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Saturday, April 23, 2011

It’s Now Too Late. Dollar’s Collapse Inevitable: Experts http://hamsayeh.net/world/591-its-now-too-late-dollars-collapse-inevitable-experts.html

Economic experts warn of an impending dollar collapse which has already begun but that may be what western elites want in order to push forward their corporate military aims.Today US and its allies openly talk of sending ground forces to fight off pro-Ghaddafi troops and put in place an unknown group of Benghazi-based rebels supportive of the West as the new Libyan government.All of this plus the ongoing Iraq and Afghan wars are taking place at the time while the US internal economy is completely insolvent with trillions of bad debts and a stagnated.

Mike Whitney, an expert on the subject, wrote in his latest article “Velkommen to Banktopia”, “The dollar is getting hammered by the day. And the dollar is getting hammered by design, because the Fed wants a weaker currency to boost exports and lower the real burden of debt on the banks…. And this process will continue for the foreseeable future because--as Obama stated earlier in the year--Washington is committed to "doubling exports in the next 5 years.Think about that: "the next 5 years". That's the same as saying that the American worker will be reduced to third-world poverty in a half decade or so. It's a death sentence.”

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