The U.S Federal Reserve is a major central bank in the world that has been over the past 100 years devaluing the U.S dollar downward by 97%. So you see, we are getting pretty close to 100%…how long will this take though? Maybe 5 years, maybe 10 years.
If the America economy and U.S dollar collapse, here are reasons why the Canadian dollar will not survive as well:
American’s freedoms have are eroding fast, and it begun with the staged 9/11 event, which essentially gave the U.S Government the excuse to tighten security, and impose laws that infringe on people’s privacy. In 5-10 years I think it will resemble very much like Nazi fascist Germany during the World War II era.
All U.S stock market indexes took roughly a 3.5% haircut today. Question is this, “Is it down from here?” and “Is there going to be a santa claus rally this year?”
The answer to both of these question is who knows, anybody’s guess. The stock market now a days have pretty much been manipulated by the U.S Government and Federal Exchange who pump borrowed /printed money into the markets to inflate them.
Regardless of whether there is another Greek “saveâ€, preventing the actual default that still seems inevitable, the fact remains that adding debt to try and solve a debt crisis is a stupid approach when your interest costs already exceed your tax revenues (as is currently the case in Greece).
And it doesn’t stop there. There was roughly $4.5 trillion in new debt issued in 2010, three times the normal rate for mature economies.
America’s righteous and holier-than-thou attitude is comical at best. The U.S Federal Reserve, through two rounds of quantitative easing and now Operation Twist, has flooded the world with U.S dollar lower and push its value down significantly.
Now, if the above tactics is not currency manipulation, then I don’t know what is. I think the U.S government should take a hard look in the mirror before pointing fingers at other countries.
http://money.cnn.com/2011/10/06/news/economy/thebuzz/index.htm?source=yahoo_hosted
As the United States government is already bankrupt and keeps printing money to meet it’s social responsibilities to the people, and to keep government running. Countries around the world have looked elsewhere to park their money and invest.
Every time the Federal Exchange prints more U.S dollar, it dilutes the dollar and therefore devalues the dollar making it more worthless.
The charges against Mr. Gupta will show that Gupta was the insider a member of financial establishment. If the charges are proven, it would be the worst kind of corporate betrayal for Goldman Sachs.
Mr. Gupta was named as Mr. Rajaratnam’s co-conspirator , unlike Mr. Rajaratnam and other insider traders, Mr. Gupta has been caught on tape discussing the alleged wrongdoing add the fact that he bought into a Galleon fund.
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