- Over the last few days, there has been a number of
in the media about the steady decline of the $US against the Euro. While
many economists have forecasted the possiblity of the dollar declining
against the Euro for sometime, most do not comprehend the significance
of this. Some believe that the decline of the dollar against the currencies
of American's trading partners will help correct the USA's trade deficit,
and the dollar will stop falling when the trade imbalance is corrected.
However, the evidence is that the opposite is happening - the $US has
40% against the Euro over the last 2 years, and during this time America's
trade deficit has continues to deteriorate.
- There is now nothing the USA can do to prevent the
of its currency, and its economy. It has no reserves to support its value,
and has the most indebted country in the world, is dependant of the credit
from America's former enemies. Over the last couple of days, both Russia
and China have said they will be switching their considerable dollar
into Euro. This will only hasten the lack of confidence in the dollar,
creating a global lack of confidence in the currency, and setting into
free-fall. It will soon bring about the total collapse of the dollar, and
the American economy.
- The collapse of the dollar will throw the world into
a global depression. Those nations with large external debts will not be
able to trade sufficiently to earn the income to service their debts, and
will slide into bankruptcy. The economies of New Zealand, Australia, Canada
and the UK will also totally collapse, as a result of their indebtedness
and not being able to service their borrowings. It will result in the
nations facing abject poverty, our people facing starvation, and a total
break-down in society. Crime will become rampant. Law and order will cease
to exist. Disease will become widespread.
- The Asian economies, which have depended upon American
trade, will also be severely affected. However, they will recover after
a period, but only after considerable political and economic
- The EU will be in a much better position to survive the
coming economic chaos. An influx of capital into the Euro zone by those
selling dollars will provide the funding for rebuilding the economies of
the new United States of Europe. However, the collapse of the $US will
still severely affect the already depressed German and French economies.
The resulting economic turmoil will create the need for the acceptance
of a strong EU leader, who will be able to make the necessary political
and economic reforms to enable Europe revive their economies. Those nations
that accept the new EU Constitution will come under the control of this
new leader, creating Europe as the world's new Super Power.
- The Euro will become the world's only reserve currency,
creating the means for the new United States of Europe to become the
economic power in the world. The new Europe will be able to dictate the
terms on how the global economy should be run. They will take over the
administration of America and Britain, placing the Anglo-Saxon people in
bondage for repayment of their debts.
- Americans do not appear to comprehend the bitterness
that has grown around the world as a result of their illegal invasion of
Iraq. While once Europeans looked up to, and admired America; today it
is held in utter contempt for its arrogance and warmongering. Anti-European
comments in the American media have only added to this hostility towards
the US. America's attempt to impose its version of government on the world,
its hypocrisy in claiming to be the moral leader of the world, while
the media with degenerate filth and garbage, has bought upon it disgust
and contempt that few Americans can comprehend.