During this perturbing period, the US government will implement a "new dollar" ("to remedy the problem of default and of induced massive capital drain from the US.")
Could it be the clandestine amero, which US would warrant with Mexican and Canadian hydrocarbons?
According to the GEAB, the "bankruptcy" and the emission of the "new dollar" (the amero?) would be a resultant of five factors:
1. The artificial and anti-gravitational upward trend of the dollar "is a direct and temporary consequence of the collapse of stock markets." GEAB doesn't say this, but such rise is unsustainable, with the US presidential election in sight, it has served to the global "financial war" that Bush's torturing regime has declared on the world; to not fall alone on its misery and pretends to drag other currencies with it, such as the euro and particularly the petroleum ("The Samson Syndrome".) Let's state that in this period of unavoidable decadence and decrepitude of the US, still exists the equation where the dollar and the petroleum are valued in inverse proportion, like we detected starting from march 2004, when the catastrophic military defeat of the US flourished on Iraq.
2. "Thanks to its recent « political baptism », the Euro becomes a credible « safe haven » value and therefore provides a « crisis » alternative to the US dollar." Our judgement is that here a fierce battle develops, a "financial war" that no one dares to call it for its name, between the dollar and the euro, precisely to attract the plethoric capitals in search of a safe currency -that paradoxically are not in abundance-, and have been sheltered in gold and silver that have sustained a relatively trustiness value, in wait for its imminent boom.
3. "The US public debt is now swelling uncontrollably." Our judgement is, without considering the virtual and anti-gravitational "financial derivatives" that ascend to a quadrillion, US debt simply cannot be paid when its "homes" (constituted by three persons, according to their ways to run statistics), have an average income of 50 thousand dollars a year and have a debt, somewhere in between half a million and a million dollars (depends on who's counting.) When the serious countries of the world run away from their possessions in dollars (with the demential exception of the masochist Bank of Mexico, in the dark age of the neoliberal jihadist Ortiz Martinez, which talent is to dilapidate reserves), the US government faces two options: rise taxes considerably (particularly to its insolvent and insolent plutocracy, which talent is evading taxes) and/or to print more garbage paper ("the Bernanke model" and the famous "helicopter" where it would distribute it massively), which would result in a hyperinflation and more devaluation of the dollar, to which only beneficial outcome would be a solvent debt that would be reduced to its minimal. Maybe in the aftermath, the "new dollar" would magically appear (The amero?)
China has discovered Bush's evil financial game that pretends to plummet the value of the "old dollar" to pay less debt and export more: "The U.S long-term goal to devaluate its dollars involves the likelihood of another large-scale expansion of the U.S dollars." according to People's Daily editorial -link- and says "the $700 billion bailout plan would possibly send the entire world plunging into a fresh (sic) wave of financial crisis" because "These dollar liquidities would push forward the devaluation of the U.S dollars, and in the mean time, would force up the futures prices of petroleum, grain, gold and bulk commodities", then it recommends "Against the global financial fears, the governments will also have to join efforts to combat the financial crisis and push ahead with the reforms in the international financial and monetary systems in order to curb the hegemony wielded by the U.S dollars over the world economy." Agreed!
4. "The ongoing collapse of US real economy (sic) prevents from finding an alternative solution to the country's defaulting." Besides the global illness caused by the toxicity of the US (the most irresponsible country in the world), lies here, in our opinion, the most dangerous factor of them all, and that's why it's urgent a "new multipolar Bretton Woods."
And 5. "« Strong inflation or hyper-inflation in the US in 2009? », that is the only question"
GEAB makes evident the divergence between US and "Euroland in the first place, [and] the rest of the world [that] seems determined to make its own choices." Hopefully! And forecasts a scenario where "Euroland, Asia and oil-producing countries, as well as US citizens of course, discover one morning of summer 2009 that, after a long-week-end or bank-holiday in the US, their US T-Bonds and Dollars are only worth 10 percent (supersic!) of their value because a « new Dollar » has just been imposed." Warns against the insanity of investing in dollars in the US, when "The New York Stock Exchange implement[ed] new circuit-breaker collar trigger levels" as result of the financial collapse. -link-
It calls for a great deal of attention, the coincidence between the resurge of the amero project: a common currency between the tri-partisan: US, Canada and Mexico, allegedly dealt in secrecy by Baby Bush, prime minister Paul Martin and the eloquent Fox in Waco (Texas) on March 23, 2005, as an extension of the NAFTA and the SPP -link- to which we should adhere the implementation of the Merida Initiative (Plan Colombia) and the incorporation of Mexico to the NORAD, with the calderon-beltron-ist blessing.
The design of the amero was realized by Daniel Carr, meanwhile the polemic Hal Turner, former radio commentator, now fired, claims in a public video that the Treasury Department has initiated the stage of massive coining to the state of sending some samples to China. -link-
Will the Canadian and Mexican hydrocarbons, rescue US from its bankruptcy and its "old dollar" throughout the amero?
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Alfredo Jalife-Rahme
La Jornada 10/19/2008
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