Over the last few days, there has been a number of articles in the media about the steady decline of the $US against the Euro. While many economists have forecasted the possiblity of the dollar declining against the Euro for sometime, most do not comprehend the significance of this. Some believe that the decline of the dollar against the currencies of American’s trading partners will help correct the USA’s trade deficit, and the dollar will stop falling when the trade imbalance is corrected. However, the evidence is that the opposite is happening – the $US has declined 40% against the Euro over the last 2 years, and during this time America’s trade deficit has continues to deteriorate.
There is now nothing the USA can do to prevent the collapse of its currency, and its economy. It has no reserves to support its value, and has the most indebted country in the world, is dependant of the credit from America’s former enemies. Over the last couple of days, both Russia and China have said they will be switching their considerable dollar reserves into Euro. This will only hasten the lack of confidence in the dollar, creating a global lack of confidence in the currency, and setting into free-fall. It will soon bring about the total collapse of the dollar, and the American economy.
The collapse of the dollar will throw the world into a global depression. Those nations with large external debts will not be able to trade sufficiently to earn the income to service their debts, and will slide into bankruptcy. The economies of New Zealand, Australia, Canada and the UK will also totally collapse, as a result of their indebtedness and not being able to service their borrowings. It will result in the Anglo-Saxon nations facing abject poverty, our people facing starvation, and a total break-down in society. Crime will become rampant. Law and order will cease to exist. Disease will become widespread.
The Asian economies, which have depended upon American trade, will also be severely affected. However, they will recover after a period, but only after considerable political and economic turmoil.
The EU will be in a much better position to survive the coming economic chaos. An influx of capital into the Euro zone by those selling dollars will provide the funding for rebuilding the economies of the new United States of Europe. However, the collapse of the $US will still severely affect the already depressed German and French economies. The resulting economic turmoil will create the need for the acceptance of a strong EU leader, who will be able to make the necessary political and economic reforms to enable Europe revive their economies. Those nations that accept the new EU Constitution will come under the control of this new leader, creating Europe as the world’s new Super Power.
The Euro will become the world’s only reserve currency, creating the means for the new United States of Europe to become the dominant economic power in the world. The new Europe will be able to dictate the terms on how the global economy should be run. They will take over the administration of America and Britain, placing the Anglo-Saxon people in bondage for repayment of their debts.
Americans do not appear to comprehend the bitterness that has grown around the world as a result of their illegal invasion of Iraq. While once Europeans looked up to, and admired America; today it is held in utter contempt for its arrogance and warmongering. Anti-European comments in the American media have only added to this hostility towards the US. America’s attempt to impose its version of government on the world, its hypocrisy in claiming to be the moral leader of the world, while flooding the media with degenerate filth and garbage, has bought upon it disgust and contempt that few Americans can comprehend.
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This collapse will be global and it will bring down not only the dollar but all other fiat currencies,as they are fundamentally no different. The collapse of currencies will lead to the collapse of ALL paper assets. The repercussions to this will have incredible results worldwide and each economists contend that. The dollar collapse And The economic collapse will be on 2020
Over the last few months, businesses have been put under extreme amounts of stress to say the very least. The lockdowns have forced some businesses to completely shut down… and others to remain open, but with significantly less revenue. This has caused many companies to take some financial actions that they would normally never take. And that is why we are seeing the creation of a new economic crisis.
A crisis that will affect millions of people around the world…and yet most people don’t even know what it is… (This is the Zombie Economy). What country do you think had the wealthiest citizens in the year 1990? Was it a great Western Power Like the United States or the UK. Maybe it was a Nordic country like Norway or Sweden. Could it have possibly been the economic powers of the Germans or the French? Well none of those are the right answer.
The wealthiest people in the world out of all industrial nations in 1990 was actually the Japanese. You see World War 2 decimated large parts of Japan, and took out and estimated 40% of its infrastructure. However, this devastation allowed Japan to rebuild their entire economy from scratch. They rapidly built modern factories throughout Japan, which gave them a massive advantage over other nations who’s factories were old and comparatively outdated. The country also began to through an era that was called “the gifts from heaven”.
This is was an era in Japan where within the span of 3 years…all of the following things happened. Japan became a democracy, Workers got labour rights, women got the right to vote, farmers were allowed to own their land, general society liberalized, and expansion of private businesses were allowed. All of these reforms combined with other factors like extremely high productivity, led to Japan becoming an economic superpower where during parts of the 1980s, they had the second largest economy in the world behind the United States, and had they had the highest GNP per Capita out of all major industrial nations in the world. But then…a major economic crisis would tear the economy of the country apart. You see, in the 1980s, Japan made some financial reforms that seemed good at the time, but would end up creating their first modern financial crisis in the countries history. In 1985, the Plaza Accord doubled the exchange rate value of the US dollar versus the Yen.
They had strict tariffs that encouraged people to save money vs spend money. And lastly there was excessive loan growth quotas created by the Bank of Japan. All of these factors led to a speculative asset bubble in Japans economy. In fact from 1985 to 1989, The Nikkei 225 which is the major Japanese stock market index…saw a 218% gain over that 4 year period. That was arguably the biggest bubble for a major economy in the history of the world. And of-course…in 1989, that bubble began to burst and the stock market crashed. And it crashed so hard that to this day, the closing price of the Japanese stock Market has never surpassed the peak that it reached in 1989. And this crash radiated throughout the japanese economy.Unemployment spiked, GDP growth went negative, and a ton of giant companies were left with tons of debt, and little to no revenue to pay back that debt. And this was the creation of what became known as zombie companies.
What happened was that a large portion of japanese companies were loaded with debt and could not pay back their debt in full…but could pay back essentially the bare minimum to keep the company alive. And what this meant was Japanese companies had to take on more debt or get bailed out by the Japanese government in order to get by. But the trouble was, that even though many corporations got bailouts or took on additional loans…these companies were too debt ridden to survive in the long term. So pretty much these companies were loaded with debt, and were already dead, but were acting as if they were alive. And that is why they were called zombie companies. And the creation of these zombie companies were the largest contributing factor to Japans economic decline over the following decade. A decade that would become known as “the lost decade”.
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I don't know where you get your information, but it comes off like "Fear Mongering". The EU will not become the new super state as its cultures are far too disparate. It is falling apart now just because of that scenario. Europe is beholding to Russia for energy, which puts Russia in the drivers seat, and when Europe collapses Russia will be there to pick up the pieces, as will China with South East Asia.
Russia has not tied its tether to the US and being one of the main parties of the BRICS Nation collective along with China only they will be able to stave off financial armagedon. Remember that Gold has been heading East to such an extend that it is feared that our Fort Knox has no free gold that has not already been promised. It is believe that China now has enough Gold to back their Yuan, while the USA has nothing to back ours but trust. AND when our economy goes bust they'll quickly find out that there is nothing with which will adequately backing our over inflated dollars.
Spend a little more time researching the alternative press, if you want to get information that is not conflated by the MSM.
I HAVE HEARD THIS MESSAGE SOOO MANY TIMES OVER THE PAST 8 YEARS THAT I CAN PUKE. FOR GOD'S SAKE I WISH THIS WAS TRUE SO THAT WE CAN GET ON WITH IT. PLEASE DONT KEEP PUTTING PEOPLES HOPE UP WITH SUCH PROPAGANDISTIC STATEMENTS. WE KNOW IT WONT COLLAPSE. PLEASE SEND ME AN EXMAIL WITH YOUR EXCUSE AFTER THE 27 SEPTEMBER AS TO WHY IT DID NOT COLLAPSE. I AM FRANKLY SICK AND TIRED OF THIS CRAP AND WISH U GUYS WONT PUBLISH SUCH RUBBISH.