James > I now believe that Ben Laden engineered 9/11 to bring the one billion Muslims together in his efforts to destroy the US economy.
I suppose everyone has their own opinion both on bin Laden and the US economy. In my opinion, bin Laden, and that's if he is still alive, probably didn't have much to do with anything, and certainly not 911. I am one of those who believes that 911 was a "false flag" operation which was brought about by certain high-ups in the US government. As far as the US economy is concerned, I believe what we see now is the continuation of the debt-money-printing-live-beyond-your-means process which started in 1971 when Nixon took the dollar off the gold standard by refusing to honor USD debt with gold, or even earlier.
fact-index.com
>>Starting in the 1950s, the United States began running persistent trade imbalances which created liabilities in the United States to other central banks, and beginning in the early 1960s, the United States no longer had sufficient gold to cover liabilities to other nations. To help alleviate this problem, the United States Congress on March 18, 1968 repealed the requirement for a gold reserve to back US currency. However US dollars could still be converted to gold. This became a serious problem in the early 1970s when a lack of confidence in the U.S. dollar led to mass redemptions of US dollars for gold. As a result, the United States went off the gold standard on August 15, 1971 when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value.<<
> I believe that Russia will play a role to protect their ruble and come out as the protector of Iran and we will lose our role as the world's reserve currency.
Yes, Russia, like all nations, except apparently the US, has to do what it can to protect the value of its currency. Iran is a wealthy, oil-rich country which is of strategic importance to Russia. One cannot hold it against Iran if it chooses to be closer to Russia. And I agree, if the economic threats against the USD persist, or it actually devalues further, it could very well lose its reserve currency status -- certainly its status as the sole reserve currency.
> Anyone who remembers the breakup of Russia and how it effected the Russian people with scarcity and hunger is looking at a future picture of America, imo
Yes, but that would only be a very late development. The US is still a very rich country.
> I have heard that everything is in place to bringing out the Gold Dinar and that the Muslims will be moving their major holdings out of London and placing them in a tax free Iran, who will be protected by Russia. This will be the final blow to the $USD.
Let's wait and see about that. Saudi and the Persian Gulf states are still very close to the US and none want "regime change" like happened in Iraq. |
