A Cold Wind Is A-Coming

In the late '90s, it became fashionable among patriotically inclined Russian experts to predict the imminent collapse of the dollar. Instead, the ruble collapsed. Yet it seems that indeed all is not well with the dollar. "None of my clients are keeping their money in dollars anymore," a well-known Viennese lawyer admitted. "Some major unpleasantness is on the way."

It's no secret that the dollar has been sinking versus the euro. The question is whether this reflects a large-scale trend. The 2004 elections in the United States marked the end of an era. During Bush's first term, the world continued to hope that this was all nothing more than a bad dream that had to end sooner or later. Waking proved far worse than the nightmare itself, however. The problem is not that the majority of people on the planet do not accept Bush or his policies, but that "Bushism" reflects certain long-term trends in the American economy, American society and, when all is said and done, in the world system.

For half a decade, the United States has financed its growth using other countries' capital, countries drawn to high exchange rates of the dollar, the surrogate world currency. International trade and financial organizations such as the World Bank, IMF and WTO institutionalized this order by defending the dollar and free trade (which on the global scale amounts to one and the same thing). Ideologues called this globalization.

From the perspective of the United States, all these problems seem rather immaterial. In the end, local manufacturing will become more competitive, the burden of dollar-denominated international debt will lighten and the money saved on debt will help the United States continue the war in Iraq or come up with a whole new war. Yet this not-so-splendid isolation will have its dark side. If you provoke a world crisis, it may come back to haunt you.

http://www.themoscowtimes.com/stories/2004/11/25/008.html

Who else can see the handwriting on the wall, feel the ground tremble as the pillars of America begin to crumble.

which is why the price of gold is going up so quickly. Those of us with money to play with can buy gold as a hedge against the coming inflation. The rest of us will see our standard of living degrade.

The dollar needs to deflate, thanks to the hold the dogma of free trade has on our wonderful elected officials. There is no way a US worker can compete with a worker elsewhere in the world as long as the dollar is artificially strong. The choice now is between Congress waking up and instituting targeted tariffs or a weakened dollar. My guess is that the latter will be allowed to occur.

Not that Bush has a clue in the world about how to stop the process.

There's just so much crap that I feel is going to hit the fan, and it's gonna to be painful. I just can't see things not going downhill, and frankly I don't know that we can afford it.

It's so obvious these globalists are out to bankrupt The American People for their own gain...Then we will WANT a world government and world police state, to save us from starving. This is all well known.

will submit to their PNAC version of slavery.

Their hate and derision is all pent-up and their thinkie-tanks have been busy. Stolen and laundered money was devoted to the tanks to dream up the new world starting with a new nation.

Remember the Ukraine! Start out by checking the dumpsters for banner material. Don't throw out those wide felt pens. Check the thrift stores for megaphones. Stock up on masks and goggles. Get into practice.

The problem here is that it is all so new to us that it seems to descend on us with a helpless feeling of inevitability.

A few people saw it many years ago. There are many who only started seeing the light as a result of noticing the extremism of the right wing. Now, many right wing swallower-followers have to be educated, in turn.