Skip to content
Socio-Economics History Blog

Socio-Economics History Blog

  • About

Socio-Economics History Blog

Socio-Economics History Blog

Has The Perfect Moment To Kill The Dollar Arrived?

August 8, 2012 by mosesman

  • Has The Perfect Moment To Kill The Dollar Arrived? 
    by Brandon Smith, http://www.alt-market.com/ 
    The idea of “collapse”, social and financial, comes with an incredible array of hypothetical consequences ranging from public dissent and martial law, to the complete disintegration of infrastructure and the devolution of mankind into a swarm of mindless arm chewing cannibals.  In an age of television nirvana and cinema overload, I have found that the collective unconscious of our culture has now defined what collapse is based only on the most narrow of extremes.  If they aren’t being hunted down by machete wielding looters or swastika wearing jackboots, then the average American dupe figures that the country is not in much danger.  Hollywood fantasy has blinded us to the tangible crises at our doorstep.
    –
    The reality is that collapse is not a singular event, but a process.  It is a symphony of doom, composed of a series of exponentially more powerful crescendos.  If the past four years since the implosion of the derivatives bubble have proven anything, it is that catastrophe has the ability to drown a nation slowly like a river of molasses, rather than sweep it away like a flash flood.  That said, almost every recorded collapse of modern societies in the past century has been preceded by a primary trigger event; a moment in which the mathematical certainty of failure becomes clear, even if the psychological certainty is muddled. 
    –
    In 2012, we still await that trigger event, which I believe will be the announcement of QE3 (or any unlimited stimulus program regardless of title), and the final debasement of the dollar.  At the beginning of this year, I pointed out that we were likely to see such an announcement before 2012 was out, and it would seem that the private Federal Reserve is right on track.
    –
    Last month, the Fed announced that it was formulating a plan to “expand its tool kit”.  This includes an openly admitted possibility of a third round of quantitative easing starting as early as September:
    –
    http://www.reuters.com/article/2012/07/24/us-usa-fed-tools-idUSBRE86N1G120120724
    –
    This timeline appears to coincide perfectly with the breakdown of the EU, which may also see a climax event in September.  In that month, EU policymakers will return from summer holiday.  German courts will make a ruling which could put an end to any chance that the country will support a eurozone rescue fund.  The Dutch, which are anti-bailout, will vote in elections.  Greece will be attempting to renegotiate its financial lifeline.  And, the ECB will have to assess the impending chaos in Spain and Italy:
    –
    http://www.reuters.com/article/2012/07/29/us-eurozone-crisis-idUSBRE86S05J20120729
    –
    As far as the Fed’s ability to remedy the fiscal situation goes, let’s clear something up right here; the Fed has NO TOOLKIT.  Sorry, but central banks have only two options when attempting to shift the tide of the economy:  They can lower interest rates to zero, and, they can print-print-print.  That is it.  We’ve had TARP, numerous bailouts, QE1 and QE2, Operation Twist, and interests rates have been kept near zero for years!  These so called solutions have been strapped like millstones around our necks and absolutely nothing has been accomplished since 2008. 
    –
    Real unemployment still stands at over 20%.  The housing crisis remains an unstoppable juggernaut.  Europe is on the verge of meltdown (despite the trillions in American taxpayer dollars handed to EU banks).  The national debt continues to grow at a pace far beyond what the Obama Administration and mainstream economists (who should have been fired long ago) predicted in 2010.  There are no secret magic tricks up the sleeve of Ben Bernanke.  Even if the Fed actually wanted to save our financial system, and our currency (which they don’t), there is nothing they can do except make the situation worse.  Central banks are perhaps the most useless institutions ever devised, unless, of course, their true purpose is to diminish the financial health of a country and siphon away its economic sovereignty…
    –
    Enter the death of the dollar.
    –
    read more!

end

Post navigation

Previous Post:

Stephen Lendman: To War or Not To War! Syria And Iran in The Crosshairs!

Next Post:

Alternative News Director and “Loose Change” Filmmaker Team-Up to Expose World Depopulation!

Pages

  • About

Recent Posts

  • Iran’s Regional Proxy Wars : Threats of Wider Escalation : Israel at War – Jerusalem Studio 816
  • Israel Prime Minister Benjamin Netanyahu Vows Return to Fighting ‘Until the End’
  • War Haunts Gaza: Israel Army Echoes Netanyahu | Hamas Says Bombings Killed Three Captives
  • “The COLLAPSE, The ELITE And The WWIII…” – Marc Faber
  • Devastating Consequences for Palestinian Children
  • Israel Trying to “Destroy Palestinian Nation”
  • Confetti Dollar End of Ponzi Scheme – Bill Holter
  • The Middle East’s Changing Tides: Farewell to American Dominance | Ray McGovern
  • This is When the Debt Starts to Death Spiral
  • BREAKING – Pentagon Confirms 973% Increase in Heart Failure Following COxVID Shoxts
  • BREAKING: Doctor Finds Microelectronic Metals in mRNA Injections
  • All the Experts are Warning: Brace Yourself for 2024! All Hell Is About to Break Loose Worldwide — 11/28/23
  • Is the Next PLANDEMIC Starting in China? — Todd Callender Interview
  • 🔴 $870B In U.S. Defense Spending Will Be Surpassed By Interest Cost On Growing $33.8T Debt by 2033
  • ‘Bigger Killer Than Bombs’: Big Alarm Sounded In Gaza After Hospitals Ravaged | Watch
  • BE READY FOR THE BIGGEST BANK BAILOUT OF ALL TIME! Here’s Why. IMPORTANT UPDATES. Mannarino
  • Dr. Jeffrey Sachs: What MSM WON’T TELL YOU About Ukraine-Russia, Nord Stream
  • A Jackass Holiday Feast – Jim Willie
  • Erdogan Brands Netanyahu ‘Butcher Of Gaza’; Turkey Seethes At Israel Over Gaza | Watch
  • ‘Impeach Netanyahu’: Angry Protesters Storm Knesset. Watch What Israeli Police Did

Archives

  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011

Categories

  • Disaster
  • Economics
  • Endtimes
  • Geo-Politics
  • History
  • Medicine & Health
  • Satire
  • Science & Technology
  • Social Trends
  • Uncategorized

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org
August 2012
M T W T F S S
« Jul   Sep »
 12345
6789101112
13141516171819
20212223242526
2728293031  
© 2023 Socio-Economics History Blog | WordPress Theme by Superbthemes