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Forum Post: We Will Lose Our Reserve Currency Status

Posted 7 years ago on Dec. 1, 2011, 6:57 p.m. EST by Brandon37 (372)
This content is user submitted and not an official statement

and taxing the rich 500 percent will do nothing to stop this. Countries around the world are beginning to realize that we will never be able to pay back our national deficit. Countries around the world are beginning to refuse the American dollar. The consequences of this will cause hardships unknown to the American people.

This is a direct result of our spending problem in Washington. Meanwhile, we have a President who is quite content with continuing to spend. OWS needs to understand that tax increases will do nothing to stop this. In fact, it will make matters worse. The only way out is to slash our debt in ways most cannot comprehend.

If you are for more Govt, you are part of the problem - not the solution.

Here is a video that explains what we are up against if anyone is interested in taking a break from their bash the rich campaign.

http://www.stansberryresearch.com/pro/1108PSINEWVD/6PSIMA22/PR

16 Comments

16 Comments


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[-] 0 points by fjolsvit (957) from Washington, DC 7 years ago

The primary reason Iran is hated has to do with their central bank. It's doesn't kowtow to the Bank of England.

[-] 0 points by TLydon007 (1278) 7 years ago

We already cut spending.. And revenue... and the problem got much much worse.

The numbers don't lie.. You do, though.

[-] 1 points by Brandon37 (372) 7 years ago

Just stop. There is no denying how much Obama has added to the deficit. For every dollar we produce, 47 cents goes to China. No one is lying. OWS is choosing to ignore it.

15 trillion buddy. The world is losing confidence in American currency.

[-] 1 points by TLydon007 (1278) 7 years ago

Then lets tackle revenue problems at the same time...

No dice??

Well then you're just as brainwashed as I assumed.

[-] 2 points by Brandon37 (372) 7 years ago

We haven't come close to cutting our deficit. You are either lying, or completely unaware of how far in the hole we are. It doesn't matter which, you are wrong either way.

[-] -1 points by chaires (17) 7 years ago

pay off the dept. by taking everything the rich have. make them look for work , and do an honest days work- for a change.

[-] 0 points by Brandon37 (372) 7 years ago

Oh please. That is no solution and will never happen. What needs to happen is not a mystery. The problem is finding someone who will do it.

You tax the rich people are so lost and clueless on the situation. It's like trying to put out a forest fire with a water pistol. You do not have the first clue how far down the rabbit hole we are. Tax the people who don't pay any taxes. Stop spending. But of course you aren't for that. You are for the notion that someone owes you something.

We need to fix the economy. Not force someone to give up what they earned because you are jealous.

[-] -1 points by owsleader2011 (304) 7 years ago

OWS people don't have a clue about 'reserve currency' nor do they care, the first rule of OWS is history don't matter. If you want to understand the USDOLLAR you need to read "A primer on Money" ( GOOGLE ) a congressional report from 1964, this report came from a time that JFK wanted to kill the federal-reserve. Today we're way beyond the point of redemption for the US-DOLLAR its fucked. Perhaps in 5-10 years there will be NO US-DOLLAR, but I don't give a fuck, nor does the worlds population. Only people like you care about the US-DOLLAR. The sooner the dollar collapses the sooner OUR PEOPLE in the USA can be free. The ONLY thing that keeps the police state running is MONEY. Once the money is worthless the cops and prison-guards will come over to the people. I wait this time is coming soon.

There is ONE reason that the USA has reserve-currency status for the world, and that is OIL, the USA has a NUKE-GUN to the worlds head and forces them to buy/sell OIL in USDOLLARS, and the world is sick off this fucking SHIT.

[-] 0 points by 99thpercentile (94) 7 years ago

You really think we'll be freer when the economy collapses? Sure maybe there will be some anarchy which you might view as freedom but it will quickly be replaced by total tyranny as martial law is declared because of the riots and the food shortage.

[-] 0 points by owsleader2011 (304) 7 years ago

You don't understand when they can't pay the cops to imprison and beat we'll have freedom.

WHY are you FUCKHEADS so in love with the police state, if the US dollar is worthless then the cops go home, this is a good thing.

[-] 0 points by TommyNYC (730) 7 years ago

OK Einstein, how about this thought: If the US gov were to collapse, the corporations will just rule over us directly by hiring Blackwater-type security. Do you really think that the elites need the federal gov to have power over us? You're just too naive to believe. Keep eating up that GOP propaganda, sucker.

[-] 0 points by 99thpercentile (94) 7 years ago

The Soviet Union was poor. Did that make it freer? I'm not a fuckhead and I'm certainly not in love with the police state. When the US dollar crashes the government certainly won't just stand aside. It will become more brutal as is evidenced again and again throughout history. Hopefully people will have woken up enough by then so that they won't buy the lies. Poor countries have some of the most corrupt cops and military. They guarantee the enforcers income at the expense of the people. An economic crash will not make the cops "go home".

[-] 0 points by barb (835) 7 years ago

And how will martial law be paid for their services if the U.S. dollar collapses?

[-] 0 points by owsleader2011 (304) 7 years ago

Thanks barb, people simply don't understand the US government is a confidence scam,

All FBI and all cop's are counting on their retirement, guess what it ain't coming, there isn't going to be one, The #1 educational thing we need to do is a movement is to educate those that torture our children that they have no future under this system.

The #1 thing cops and prison guards care about is their retirement check, once they know its not coming all hell will break lose.

[-] 1 points by barb (835) 7 years ago

You got that right. I also might add is those cops and prison guards are every bit as corrupt as those believed of the immates.

[Removed]

[-] -1 points by alexrai (851) 7 years ago

Perhaps the Newt would volunteer, Sarah Palin could bring the guns....

...and they could use Romney for any missions taking place overseas, I'm sure he has plenty of experience going door to door selling unpopular ideas.