Update to Big Scarey Picture
April 15, 2008
– Comments (3)
I wrote this as my best estimation of what is coming, I had a few alternatives such as George declaring martial law or an attack on Iran or terrorist attack. Or an all out riot/revolution. Those scenarios would be horrible and I dont want to even think about them. Sooo... back to the scarey but not as scarey scenario.
It is weird weird times. As long as the Chinese and other countries with huge amounts of dollars can still buy real assets from Africa, South America, etc in exchange for the $$$$. We might be ok for a little while longer. But as soon as more of these countries are out of debt to the IMF and World Bank and no longer need dollars to pay off debt. WE ARE IN DEEP DOOOO DOOOOO.
Hence why the world bank, IMF, and G7 are wanting to loan $$$$$ to more third world countries for food. Basically they go in debt for food, to get out of debt they sale off their natural resources to countries and companies flush with dollars. They pay back their dollar loans with the privatization of their assets.
China will be a happy camper and used worthless US dollars to buy real assets, and third world countries are left with absolutely nuthing. No assets, a paid off loan, and a handful of worthless dollars.
I just wonder how long the scam can work? It has worked for 30+ years. Typically multination companies are the winners, but it seems to me, governments such as China have gained acceptance into the scam. They are buying as much stuff as possible with their toilet paper dollars to any place that will accept them.
What happens when third world countries become informed of the scam? OR are they all ready?
This stuff scrambles my brain and to be honest I always thought our government agencies and financial gurus had the American people's back. I feel especially since the last batch of Neocons, they no longer have our backs and are hellbent on destroying it and stealing our wealth that generations built. These two EXPENSIVE wars IMHO are what broke the camels back.
The debt/privatization scam that worked so well for our multinational companies on third world countries is coming home to the good ol USA at some point in time. I still believe it will be labeled some sort of NEW DEAL.
My biggest dilema is will they ditch the US dollar and replace it with the Amero or protect the dollar.
This is just my blog for jotting down my thoughts and guestimations, and rants at moments of time. Only the future will tell if I was nuts or sane in 2007/2008.
I support our troops, but hate this war.
Take care,
Jahbu
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