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. . . that I should bear witness unto the truth. John 18:33 // David E. Robinson, Publisher
. . . if the trumpet give an uncertain sound, who shall prepare himself for battle? I Corinthians 14:8
No.167
07/16/12
exchange reserves that made the collapse a matter of time. What we are seeing in the West is the same. The money making machine at the Federal Reserve Board has been closed down so collapse is inevitable. Think of it as the following: a high flying Wall Street Trader has been fired. He has enough money from his golden handshake and savings to keep on going as if nothing has happened. However, you notice that he has begun to sell off his sports cars and art collection. He has also been borrowing money from banks but he is now fully mortgaged out so he has had to borrow from friends. That has also hit bottom so he has begun hitting non-bank financial companies and loan sharks for money. He has also been writing checks that he knows will bounce (think of the 19 announcements that the euro crisis has been solved). If you are watching all this from the sidelines, you will know that it is not long before the Wall Street high flier will be moving out of his fancy digs. The situation in the Western world is very much like what has been described above. For the past 30 years the United States and Europe (as a whole) have
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export factories is not being spent on Western IOUs. The Chinese have been taking their dollars and spending them all over the world on real things like realestate, commodities and factories. Other countries have begun to do the same. What this means is that both the EU as a whole and the United States are now bankrupt but are refusing to admit it. In the case of the EU, the member countries have been announcing that they will print Euros in order to get themselves out of their crisis. The problem, of course, is that the European central bank does not have the legal right to print any more Euros. There is a similar situation with the US. Many readers, at this point, will object and say that both the US Federal
Reserve Board and the European Central Bank have announced massive money printing schemes. The question is then, where did all this money go? The answer is that it was blocked every time. Who is doing the blocking? The answer is the 147 nations that are tired of NATO mass murder and invasion. They can tell the Bank for International Settlements, the BIS, to block the money and they do. In the case of the United States, a slightly different situation exists. The US is in deeper debt to the rest of the world than the European Union. So far, the Chinese have been keeping them going because a US trade deficit with China is in Chinas long term geopolitical interested. The more US dollars they get that they can spend in Asia, Africa or South America (but not Europe and the
US) the more friends and influence they get around the world. The result already has been that the Chinese are perceived by the rest of the world as arriving with bags of money and business plans while Western nations arrive with guns and plans for mayhem. Guess who is losing and who is making friends in these circumstances (hint; hint: not the Westerners). The big blockage remains on Asians and other countries being allowed to spend their money in Europe and the US without impediment. If such becomes possible, Europeans and Americans will be hired in large quantities to engage in a massive campaign to end poverty, stop environmental destruction and start a new age!
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