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Originally Posted by Dewayne when this happens do you think the world will be in trouble? |
It is already in trouble. Obama is fulfilling his part in driving the U.S. into the one-world gov't.
By spending us into oblivion, Obama's plans are to nationalize as many sectors of the economy as he can. The key to doing this is controlling the banks. Most all of big business is conducted through the banking system. By controlling the banks, the socialists will control which business ventures will go forward and which will be declined.
If you paid attention to Obama's opening statement last evening, he indicated that his goal was to eliminate the boom and bust cycle, considered [but, not true] as part and parcel of the capitalist free market. Such thinking originates in Marxist theology, which should have clued in most Americans to Obama's pure socialist bent.
As most thoughtful Americans know, Obama's plans will not provide for a more prosperous future for all Americans. Our responsibilities, first and foremost, are to provide for our family's needs. The concept of Obama that we should provide for the well-being of everyone else ahead of our own family flies in the face of common sense.
Hence, when all of Obama's plans fail, and they will, we will be bankrupt as a nation, while facing double digit inflation, stagnant wages, and mounting pressure from our creditors. The solution that they will come up with is to subordinate/terminate the USD to the global currency to ensure that our creditors have true collateral for the money owed them.
Right now, our creditiors' only collateral is the willingness of Americans to enslave themselves to paying interest on this borrowed money. When Americans smarten up, they will want to revolt and default on this debt because they realize that it can never be sustained or paid. Before that happens our officials [serving Satan] will abandon the dollar for the global currency.
Already, China is dictating U.S. policy to a certain extent. One can imagine the pressure they will apply when they figure out that their investment in the U.S. dollar is a bust.