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#1
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Just wanted some thoughts on this video.
YouTube - NORTH AMERICAN UNION & VCHIP TRUTH |
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#2
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end times bro.
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#3
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Definitely... Mark of the Beast. People thought Lahaye was some crazy religious nut when he made the "Left Behind" series, and look what's unfolding...
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#4
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I dated my congressman's daughter in high school and asked him about the secret meeting held earlier this month....The first in 186 years.
He mentioned they talked of the collapse of the US Economy being inevitable by September of this year and there being safe houses for members of house and senate, and their families.....He also mentioned that social security would be unavailable to people as well as other government funds in the start of September of 08........Just today my mother received a letter in the mail stating she would no longer be receiving social security.......... He also mentioned that the upcoming depression would lead to the merging of Canada for their resources, and Mexico for their cheap labor...... My advice to everyone...... Buy a gun, join your militia, stockpile food for your family's and yourself.......The shit is getting ready to hit the fan boys.... |
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#5
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Quote:
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#6
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Just to fan the fire...
Tuesday, April 8th, 2008 Jim Rogers: More Pain for the Greenback, and the Failure of the Federal Reserve By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report SINGAPORE - By bailing out Wall Street and applying "band-aids" to the economy, the U.S. Federal Reserve may well be causing its own downfall - even as it hastens the demise of the greenback as a viable global currency, investment guru Jim Rogers told Money Morning during an exclusive interview. Because of such strategic missteps, U.S. consumers could be facing a long and painful economic malaise, similar to the "lost decade" of 1990s Japan, or the stagflation-riddled 1970s in the United States, Rogers said. Make no mistake: If that happens, there are two clear culprits - current Fed Chairman Ben S. Bernanke, and his predecessor, Alan Greenspan. Bernanke "and Greenspan together will probably bring [about] the end of the Federal Reserve," Rogers said during the interview in this Southeast Asia city-state. "We’ve had two central banks in America that failed [and] this third central bank will probably fail, too, because of Bernanke and Greenspan. The Federal Reserve [just] put $200 billion more onto its balance sheet of mortgages. Now I don’t know how big they can expand their balance sheet, but if they keep doing it, there’s only so much - and they just bought Bear Stearns (BSC)." Rogers first made a name for himself with The Quantum Fund, a hedge fund that’s often described as the first real global investment fund, which he and partner George Soros founded in 1970. Over the next decade, Quantum gained 4,200%, while the Standard & Poor’s 500 Index climbed about 50%. It was after Rogers "retired" in 1980 that the investing masses got to see him in action. Rogers traveled the world (several times), and penned such bestsellers as "Investment Biker" and the just-released "Bull in China." And he made some historic market calls: Rogers predicted China’s meteoric growth a good decade before it became apparent and he subsequently foretold of the powerful updraft in global commodities prices that’s fueled a year-long bull market in the agriculture, energy and mining sectors. Given Rogers’ prescience - not to mention all the uncertainty facing U.S. investors right now - we thought it was well worth a sit-down with the noted guru, even though it meant traveling all the way to Singapore, where he now lives with his family, to do so. During that interview here in Singapore, Rogers also said that: Although the United States faces perhaps its most daunting economic challenges in at least a generation, "in America, most people do not understand that there is a problem." Because of these weak-dollar efforts - as well as the billion-dollar bailouts - "America is now the largest debtor the world has ever seen." Although the central bank seems intent on engineering a U.S. economic rebound by creating an ultra-weak dollar, no country in history has ever emerged from a serious financial crisis by "debasing its currency." The bottom line: The strategies that the central bank is currently employing are nothing short of "outrageous," Rogers said. "You know, I’ve read the Federal Reserve Act," he said. "Nowhere does it say [the central bank is] supposed to bail out investment banks! Nowhere does it say you should bail out Wall Street. Their mandate was to have a sound currency, and then it was later expanded to have employment - to help employment. But nowhere does it say: ‘Bail out investment banks.’" Let’s take a look at some of the highlights of the Money Morning interview with investor and author Jim Rogers. Keith Fitz-Gerald (Q): There’s a confluence of money flowing into and around China. Do you believe that the U.S., with all its current problems, will get left out? Jim Rogers: Absolutely. The U.S. dollar is a terribly flawed currency. I’m trying to get all of my money out of U.S. dollars. I don’t know why anybody would put money into the U.S. dollar, and by extension into the U.S., as we stand here today. The U.S. is probably the largest debtor nation the world has ever seen! The United States’ foreign debts are increasing at the rate of $1 trillion U.S. dollars every 15 months. U.S. foreign debt is over $13 trillion, and rising rapidly. It’s the official policy of the central bank to debase the currency. They’re trying to drive down the value of the dollar. Q: The government has succeeded wildly, so far. Rogers: You haven’t seen anything yet! They’re trying to drive down the dollar. I’m trying to be patriotic. I’m trying to sell dollars. That’s what they want. I’m trying to help them drive down the value of the currency. All Americans should. There are certainly probably good reasons to put some money in dollars. For instance, if you have to buy cotton, you have to have dollars. But for the most part - I, anyway - am joining other people who’re trying to avoid the U.S. dollar, because Washington has sent a very clear signal: "We want the dollar to decline. We’re gonna do our best to make it decline." Well, everybody has to make their own decision. I’m trying to do what the Federal Reserve wants me to do, and I’m selling dollars. Q: My take is that former Fed Chair Alan Greenspan and current Fed Chairman Ben S. Bernanke may go down as the worst central bank chairmen in history. Do you see it differently? Rogers: [Bernanke] and Greenspan together will probably bring [about] the end of the Federal Reserve. We’ve had two central banks in America that failed. This third central bank will probably fail, too, because of Bernanke and Greenspan. The Federal Reserve last week put $200 billion more onto its balance sheet of mortgages. Now I don’t know how big they can expand their balance sheet, but if they keep doing it, there’s only so much - [and] they just bought Bear Stearns. There’s just so much they can do. Maybe that balance sheet is infinite. I doubt it. And it can be said to be infinite; they just print money like Zimbabwe or someplace. But that has to come to an end, eventually. Maybe Bernanke is going to get into his helicopter and fly around collecting rents now. Maybe when they repossess all the property, he’s going to be the rent collector. But then when they eventually take on all the car loans, I guess he’s going to be collecting car payments, too. And credit card debt, when they take over all the credit card payments, I guess he’ll be hauling us all out saying: "Your credit card’s overdue." This is insanity. Q: Is there a circumstance under which you could see the U.S. recovering, or do you think this country is doomed to be an economic also-ran? Rogers: Historically, nations that have gotten themselves into this kind of situation have only gotten out following a crisis or a semi-crisis, or some gigantic stroke of luck. The U.K. got out because they discovered the North Sea. Now you give me the largest oil field in the world, or one of the largest oil fields in the world, I’ll show you a good time, too. So if you have a stroke of luck [you can escape these kinds of problems], but otherwise, nobody’s ever sorted out these problems without some kind of gigantic crisis or semi-crisis first. In America, most people do not understand there is a problem! The few who know there’s something going on don’t understand what it is. Most of them who understand it actually think it’s good that the currency’s declining. America’s not going to do anything until things get very, very bad. Others that offer the rejoinder to this - that the declining dollar makes America competitive - [that] has worked in the short term. But no country has ever restored itself by debasing its currency, not in the long term, not even the medium term. Many places have tried to debase their currency as a solution. It’s never worked, other than maybe in the short-term, for a while. Q: Are we looking at a Japanese-style lost economic decade? Rogers: The Federal Reserve is making the same mistakes that the Japanese made. They’re trying to say: "We won’t let anybody fail. We’ll print a lot of money. We’ll drive interest rates to zero. And we don’t want anybody to fail. We’ll put on as many Band-Aids as we have to." Well, putting Band-Aids on a cancer patient is not a good solution. So whether it’s like the ’90s in Japan, or the ’70s in America, remains to be seen. [One-time U.S. Federal Reserve Chairman] Arthur Burns, who headed the central bank in the ’70s, did exactly what Bernanke’s doing. He raced in and printed money and said: "Oh, everything’s gonna be OK." But the economy never recovered, inflation went through the roof, and the dollar was under duress. Eventually they had to bring in Paul Volcker and interest rates went over 20%. And eventually they killed inflation and they solved the problem. They’re making exactly the same mistakes that Burns made. For whatever reason, though, this problem is going to last longer than previous difficulties in America. And it’s probably going to be worse. Because, now, America is a debtor nation. Now we’re the largest debtor nation in the world. At least in the ’70s, we were still a creditor nation. Japan could survive because they were the largest creditor in the world at the time. So they didn’t fall off the face of the earth. America’s now the largest debtor the world has ever seen. What’s happening in the U.S. is not going to be fun. |
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#7
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jesus this is some scary stuff....
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#8
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this is bs.
the american economy will not implode. scary times economically , yes. doom for america, no. |
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#9
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I had planned a trip to Deutschland and Amsterdam this year.......they will not accept our dollar over there now, because the time it takes to exchange it, it drops dramatically in value......
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#10
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dude, they don't accept the dollar in good or bad times. you have to change it.
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