Sun is setting on the US Dollar as the world's informal, reserve currency

[Jammer Six]

If you can't (or won't) see the differences between the governments of Mexico, Brazil, Argentina and the United States, nothing we say on an insignificant internet chat board is going to help you.

 

[U201491]

If you can't (or won't) see the differences between the governments of Mexico, Brazil, Argentina and the United States, nothing we say on an insignificant internet chat board is going to help you.

http://www.usdebtclock.org/

 

[Jammer Six]

The List goes on and on.

And if you don't understand the rules, I imagine it's a frightening list.

 

[Burt Gummer]

37 Reasons Why ?The Economic Recovery Of 2013? Is A Giant Lie

"Fortunately, it appears that most Americans are not buying into the propaganda. According to a new CNN survey, the percentage of Americans that believe that the economy is getting worse far exceeds the percentage of Americans that believe that the economy is improving...

Americans views on the state of the nation are turning increasingly sour, according to a new national poll.

And a CNN/ORC International survey released Friday also indicates that less than a quarter of the public says that economic conditions are improving, while nearly four in ten say the nation's economy is getting worse.

Forty-one percent of those questioned in the poll say things are going well in the country today, down nine percentage points from April, and the lowest that number has been in CNN polling since February 2012. Fifty-nine percent say things are going badly, up nine points from April."

 

[Burt Gummer]

U.S. National Debt Clock : Real Time

The real debt is actually much, much higher. Surely no one can possibly expect the US Government to tell the truth in its 'official' numbers on the debt. We are much worse off.

http://rt.com/usa/us-debt-study-hamilton-economy-103/


"If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That's the fiscal gap," Kotlikoff said in an interview with National Public Radio. "That's our true indebtedness."


The end of US prosperity will come immediately following the death of the Petro Dollar Ponzi scam. The only thing keeping the US economy afloat at this point.

China, Russia and Iran are chopping the legs out from underneath the ponzi.

Unrelenting money printing without the consequences has lasted 40 years and greatly benefited every American until now. But of course that cannot last.

 

[U201491]

And if you don't understand the rules, I imagine it's a frightening list.

And you do...
Well analyze this.

http://www.foxnews.com/politics/201...-debt-70-trillion-not-16-trillion-government/

An in-law is one of the top economists in Canada and also says the US is going to collapse financially very soon. There is no way that it can't.
You can live with your head buried. I won't. Its coming.

 

[Jammer Six]

But no date, right? Yeah, that's what I thought.

 

[U201491]

But no date, right? Yeah, that's what I thought.

Dig that head down a bit more.
We can still see you.

Reagan Warned Us About Obama on YouTube

https://www.youtube.com/watch?v=P3hY1eagq88&feature=youtube_gdata_player

 

[EZLivin]

Really strange - someone ignores trend lines (which always tell the story), but cackles on and on about needing "a date." How does one put a "date" on trend? If Fly actually CARED about dates he would follow Martin Armstrong's work. Nobody beats Armstrong as far as timing goes, but even Armstrong can only give cycle/turning points. (But Fly "won't bother" reading Armstrong either).

Complements of Armstrong:

 

[Burt Gummer]

It is a catch 22. If they 'taper'/slow down the money printing out of thin air, the economy will crash because the money printing Fed fraud is all that is propping up Bernie (the corpse, the US Economy).

Cheap money and artificially low interest rates are the only thing keeping Bernie upright. Bernie's been dead for a while already. The bankers and finance scoundrels are just moving funds back and forth between accounts to give people the illusion the Bernie is still alive.

If QE3,4,5,6,7... continues eventually everything comes to a head and we get skyrocketing inflation. Even without the dollar being removed as the reserve currency. With/without is like comparing peeing into a bath tub (removed) as opposed to a giant Olympic sized swimming pool.

Eventually the water will turn yellow either way. Currently we have the boiling frog. Everything is getting progressively worse, slowing and gradually where people don't object too much (everywhere outside the Fed supported Wall St casino). For instance, consumer debt is up an crazy 20% in just the last three years.

If it were not for credit cards (which didn't even exist in the first/Great Depression), people would be lining up for assistance even more than they are now.

100 Million Americans are on assistance/welfare. Get it yet? The Titanic is sinking with no answers and no help coming and nitwits are concerned with exactly when the bow will break.

 

[EZLivin]

But everything is fine! And for sure those at the helm would not mess with data like the people who run the banana republics. No - no way - they wouldn't do that...

Warning: Jobless rate may be rigged | New York Post

 

[ATCclears]

But everything is fine! And for sure those at the helm would not mess with data like the people who run the banana republics. No - no way - they wouldn't do that...

Warning: Jobless rate may be rigged | New York Post

I don't believe there is a "may" about it. The U3 statistic has always been misleading, and the one that politicians tend to quote. Look for the U6 statistic.

Also look at this "tear down" of the recent U3 number by Mish.

Mish's Global Economic Trend Analysis: Enormous Discrepancy Between Jobs and Employment Continues

Peter

 

[Grunwald]

If you can't (or won't) see the differences between the governments of Mexico, Brazil, Argentina and the United States, nothing we say on an insignificant internet chat board is going to help you.

My point is that the government of the US today is not the same as it was when the nation became a dominant superpower.
It was the laws and individual rights that made this country great. Sure, there was always corruption but nothing on the scale of those other nations.
Many people, including myself believe that the US no longer has those advantages. They have been subverted by self serving populace and their politicians.
Keep believing in your socialist dream. I have lived it and know first hand what it is like.
There is no better way to ruin a nation without war than to put it under one of the statist forms of government. Soon enough everyone is a government worker and puts in the effort to match.

 

[EZLivin]

I don't believe there is a "may" about it...

Ya, the title should be "Warning: Jobless rate is F_____G rigged like most of the other data put out by Washington!"

 

[Grunwald]

Ya, the title should be "Warning: Jobless rate is F_____G rigged like most of the other data put out by Washington!"

If you want something more realistic get it from Shadow Government Statistics - Home Page.
The guy who runs that site uses a rather old methodology to derive his numbers.
Basically I think it is done the same way as it was done up to sometime in the late 70s or early 80s.

Even those numbers are skewed because the government was not exactly honest back then either, but they are a magnitude better than what is officially published today.

 

[EZLivin]

For sure. John Williams does it right.

 

[EZLivin]

First the Euro, then the Yen, and last of all the $US...

"True, eventually all systems fail. The United States will break apart and will crumble as a political union. That is certain. However, the question is WHEN? Trust me. Not on this economic wave. That will manifest ONLY when the debt goes. That will happen ONLY after the financial implosion unfolds in Europe and Japan. Then this economic disease will spread like a contagion to the US economy"


Yuan & the Death of the Dollar? Good One! | Armstrong Economics

 

[Jammer Six]

If you're right, it's a chance to become filthy rich.

But you're not going to back up your opinion with money, are you?

 

[Burt Gummer]

While the US middle class is dying on the vine and many cities are turning into hell holes, the puppet in charge will soon leave for a lavish 17-day Hawaiian vacation.

Camden, New Jersey: One Of Hundreds Of U.S. Cities That Are Turning Into Rotting, Decaying Hellholes

 

[Dirty Harriet]

Based on what I've been reading and listening to (Faber, Shiller, zerohedge) it sure looks like 2014 could get exciting. I've been working hard to protect myself and my family from whatever may come, financially and otherwise. Anyway, to anyone who wants a specific date when this will all go down, I just wanted to throw out there that I went ahead and did the legwork to find out what it is. All you have to do is call 1-800-860-2545. Their ad says they give free 5-minute psychic readings. I, for one, have no reason to doubt the veracity of their predictions. Please let us know what you find out so we can reprioritize our preps as appropriate. (WARNING: I'm betting they start charging after the first 5, so don't too chatty).