WW3 or Massive Economic Collapse
September 11, 2009
– Comments (8)
Federal deficit hits $1.38 trillion through August......we are on track for a $2 trillion dollar deficit for calendar year 2009. $2 TRILLION DOLLARS!!!!! Benny Bin Laden is doing everything he can to bail out his buddies, cut off credit to the citizens, and destroy the value of our dollar.
You think Goldman bankers are holding dollars right now????? You may want to check out who is the largest foreign investor in Chinese banks.
By destroying the dollar we are destroying the savings of Americans and nations around the world holding trillions of dollars. Benny B's behavior is no different than if someone walked into your home and stole items right in front of your face. Benny through his Zombulation policies is essentially terrorizing the savers and holders of dollars around the world.
Retaliation will not be difficult for many.....simply refuse to accept dollars anymore in world trade. Dump dolllars in the open market and create a new reserve currency. Since we don't export very much, it will be practically impossible for America to generate foreign currency in any meaningful quantities....especially in light of our dependency on foreign products...of note oil.
Such a move would make imported products prohibitively expensive for Americans.
Probably behind the scenes, such threats are already being made outside the delivery of the mainstream media....our only retaliation short of physically assaulting another nation will be implementing protectionist policies.
Obama to impose tariffs on Chinese tires
Inevitably, our foreign trading partners will impose their own protectionist policies
Sarkozy calls for carbon tax on imports; Economists warn on consequences...
Canadians fired back. A number of Ontario towns, with a collective population of nearly 500,000, retaliated with measures effectively barring U.S. companies from their municipal contracts -- the first shot in a larger campaign that could shut U.S. companies out of billions of dollars worth of Canadian projects.
As foreigners dump dollars, shun trading with America, and find alternative trading partners.....Benny B's screw the dollar policy will impoverish our citizens and isolate America from the rest of the world. At that point, Obama will be left with few buttons to push to defend his citizens from world's retaliaton to Benny B's behavior.
If he pushes the wrong button....there will be no turning back.....for any of us.
9.09 will be unlike anything you have ever seen before........
RSS Headlines
Fool UK