Irresponsible currency printing certain to annihilate greenback - International Social/Political

Irresponsible currency printing certain to annihilate greenback
by nano Saturday, Oct 25 2008, 1:37am
international / social/political / opinion/analysis

Hard reality dictates that the global economy is in dire straits and the end of capitalism, as we have unfortunately known it, is fast approaching. There is no avoiding the devastation and utter calamity that will beset the world around 2010 – forecasts indicate total economic ruination by that year!

However, some (prudent) nations will fare better than others – nations that cut their losses early and consolidate. The BRIC group of nations stand to fare better than most as they are essentially production/growth based economies with potentially large populations of consumers. It is a simple matter to increase the spending/saving power of those populations, which in turn would stimulate their overall economies – it is no accident that nations which favoured building their economies on sound economic principles will fare better than those that didn’t!

However, for the present ‘moment’ the toilet paper currency ‘standard’ retains some artificial value -- based on Fear NOT sound ECONOMIC PRINCIPLES!

The folly of allowing any nation to own a currency that becomes an international standard – is tantamount to issuing a license to steal! Recent history offers proof of the fact!

The international currency problem is easily remedied by a weighted index based on the three or four STRONGEST/PRODUCTIVE international economies. World currencies would be valued according to that INDEX, notwithstanding the ‘top four’ nations may change or alternate according to variants based on sound economic principles. A weighted index as opposed to a currency is the solution!

Capitalism has come of age and imploded in exactly the manner its direction indicated. Put simply, classical (regulated) capitalism is ‘wealth for the few’ and free market or laissez-faire capitalism is staggering wealth for the very few. Indeed the use of the word ‘staggering’ is apt as the sheer amount of wealth in the fewest possible hands effectively crushed/asphyxiated those in possession of it. Classical capitalism allowed for a more equitable distribution of wealth, which maintained some balance in the economy and allowed for the free flow of goods, services and IDEAS through a given community. Production was adequately supplied with the means to stimulate growth, DEVELOPMENT and INNOVATION! However, the laissez-faire model promoted theft, deception and racketeering, the full scale of which will soon be known.

America cannot avoid the devastating consequences of its reckless abuse of the economy and the greenback! Printing trillions on the demand of rogues engaged in an orgy of irresponsible spending and theft can only lead to de-valuation and ruination. Printing currency never compensates for sub-standard economic policy, as history clearly indicates!

The nations that reluctantly support the failed greenback today will soon be forced to dump their reserves -- the greenback has no where to go but down. A first year economics student could cite the very valid reasons why!

Dream on sheeple, dream while you can because it will soon be nightmare time! The nation at the centre of the economic storm continues on its delusional star-tangled path to oblivion! Today, G W Bush is arguing the ‘need’ to admit Croatia and Albania to NATO – who honestly gives a fuck, dubya? More inverted priorities from the worst administration in US history.

For those not aware of the thorough incompetence of the Bush regime, research for yourselves and discover that Rumsfeld, as Secretary of Defence, openly ADMITTED that he could not account for 2.3 TRILLION dollars of obviously stolen/misappropriated funds. That scandal would have brought down any government in the world but in the ‘home of the lame’ and ‘land of lobotomised,’ where entire elections are run on slogans and clichés -- not a skerrick of detail or policy -- would you expect otherwise?

So where do we go from here, Uncle? Whether the ‘executive’ creates another ‘emergency’ situation or not there is nowhere to go but down – the world is awake to the transparent tricks of the executive! The only population that would fooled is your own!

The world must of necessity soon dump the greenback, what then Uncle, another 9 ‘bullshit’ 11 or transparent anthrax attack? If you give the world no choice it would send you to the ‘rapture’ you so desperately seek. But why not, it is OBLIVION you unconsciously seek!

[2.3 Trillion dollars and yet the administration survives – unbelievable! ‘Only in America.’ Your only hope lies in arresting the entire group of neocons and holding them ALL to account for their many heinous crimes, but we know too well, you are not intellectually equipped or capable. No doubt the presidential elections will save you; Obama is a house slave/Uncle Tom, McCain and Biden are nuts and Palin is an air-head, PERFECT! A fate well-earned and deserved.]