1.01.10....It Is Definitely Beginning
When countries are broke.......tensions rise.
I have been blogging intermittedly about the rising tensions between Venezuela and Colombia/U.S....... Venezuela blowing up foot bridges between the borders...Colombia permitting the U.S to access a bunch of military bases.......etc....
If Venezuela wants to stick it to Colombia..........what is the easiest thing to do?......double the price of Colombian goods in Venezuela with a simple stroke of the pen.
Venezuela's Chavez announces currency devaluation
The devaluation will affect neighboring Colombia's economy, already hit hard by diplomatic strife with Venezuela as Chavez has clamped down on bilateral trade in protest over a military cooperation deal signed by Washington and Bogota in October.
"All our exports to Venezuela will increase in price overnight," said Camilo Perez, chief economist at Banco de Bogota in Colombia. "This will be true of all countries that export to Venezuela, but Venezuela is Colombia's second biggest trade partner, so the impact will be significant here."
New York Out of Money
Illinois Out of Money
California Out of Money...Again
The problem in America, as the reserve currency and a import based nation, is if you are only devaluing your currency by giving it just to the banksters..... and the banksters hoard it and fail to restructure existing loan agreements.......buying power evaporates at all levels as wages and revenues to the nation collapse and price for just about everything you use everyday goes up due to higher oil and shipping costs.
Since America has never really run out of money before, and our dollar has always maintained its integrity.....most of you Fools have no idea what is about to happen.
Welcome to Zombulation as Benny the B only bails out his banker buddies and lets the rest of the nation rot.......amazing this might happen in the United States without the masses barely uttering a peep.
YOU SHOULD HAVE NEVER ALLOWED OUR GOVERNMENT TO BAIL OUT THE BANKS WITHOUT RESTRUCTURING THE DEBT.....NOW YOU WILL SEE WHY