Cross-posting from the Economic Devastation thread...
...
Normally the comments on ZeroHedge are pretty good. However, the posters there seem to blindly support rage pieces like this one without understanding that the rage will only make things worse.
Rage without insight is more then useless. Such anger is easily manipulated and will be directed into an attack on the productive elite and small businesses.
...
With each raging assault on the hated rich 1% red cape the bull is confused to find that its wounds have deepened. It responds by attacking the cape with more vigor.
The proper response to this spectacle is not rage but pity. The bull has been brought up and trained its entire life to ignore the torero and has no chance. The only logical choice is to opt out. Don't be the bull and make sure you are not the easily targeted red cape.
CoinCube is started to get the deeper points I bolded below. Note from the poll results and comments in the
, that most people are really confused.
.
A singe currency is as feasible as world peace.
China, Russia, the UK, the US, North Korea or Japan will never accept a currency out of their direct control.
Readers don't read, or lack reading comprehension.
Why don't you try again to read the thread. The national currencies will float against the reserve currency.
The coming global crisis will sink further and further into the abyss until the nations agree to a monetary reset and
the only way they will ever agree is if that new monetary reserve unit is not controlled by the USA as it is now.
...
Also Armstrong is contradicting himself on claiming above that
the impetus for a move to a one-world reserve currency will be only for economic reasons and "not
political".
https://www.youtube.com/watch?v=AxOUyPKA_vg...we are going to go to some sort of new international reserve currency because there have been a lot of political problems with it [the dollar, i.e. one nation's debts being financed on the back of the world using that nation's currency as a reserve]...
http://armstrongeconomics.com/2015/03/10/the-one-world-currency-not-arriving-voluntarily/I believe we will be forced into that one-world currency because of the collapse of the Euro and the contagion that will impact Japan. It will become the solution to hide the default on socialism. We are already in a declining trend since 2007 for all economies outside the USA. The USA is the only thing holding this thing up. When the global economy turns down, watch the finger-pointing.
The Sovereign Debt Crisis will cause the new currency to emerge for this is how they default. I would like to think that our proposal could be usurped and we end the borrowing, which nobody intends to repay anyway. But lets be realistic. The collapse will be forced upon the world because of the failure of Marxism. That is the key. The very fundamental idea that government is capable of managing the economy.
The elite have planned this out a long time ago. They BIS Basel rounds have been preplanned for a long time and they slowly are increasing the Tier 1 capital requirements on banks. This will force mark-to-market and everything will collapse.
From that political problem, the world will have no choice but to accept a monetary reset, and the only way to get all the nations to agree to a reset will be for the power of the reserve currency to not be held by any one nation.
So that power will be transferred to an international entity. The elite will pretend it is a fair entity that has representation from all the nations, but as always, they will control this institution.
Armstrong wrote the following posts to try to refute what I had written as quoted below.
http://armstrongeconomics.com/2015/03/11/rothschilds-fact-or-disinformation-to-protect-the-guilty/http://armstrongeconomics.com/2015/03/10/the-one-world-currency-not-arriving-voluntarily/http://armstrongeconomics.com/2015/03/10/federal-reserve-confusion/http://armstrongeconomics.com/2015/03/10/negative-interest-rates-brain-dead-thinking-that-will-implode-the-world/...This will cause an acceleration of capital flow into the USA, driving the USA stocks to a phase transition bubble near 40,000 by 2017. The Fed will react by raising interest rates, seeing this as an opportunity to unwind their balance sheet and
to pretend to be protecting the 99% against the 1% who profit on stocks. (Note Armstrong doesn't seem to understand the Fed will do this because TPTB want the masses to beg for their own demise, its all part of the master plan towards a one-world reserve currency and
global Technocracy. Armstrong doesn't understand that at Bilderberg meetings a smaller group of less than a dozen meet to discuss the real plan for the world, he isn't inside the top most circle)
This rise in interest rates will cause the rest of the world (which is short the dollar due to borrowing all the QE which ended up invested outside the USA) to collapse, thus killing the USA exports from both reduced international demand and a stronger dollar.
USA should thus follow into terminal decline in 2017.
Dominoes falling...
...