Sunday 26 August 2007

its cheaper to pull the plug on the dollar !

The US is spending an astonishing $650 billion on its military this year, funded by the nice fresh new bills the Federal Reserve has issued. Wouldn't it be nice if they had a reserve? they are printing money that is basically worthless, there is NOTHING left to back it up! Indeed a Fedaral law has been sneaked through making it illegal to melt down US coins for scrap ! A nickel is worth MORE for its nickel content than as a coin! The US has horrendous debts, China (and even Russia) hold hundreds of billions of dollars of US currency reserves.

China is not overly happy with the level of US influence/interferance in the middle east, lets not pretend any other reason - the US are there for the oil. Chinas massive industrial expansion is matched only by its increased need for raw materials.....and OIL !

Should they ever decide they want the US to get out the middle east all they need to do is dump ALL their dollars onto the market, (they could ask their Russian friends to do the same) and the Dollar would collapse overnight! and with it the US ecomony! You dont need to be a financial expert to work out you cant spend what you dont have !
In my opinion the vast amount being spent on the military would be better spent sorting out the US health debacle, its farsically outdated infrastructure........or some pschycological and pschyciatric help for the guy in the white house, who seems determined to end any respect thats left for a once proud nation

so General Motors are stopping overtime at three of its manufacturing plants, citing the downturn (collapse?) of the US property market leading to lesser demand for its SUV's.................think again GM !
The US people have woken up to the fact that big inefficient engines are damaging the planet!

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