Mar 162015
We owe $1.3 trillion in student debt—with virtually all of it owed to the U.S. government. Please join me in signing the petition demanding we cancel student debt today.     Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
Dec 112014
This is the basic information about the global economy. We all know that the global currencies, fiat currencies all of them, are going to collapse. If the currency budget bill in congress passes as it stand and the Dodd Frank bill is gutted, this will represent the first domino in the chain of events toward collapse. Watch this course. There are 24 clips from 2 minutes to 20 minutes long. You’ll be glad you did. The Crash Course has provided millions of viewers with the context for the massive changes now underway, as economic growth as we’ve known it is ending due to depleting resources. But it also offers real hope. Those individuals who take informed action today, while we still have time, can lower their exposure to these coming trends — and even discover a better way of life in the process. We’ll show you how.   Prepare your financial self and buy gold and silver now. Buy Gold Here Buy Gold Here Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
May 012011
Default Is Absolutely Impossible While The Dollar Is The Global Currency STRATFOR | Apr. 28, 2011, 11:39 AM Read more: [Editor’s Note: The original article is formated with the video at the end.] The truth about the Chinese Yuan! This video is unlisted. Only those with the link can see it. Vice President of Analysis Peter Zeihan explains how the U.S. dollar’s position as the global reserve currency makes default impossible and why the euro and yuan cannot currently assume the role.   Ultimately a credit ratings agency’s assessments of a country are based in how sustainable the country’s budgeting processes are. Now the United States — it’s not that great; between the Bush administration and the current Obama administration, American finances are certainly on an unsustainable course. Tax revenues are relatively high right now, but with the baby boomers about to retire, they’ll be taking their tax income with them. Spending is high and is showing few signs of being brought under control either by this administration or by Congress. There aren’t a lot of options for rationalizing the budget: You could drastically increase the retirement age; you could do away with some sort of social benefits, such as social security; you could sharply raise taxes. All of these are political non-starters; they’re all political suicide. So by the books, yes, the United States deserves a downgrade — maybe more than one. But ultimately that’s irrelevant. In the case of United States, default is absolutely impossible. All U.S. government debt is denominated in U.S. dollar assets. The U.S. dollar is the global currency. The U.S. Federal Reserve controls U.S. dollar policy. So long as this is the case, it’s absolutely impossible to default on the debt. Luckily for the Americans, there is absolutely no currency out there that is within a generation of replacing the United States dollar as the global currency. Let’s examine why that is the case. First, let’s look at the euro. The euro is certainly the currency that is the closest to displacing the U.S. dollar as the global currency. But if you look at the events of the last couple of years, you’ll notice that the Europeans have been in a nonstop financial crisis, honestly, since before the global recession even began back in mid-2008. Nearly all of the Continent’s banks are not only unstable but they’ve now become interlinked to the currency and (more…)