MOAP HAS ARRIVED!!!!!....just a few days late
The United Nations called on Tuesday for a new global reserve currency to end dollar supremacy which has allowed the United States the "privilege" of building a huge trade deficit.
"Important progress in managing imbalances can be made by reducing the reserve currency country?s 'privilege' to run external deficits in order to provide international liquidity," UN undersecretary-general for economic and social affairs, Sha Zukang, said.
The only reason America has been allowed to run such massive deficits for the past year is because our dollar was the reserve currency....but as I warned, you can simply not print massive amounts of currency without legal consequences......otherwise every nation in the world would print away and money would have no scarcity.
I warned you this day would come....and now it is here....gold is screaming it at the top of its lungs.
Once the dollar loses reserve status, we will simply not be able to print and write welfare checks, or social security checks, or purchase foreign oil......we will be limited to what we earn and what we can borrow.
It will likely be the most convulsive change in American Economic history.....not the end of the world, simply a massive change. Sometimes, responsiblity requires discomfort....no pain no gain.....and now we are about to FEEL!!!!!!!!!!!!
Our other option of course is to go to war.....that way we could take the treasure of foreign nations to support out citizens.....the problem with that is that there is few nations out there with enough treasure to support our massive economy....consequently, unless we are ready to take on the world.....we Americans might be forced to learn what it is like to live responsibly.....and it will be a very different life than all of us have become accustomed to living......
Revenues have now reached critically low levels in many industries.....many companies are surviving not because of sales and cash flow, but simply from borrowing money.....the U.S. Government and many state and local governments are not much different......
It is now time to feel MOAP.....and you are prepared courtesy of Alstrynomics.