OT: Countdown: Three Weeks to Chaos

[Aecetia]

Trends for Downsizing the US: The Bright Side of the Panic of ‘08

Now in his Report for 2008, issued in mid-December, he carried the news every thinking American already knows. “The United States of America,” Celente pronounced, “has gone from first class to third rate.” It’s a “nation on the skids and heading down.” Celente projects economic and political crisis in the coming year. “In 2008, Americans will wake up to the worst economic times that anyone alive has ever seen,” he wrote on December 17. “Just as they didn’t see 9/11 coming and were frozen in shock when terror struck, [Americans] will be frozen in shock when terror strikes again.” He predicts “failing banks, busted brokerages, toppled corporate giants, bankrupt cities, states in default, foreign creditors cashing out of US securities…the stage is set, the big one is on its way.”

http://www.atlanticfreepress.com/content/view/3311/81/

[underdose]

partypup, thank you for the link to the story about China calling for a new reserve currency. That little tidbit of course didn’t show up in the usual US news channels. It strikes me as about the most relevent piece of news out there. I have long thought that China was just waiting until after the Olympics. They took 50% of the cars off the road in Beijing to try to cut down on the smog. Now that the camera crews are gone, back to business as usual with their need for oil (and other commodities) back on the upswing. And it served to play the nice guy politically while taking lots of money from tourists attending the games. Now, they can give us the big middle finger if they want.

stockstradr, your scenario of an orderly transition from the dollar as reserve currency is certainly possible. But it is also possible that it would happen very suddenly, without all involved parties holding hands. People do not coordinate their withdrawls from a bank when there is a run on that bank. It’s panic behavior. Likewise, there could be a “run” on the dollar, with all holders of dollars panicking to exchange them for something else before they become worthless. A simple, and likely catalyst might be China unpegging its currency. Since commodities are currently priced in dollars, China could swiftly move to buy all the oil, steel, copper, etc. that they might want to continue expanding their industrialization, divesting themselves of their dollar reserves to let their own currency float freely. All other holders of dollars would see commodity prices spiking, and commodity supplies running out, and would run for the exits as well. Such a scenario could force the adoption of another currency almost overnight. It would also trigger hyper-inflation here in the US. Although this doomsday scenario is not a complete certainty, and trying to guess the timing would involving reading the minds of the Chinese officials, it is definitely plausible, and at any moment, tomorrow or 5 years from now.

I hope for an orderly unwinding of this situation, but it would be silly to ignore the possibility that it will be sudden and violent.

[underdose]

partypup, thank you for the link to the story about China calling for a new reserve currency. That little tidbit of course didn’t show up in the usual US news channels. It strikes me as about the most relevent piece of news out there. I have long thought that China was just waiting until after the Olympics. They took 50% of the cars off the road in Beijing to try to cut down on the smog. Now that the camera crews are gone, back to business as usual with their need for oil (and other commodities) back on the upswing. And it served to play the nice guy politically while taking lots of money from tourists attending the games. Now, they can give us the big middle finger if they want.

stockstradr, your scenario of an orderly transition from the dollar as reserve currency is certainly possible. But it is also possible that it would happen very suddenly, without all involved parties holding hands. People do not coordinate their withdrawls from a bank when there is a run on that bank. It’s panic behavior. Likewise, there could be a “run” on the dollar, with all holders of dollars panicking to exchange them for something else before they become worthless. A simple, and likely catalyst might be China unpegging its currency. Since commodities are currently priced in dollars, China could swiftly move to buy all the oil, steel, copper, etc. that they might want to continue expanding their industrialization, divesting themselves of their dollar reserves to let their own currency float freely. All other holders of dollars would see commodity prices spiking, and commodity supplies running out, and would run for the exits as well. Such a scenario could force the adoption of another currency almost overnight. It would also trigger hyper-inflation here in the US. Although this doomsday scenario is not a complete certainty, and trying to guess the timing would involving reading the minds of the Chinese officials, it is definitely plausible, and at any moment, tomorrow or 5 years from now.

I hope for an orderly unwinding of this situation, but it would be silly to ignore the possibility that it will be sudden and violent.

[underdose]

partypup, thank you for the link to the story about China calling for a new reserve currency. That little tidbit of course didn’t show up in the usual US news channels. It strikes me as about the most relevent piece of news out there. I have long thought that China was just waiting until after the Olympics. They took 50% of the cars off the road in Beijing to try to cut down on the smog. Now that the camera crews are gone, back to business as usual with their need for oil (and other commodities) back on the upswing. And it served to play the nice guy politically while taking lots of money from tourists attending the games. Now, they can give us the big middle finger if they want.

stockstradr, your scenario of an orderly transition from the dollar as reserve currency is certainly possible. But it is also possible that it would happen very suddenly, without all involved parties holding hands. People do not coordinate their withdrawls from a bank when there is a run on that bank. It’s panic behavior. Likewise, there could be a “run” on the dollar, with all holders of dollars panicking to exchange them for something else before they become worthless. A simple, and likely catalyst might be China unpegging its currency. Since commodities are currently priced in dollars, China could swiftly move to buy all the oil, steel, copper, etc. that they might want to continue expanding their industrialization, divesting themselves of their dollar reserves to let their own currency float freely. All other holders of dollars would see commodity prices spiking, and commodity supplies running out, and would run for the exits as well. Such a scenario could force the adoption of another currency almost overnight. It would also trigger hyper-inflation here in the US. Although this doomsday scenario is not a complete certainty, and trying to guess the timing would involving reading the minds of the Chinese officials, it is definitely plausible, and at any moment, tomorrow or 5 years from now.

I hope for an orderly unwinding of this situation, but it would be silly to ignore the possibility that it will be sudden and violent.

[underdose]

partypup, thank you for the link to the story about China calling for a new reserve currency. That little tidbit of course didn’t show up in the usual US news channels. It strikes me as about the most relevent piece of news out there. I have long thought that China was just waiting until after the Olympics. They took 50% of the cars off the road in Beijing to try to cut down on the smog. Now that the camera crews are gone, back to business as usual with their need for oil (and other commodities) back on the upswing. And it served to play the nice guy politically while taking lots of money from tourists attending the games. Now, they can give us the big middle finger if they want.

stockstradr, your scenario of an orderly transition from the dollar as reserve currency is certainly possible. But it is also possible that it would happen very suddenly, without all involved parties holding hands. People do not coordinate their withdrawls from a bank when there is a run on that bank. It’s panic behavior. Likewise, there could be a “run” on the dollar, with all holders of dollars panicking to exchange them for something else before they become worthless. A simple, and likely catalyst might be China unpegging its currency. Since commodities are currently priced in dollars, China could swiftly move to buy all the oil, steel, copper, etc. that they might want to continue expanding their industrialization, divesting themselves of their dollar reserves to let their own currency float freely. All other holders of dollars would see commodity prices spiking, and commodity supplies running out, and would run for the exits as well. Such a scenario could force the adoption of another currency almost overnight. It would also trigger hyper-inflation here in the US. Although this doomsday scenario is not a complete certainty, and trying to guess the timing would involving reading the minds of the Chinese officials, it is definitely plausible, and at any moment, tomorrow or 5 years from now.

I hope for an orderly unwinding of this situation, but it would be silly to ignore the possibility that it will be sudden and violent.

[underdose]

partypup, thank you for the link to the story about China calling for a new reserve currency. That little tidbit of course didn’t show up in the usual US news channels. It strikes me as about the most relevent piece of news out there. I have long thought that China was just waiting until after the Olympics. They took 50% of the cars off the road in Beijing to try to cut down on the smog. Now that the camera crews are gone, back to business as usual with their need for oil (and other commodities) back on the upswing. And it served to play the nice guy politically while taking lots of money from tourists attending the games. Now, they can give us the big middle finger if they want.

stockstradr, your scenario of an orderly transition from the dollar as reserve currency is certainly possible. But it is also possible that it would happen very suddenly, without all involved parties holding hands. People do not coordinate their withdrawls from a bank when there is a run on that bank. It’s panic behavior. Likewise, there could be a “run” on the dollar, with all holders of dollars panicking to exchange them for something else before they become worthless. A simple, and likely catalyst might be China unpegging its currency. Since commodities are currently priced in dollars, China could swiftly move to buy all the oil, steel, copper, etc. that they might want to continue expanding their industrialization, divesting themselves of their dollar reserves to let their own currency float freely. All other holders of dollars would see commodity prices spiking, and commodity supplies running out, and would run for the exits as well. Such a scenario could force the adoption of another currency almost overnight. It would also trigger hyper-inflation here in the US. Although this doomsday scenario is not a complete certainty, and trying to guess the timing would involving reading the minds of the Chinese officials, it is definitely plausible, and at any moment, tomorrow or 5 years from now.

I hope for an orderly unwinding of this situation, but it would be silly to ignore the possibility that it will be sudden and violent.

[CA renter]

My mother lived in Vienna, Austria during WWII. She always told me that bad things happen very quickly; otherwise, the populace could try to intervene and stop it.

A friend of mine is a “conspiracy theorist” and told me that a friend of his checked out one of the “camps” that were being built a couple of years ago…purportedly as a prison or training camp of some sort. They are there. Question is…what are they going to be used for?

The concept of the Amero and “united Americas” have been around for a while. Many think this is part of the plan laid out by the SPP. Here is the government (not tin-foil hat) site:

SPP Background

The Security and Prosperity Partnership of North America (SPP) was launched in March of 2005 as a trilateral effort to increase security and enhance prosperity among the United States, Canada and Mexico through greater cooperation and information sharing.

This trilateral initiative is premised on our security and our economic prosperity being mutually reinforcing. The SPP recognizes that our three great nations are bound by a shared belief in freedom, economic opportunity, and strong democratic institutions.

http://www.spp.gov/

[CA renter]

My mother lived in Vienna, Austria during WWII. She always told me that bad things happen very quickly; otherwise, the populace could try to intervene and stop it.

A friend of mine is a “conspiracy theorist” and told me that a friend of his checked out one of the “camps” that were being built a couple of years ago…purportedly as a prison or training camp of some sort. They are there. Question is…what are they going to be used for?

The concept of the Amero and “united Americas” have been around for a while. Many think this is part of the plan laid out by the SPP. Here is the government (not tin-foil hat) site:

SPP Background

The Security and Prosperity Partnership of North America (SPP) was launched in March of 2005 as a trilateral effort to increase security and enhance prosperity among the United States, Canada and Mexico through greater cooperation and information sharing.

This trilateral initiative is premised on our security and our economic prosperity being mutually reinforcing. The SPP recognizes that our three great nations are bound by a shared belief in freedom, economic opportunity, and strong democratic institutions.

http://www.spp.gov/

[CA renter]

My mother lived in Vienna, Austria during WWII. She always told me that bad things happen very quickly; otherwise, the populace could try to intervene and stop it.

A friend of mine is a “conspiracy theorist” and told me that a friend of his checked out one of the “camps” that were being built a couple of years ago…purportedly as a prison or training camp of some sort. They are there. Question is…what are they going to be used for?

The concept of the Amero and “united Americas” have been around for a while. Many think this is part of the plan laid out by the SPP. Here is the government (not tin-foil hat) site:

SPP Background

The Security and Prosperity Partnership of North America (SPP) was launched in March of 2005 as a trilateral effort to increase security and enhance prosperity among the United States, Canada and Mexico through greater cooperation and information sharing.

This trilateral initiative is premised on our security and our economic prosperity being mutually reinforcing. The SPP recognizes that our three great nations are bound by a shared belief in freedom, economic opportunity, and strong democratic institutions.

http://www.spp.gov/

[CA renter]

My mother lived in Vienna, Austria during WWII. She always told me that bad things happen very quickly; otherwise, the populace could try to intervene and stop it.

A friend of mine is a “conspiracy theorist” and told me that a friend of his checked out one of the “camps” that were being built a couple of years ago…purportedly as a prison or training camp of some sort. They are there. Question is…what are they going to be used for?

The concept of the Amero and “united Americas” have been around for a while. Many think this is part of the plan laid out by the SPP. Here is the government (not tin-foil hat) site:

SPP Background

The Security and Prosperity Partnership of North America (SPP) was launched in March of 2005 as a trilateral effort to increase security and enhance prosperity among the United States, Canada and Mexico through greater cooperation and information sharing.

This trilateral initiative is premised on our security and our economic prosperity being mutually reinforcing. The SPP recognizes that our three great nations are bound by a shared belief in freedom, economic opportunity, and strong democratic institutions.

http://www.spp.gov/

[CA renter]

My mother lived in Vienna, Austria during WWII. She always told me that bad things happen very quickly; otherwise, the populace could try to intervene and stop it.

A friend of mine is a “conspiracy theorist” and told me that a friend of his checked out one of the “camps” that were being built a couple of years ago…purportedly as a prison or training camp of some sort. They are there. Question is…what are they going to be used for?

The concept of the Amero and “united Americas” have been around for a while. Many think this is part of the plan laid out by the SPP. Here is the government (not tin-foil hat) site:

SPP Background

The Security and Prosperity Partnership of North America (SPP) was launched in March of 2005 as a trilateral effort to increase security and enhance prosperity among the United States, Canada and Mexico through greater cooperation and information sharing.

This trilateral initiative is premised on our security and our economic prosperity being mutually reinforcing. The SPP recognizes that our three great nations are bound by a shared belief in freedom, economic opportunity, and strong democratic institutions.

http://www.spp.gov/

[NotCranky]

CA renter,
Very interesting.
Tres interesant.
Muy interesante.

It is an interesting idea. A region with unequivocally mutual vital stake in affairs, that is bordered by the Arctic, various oceans and perhaps a tiny land strip border, in the vicinity of Costa Rica.Probably at least inclusive of the Panama canal.( I imagine a few more Latin American countries would comply with the conspiracy).

If you are reading, what do you think Allan from Fallbrook?

[NotCranky]

CA renter,
Very interesting.
Tres interesant.
Muy interesante.

It is an interesting idea. A region with unequivocally mutual vital stake in affairs, that is bordered by the Arctic, various oceans and perhaps a tiny land strip border, in the vicinity of Costa Rica.Probably at least inclusive of the Panama canal.( I imagine a few more Latin American countries would comply with the conspiracy).

If you are reading, what do you think Allan from Fallbrook?

[NotCranky]

CA renter,
Very interesting.
Tres interesant.
Muy interesante.

It is an interesting idea. A region with unequivocally mutual vital stake in affairs, that is bordered by the Arctic, various oceans and perhaps a tiny land strip border, in the vicinity of Costa Rica.Probably at least inclusive of the Panama canal.( I imagine a few more Latin American countries would comply with the conspiracy).

If you are reading, what do you think Allan from Fallbrook?

[NotCranky]

CA renter,
Very interesting.
Tres interesant.
Muy interesante.

It is an interesting idea. A region with unequivocally mutual vital stake in affairs, that is bordered by the Arctic, various oceans and perhaps a tiny land strip border, in the vicinity of Costa Rica.Probably at least inclusive of the Panama canal.( I imagine a few more Latin American countries would comply with the conspiracy).

If you are reading, what do you think Allan from Fallbrook?

[Author]

Posts