Dollar Index a chart that shows how strongs is the dollar against other currencies, 100 is the best score now Dollars has a score of 83 when it reaches 80 the fall would occur…

USA style of Life of living from borrow money would be over, most of the world is not willing to continue giving money to a Death economy, the PetroDollar regime is also collapsing ‘cuz now Kuwait decided to stop using only dollars and diversify their currencies basket

4 countries (China, Japón, European Union (UE) and RUSSIA) have together $2.9 trillions of dollars, of that 66% US Dollars and 25% Euros, if they suddenly decide to change all or most of the Dollars they would put the last nails in the Dollar.

The people that would suffer more is the middle classes of USA, ‘cuz their goverment is more focus on Big Multinationals so they pay less Taxes like JP Morgan and Goldman Sachs that are playing big big buck on fast investments and get HUGE return at the expenses of consumers, but the big winner of BUSH “play” is MILITARY INDUSTRIAL COMPLEX they have never get tons of money in all their history.

Another sign that Dollar is falling is the sky high prices of Gold, if Dollar falls these precious metal could reach $1000 dollars per ounce and silver $20.

U.S. Dollar Value of Some Foreign Currencies

June 1, 2002

June 1, 2007

EURO

1.07

0.74

JAPANESE YEN

124.2

121.7

BRITISH POUND

0.68

0.50

The Euro Surpasses the Dollar
Banknotes in circulation (value in billions)

DATE

EURO

DOLLAR

December 2003

354.5

584.3

December 2004

501.3

564.2

December 2005

565.2

668.0

December 2006

628.2

618.9

March 2007

608.5

571.0

(Newsweek Magazine)

The Fall of the empire could be by this 3 signs:

Oil Peak production between 2008 and 2016 cuz the OIL is the life and blood of the “American” Way of life, and since Nixon take out the Bretton Woods the Dollar is a parasite of that energetic

US Mega Debt

And the end of the Dollar hegemony


RELATED LINKS

It’s Official: The Crash of the U.S. Economy has begun


USA Today: US government hiding trillions in debt

No lloren por el dólar

US Dollar INDEX

Reloj de la Deuda USA

World Money Reserves

The U.S. dollar is sinking