The dollar is losing its power as the reserve currency of the world. In other words, the American empire of debt is coming to an end.
-------------------------
Financial Times, September 22,2009 "After months of threats, President Mahmoud Ahmadinejad has decided to replace the dollar with the euro in its oil stabilization fund. He did so under recommendation by the funds directors."
Brazil recently agreed to trade with China in yuan, not dollars. This is one more nail in the coffin of the US dollar.
-------------------------
Just as a bank will ultimately cut your line of credit, the world is beginning to cut its line of credit to the US.
The world understands what President Obama means when he says, "Quantitative easing."
Quantitative easing is government jargon for printing money.
The words "quantitative easing" may fool unsophisticated people, but people with financial knowledge know what is going on. Smart people know that cash is trash.
If the US keeps printing money rather than solving our problems, the dollar "may" deteriorate as the reserve currency of the world and become laughing stock of the world. Is this the object of the conspiracy?
When the Fed was asked what it has done with over two trillion dollars, the Fed answered that US citizens have no right to question or audit the Fed.
The Roman Empire collapsed when it began shaving the edges of gold and silver coins and mixing them with cheap base metals such as copper.
In the name of power and greed, the Roman Empire cheated its own people.
All empires collapse when governments begin playing games with their money supply.
The President of Iran may not be popular, but he is not stupid when it comes to money. Like the leaders of China and Brazil, they do not want to be victims of the Conspiracy of Rich, nor should you.
