The end of the line for an international monetary system based on the “US dollar”

[Gringinho]

SouthAmerica,

in the end - it is ALL about trust - economic and social.
It IS a mixed economy after all, as we all know.

We saw the conception of US "shaping" with the Marshal Plan - and now that much of that debt has been repaid, and the Neocon onslaught to "claim their rights" without consent... has resulted in the erosion of the supporting pillar in the system flow - the trust and integrity of the whole conservative system.

The creation of "equity" from thin air through the commoditization of "everything", isn't bad - and it just creates more layer to an expanding world economy, but when you take away the fundamental trust of intent and economy - it collapses. This is what is happening. Corruption leads to greatness/domination and then destruction/change - it is an ongoing cycle on many levels.

Europe has a much stronger egalitarian form for building trust than the Neocon priesthood and insiders of the US, so they also have the democratic processes intact - i.e public support and trust. Thus Europe is much more conservative in handling its socioeconomics.

 

[fearless9]

For years now (pre 9-11 in fact) I have held the believe the US should pursue three linked objectives with all it's heart and energy.

... develop a localised renewable energy.

... develop ultra low cost robotic manufacturing and distribution.

... develop enduring friendships internationally.


regards
f9

 

[SouthAmerica]

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September 22, 2008

SouthAmerica: Reply to Gringinho

I agree with almost everything that you said, but I don’t agree with the following:

You said: “The creation of "equity" from thin air through the commoditization of "everything", isn't bad”

It is bad when the commoditization is based in garbage as in the sub-prime mess.

In the process they turned the entire US financial system into a sub-prime financial system.

Who knows which US financial institutions are going to be standing 5 years from now as a result of greed going completely out of control and a system built on top of quicksand?

Five years from now we might look back and wonder what happened to the entire US financial system and why nobody was watching the store?

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[jprad]

Quote from Gringinho:

I watch a lot of Deutshe Welle and read other trend-following media of Germany and Europe.

Then stay tuned. You'll be watching and reading about the implosion of Russia and those other banana republics long before their media publishes the US' death certificate.

"History doesn't repeat, but it does rhyme."

- Mark Twain

 

[fearless9]

Quote from jprad:

Then stay tuned. You'll be watching and reading about the implosion of Russia and those other banana republics long before their media publishes the US' death certificate.

"History doesn't repeat, but it does rhyme."

- Mark Twain

How can that be.
Russia does not grow bananas ... too cold.

regards
f9

 

[John_Wensink]

It will be funny when the Chinese house of cards crumbles because they have no infrastructure and prove you completely wrong once again.

How many times are you going to beat your head against a brick wall until you realize it hurts?

Quote from southamerica:

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Correction: On the above posting I misspelled the following word: Stamped

Should read: Stampede

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[Gringinho]

Quote from fearless9:

For years now (pre 9-11 in fact) I have held the believe the US should pursue three linked objectives with all it's heart and energy.
... develop a localised renewable energy.
... develop ultra low cost robotic manufacturing and distribution.
... develop enduring friendships internationally.
regards
f9

You are talking about sustainable development...

 

[Gringinho]

We are now witnessing the start of stricter resource controls because of the failing of trust internationally.

Brazil does not want to join OPEC, because they want to do the refining themselves. That means more of the "loop" in Brazil.

Russia also is big on resources, and are developing very fast. They also will enjoy enormous benefits.

China has resources - but primarily "human resources" in manufacturing, services etc. There is NO stopping them.

The US has a great population and lots of innovation, but have absolutely lost their "edge" - and now any TRUST that was left.
This major change resulting in new economic adaption throughout the world economy was brought because of greedy corruption.

 

[fearless9]

Quote from Gringinho:

You are talking about sustainable development...

Precisely sustainable and marketable in modules to commodity countries like south/central america.

It would be a generational leap over asia
and it would reverse the dollar deficit in one move.

It would reinstate US to the top of the ant heap for years to come.

regards
f9