The Economy - No more rabbits left to pull

As much as I hope this is wrong : people have been setting up this scenario for 3+ years (probably longer).

There is now nothing the USA can do to prevent the collapse 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 reserves 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 warnings have been posted over and over, the telltale signs of internal economic collapse have been going on the last 3 years as front page news. And yet the public goes about its business thinking the government will come to their aid in the end, but in the end it will their own ability to survive, and surviving the actions of government will be their priority.

The handwriting has been on the wall, were we so naive to think this couldn't happen here? Did we really think all this would magically go away with changing a political party or by giving some silly cash giveaway back to public? There are no more rabbits left to pull out of the hat, there are no more interest rates left to drop to stimulate a consumer society hiding in the Mall worrying about what credit card to use for Christmas.

Whats left is the martial law to stop runs on the banks, whats left is the confiscation of precious metal, whats left is the rationing of fuel and food. And whats most pathetic of all, is that we did it all by ourselves with unbridled greed.

The definition of sovereign states.

"All persons are equal before the law and are equally entitled to its protection. All states are equal and none can officially receive special treatment from the federal government. Within the limits of the Constitution, each state must recognize and respect the laws of the others. State governments, like the federal government, must be republican in form, with final authority resting with the people. (See classical definition of republic.)

Remarkably it comes to this; "The people have the right to change their form of national government by means defined in the Constitution itself."

But the reality is centralized government that supersedes that same sovereignty by amendments. And leaves themselves free from accountability when the shit hits the fan.

How did this happen?

Originally, when the dollar was backed by gold, the conversion was $20 for one ounce. Every dollar floating around had 1/20th of an ounce of gold backing it up. In fact, a dollar could not be created unless there was gold in a vault somewhere first. That's the way the value of a dollar was used, circulated, and calculated. A dollar was an actual weight and measure of gold. And a nation grew rapidly and prospered beyond all others on earth.

We sold our birthright so to speak, and gave ourselves to living beyond our means by way of credit, disregarding every moral issue that argued against this evil! We allowed our elected government to issue "legal tender" that is for all practical purposes...worthless. And the note is now being called due.

What to do?

Its been said we rest on the backs of giants, and I tend to believe that truth, only because their accomplishments were done with sweat and blood, rather than accumulated credit debt.

No doubt there are those here who have managed their existence on a level that hasn't exceeded their income. But the majority have followed suit of governmental deficit spending, borrowing until there's nothing left to borrow.

Responsibility has to fall somewhere, and the government will without doubt find its reasoning for placing blame on some foreign entity and the issue of war. Meanwhile the private sector is left to its own devices to salvage what they can. Its coming unglued, and not a damn thing to do to stop it.

War spending & Internal infastructure

This deserves 10,000 pages of it's own. Inherently if a population or it's people are struggling to make a living or not being able to take care of each other - should NOT be waging wars based on unfounded reasons.

Just because our own economy and infrastructure is in shambles doesn't mean we need to continue aggression and military spending on others. If our goal is to help spread misery, we're going a great job the past few years. I just hope it isn't us on the flip-side after the dust settles.

Originally posted by Shortround, on our Message Boards