Monday, September 17, 2012

Connect the Dots - Then Prepare

As I listened to the announcement of QE3, I started to remember some of the past and present articles I have read. In doing some searching to find them, I also came across these articles which connect the dots for what our Main Stream Media isn't talking about. 

You know, the guys and gals on TV who sit around the table giving their opinions on any given subject so that we can have both sides of the story. 

The question is, why aren't any of them talking about this situation? Oh, I know, Glenn Beck is encouraging people to buy gold, prepare for emergencies by stocking food and the like. But has Glenn said one word about this financial mess we're facing and what it will be like when it happens?

There are those out there who have been paying attention and have done what ever they can but what about the masses of people who will wake up one day to find their world upside down?

How US debt risks dollar doomsday

Last Updated: 12:27 AM, May 1, 2012
Posted: 10:23 PM, April 30, 2012

It started with the 1973 Saudi commitment to accept only US dollars as payment for oil, followed by OPEC’s 1975 agreement to trade only in dollars. Trading of other commodities came to be priced in dollars, reinforcing the dollar’s “reserve” status.

As a result, central banks worldwide have held onto large reserves of dollars to facilitate trade. That, in turn, has enabled the US to print much larger amounts of its currency, with seemingly little inflationary consequences. It’s also made it easier for Americans to import more than they export, to consume more than they produce, and to spend more than they earn.

But all that is changing rapidly.

A number of countries are abandoning the dollar for the Chinese yuan. Last December, Japan and China agreed to trade in yen and yuan. In January, the 10 nations of the Association of Southeast Asian Nations finalized a non-dollar credit agreement equivalent to $240 billion, strengthening their economies’ links with China, Japan and South Korea. FULL STORY

China, Russia sound alarm on world economy at APEC summit

VLADIVOSTOK, Russia | Sat Sep 8, 2012 12:18pm EDT

(Reuters) - China and Russia sounded the alarm about the state of the global economy at a summit on Saturday and urged Asian-Pacific countries to protect themselves by forging deeper regional economic ties. FULL STORY

China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar

September 11, 2012

China and Russia have been spearheading a movement to shift away from using the U.S. dollar in international trade.  At the moment, the shift is happening gradually, but at some point a tipping point will come (for example if Saudi Arabia were to declare that it will no longer take U.S. dollars for oil) and the entire global financial system is going to change.  

When that tipping point comes the global demand for U.S. dollars is going to absolutely plummet and nightmarish inflation will come to the United States.  If such a scenario sounds far out to you, then you have not been paying attention.  In fact, China and Russia have been working very hard to move us toward exactly such a scenario. FULL STORY

Panetta Extends China Trip to Meet Xi Jinping and Visit Port

By Gopal Ratnam - BLOOMBERG
Panetta’s meeting with Xi comes after the vice president canceled an event with Secretary of State Hillary Clinton on Sept. 5. The meeting and port visit will be an opportunity for U.S. and Chinese officials to be more transparent with each other, the senior U.S. defense official said. FULL STORY

Interesting isn't it, if China won't talk to Hillary, they send Panetta over to do the job. I don't think VP Xi really cares, do you?

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