Chinese Looking to Topple U.S. Dollar?

We have posted about this many times, so for a quick review...the U.S. Dollar is the world's reserve currency.  That means that every other currency pegs its value off the U.S. Dollar.  It also is the currency that is needed to buy oil.  So if you are China and want to buy oil from Iran....you need to use U.S. Dollars.

This has given us a HUGE advantage since we got this privilege in 1944...because we own the printing press to the currency that everyone else needs!!

So if you were China and looking to have a bigger place on the global stage...what might you want?  Well, you might want to get rid of the U.S. Dollar and replace the demand for it with your own currency.

On the global financial stage, China is playing chess while the U.S. is playing checkers, and the Chinese are now accelerating their long-term plan to dethrone the U.S. dollar.  You see, the truth is that China does not plan to allow the U.S. financial system to dominate the world indefinitely.  Right now, China is the number one exporter on the globe and China will have the largest economy on the planet at some point in the coming years. 

Today, the U.S. financial system is the core of the global financial system.  Because nearly everybody uses the U.S. dollar to buy oil and to trade with one another, this creates a tremendous demand for U.S. dollars around the planet.  So other nations are generally very happy to take our dollars in exchange for oil, cheap plastic gadgets and other things that U.S. consumers "need".

Major exporting nations accumulate huge piles of our dollars, but instead of just letting all of that money sit there, they often invest large portions of their currency reserves into U.S. Treasury bonds which can easily be liquidated if needed.

So if the U.S. financial system is the core of the global financial system, then U.S. debt is "the core of the core" as some people put it.  U.S. Treasury bonds fuel the print, borrow, spend cycle that the global economy depends upon.

That is why a U.S. debt default would be such a big deal.  A default would cause interest rates to skyrocket and the entire global economic system to go haywire.

Unfortunately for us, the U.S. debt spiral cannot go on indefinitely.  Our debt is growing far, far more rapidly than our GDP is, and therefore our debt is completely and totally unsustainable.

The Chinese understand what is going on, and when the dust settles they plan to be the last ones standing.  In the aftermath of a U.S. collapse, China anticipates having the largest economy on the planet, more gold than anyone else, and a respected international currency that the rest of the globe will be able to use to conduct international trade.

And China is not just going to sit back and wait for all of this to happen.  In fact, they are already doing lots of things to get the ball moving.  The following are 9 signs that China is making a move against the U.S. dollar...

See all 9 signs here;  http://www.zerohedge.com/news/2013-10-18/9-signs-china-making-move-against-us-dollar

What??  In the aftermath of a U.S. collapse??  That could never happen!!  This is America!!

There is a guy at the office that continues to say, "China needs us a lot more than we need them!  They could never do anything to harm us because it would decimate them."

Really??

So let's say that China cashes in it's $1.2 trillion in IOU's and demands payment right now.  Let's say it leads to extreme hardship in USA (collapse) and even more hardships in China.  WHO DO YOU THINK could survive better eating chickens and living in cardboard boxes....Chinese or Americans?  So who would that leave sitting on the top of the hill when all the dust clears??

I believe it is becoming more obvious all the time that God is finished with the USA.  He grew us up and blessed us so that we could help protect Israel.  But now that God is getting ready to work with Israel Himself....maybe America is already fading away....

Stenographer says God Told Her to Say Those Things

In a follow up to yesterday's post, we have this info coming out today.

The Holy Spirit made her do it.

The court scribe who went on a crazed rant about the Constitution, religion and Freemasons after Wednesday’s vote to reopen the government said God spent the shutdown urging her to speak her mind.

“For the past 2 and ½ weeks, the Holy Spirit has been waking me up in the middle of the night and preparing me (through my reluctance and doubt) to deliver a message in the House Chamber,” stenographer Dianne Foster Reidy told Fox News’ Chad Pergram in a statement.

“That is what I did last night.”

“He will not be mocked. He will not be mocked – don’t touch me – he will not be mocked,” Reidy shouted as stunned lawmakers tried to calm her and pull her away from the podium.

“The greatest deception here is this is not one nation under God.  It never was…the Constitution would not have been written by the Freemasons. They go against God,” Reidy said.
“You cannot serve two masters!’

Reidy, a married mom of two young daughters who makes $126,050 a year at her House steno gig, is a fan of several Christian-oriented groups, including the evangelical In Touch Ministries, led by TV preacher Charles Stanley, according to her Facebook profile.

Here;  http://nypost.com/2013/10/17/crazed-court-reporter-is-evangelical-facebook-fan/

So was she a crazy woman who lost control of her tongue and her wits?....OR...Was this actually a message from God delivered through a simple servant?

After reading her comments, I am going to go with the later.

Lord, have mercy.

"You Can't Serve Two Masters!"

Have you guys seen the outburst from the Congressional podium that happened last night?  It seems that an otherwise quiet stenographer went to the microphone and she started saying things like, "Thus sayeth the Lord." and, "You can't serve two masters!"  Of course that comes from Jesus himself when he says that you can't worship God and money. (Mammon)

Stop right there.....clearly who does America worship??  Mammon.

Anyway, she then goes on to start saying something about the Masonic influence in writing our Constitution.

See it here;  http://foxnewsinsider.com/2013/10/17/stenographers-bizarre-outburst-during-house-vote-stuns-congress-members

And here;  http://www.theblaze.com/stories/2013/10/16/something-really-bizarre-happened-on-the-house-floor-after-vote-on-budget-deal-you-cannot-serve-two-masters/

She finishes up with saying something about praise be to Jesus Christ.

So was this just a crazy woman who had a nervous breakdown?....or is it something prophetic and somehow God was involved in sending this strange message as a harbinger of pending judgment?

Watch the video and decide for yourselves what this was all about.

The Slippery Slope to Pedophilia

Could any of us have imagined 20 years ago, that gay marriage would be sweeping the nation?

And now many of us ask, "What's next?"

How about the unfairness that gays get to marry but that bi-sexuals have to CHOOSE only one sex to marry??  What???  That is SO UNFAIR!!  They were born that way too!!  They can't change their nature so why should society make them conform to some state of "normal"?

How about the unfairness of society saying the men can only marry one woman?  Who the heck invented that stupid rule??  It is very clear by observing nature that almost ALL animal species consist of a male copulating with multiple females.  We were BORN THAT WAY!!  What kind of society would make men ignore their natural desires??

Think it won't get any worse?....check out what the LA Times recently wrote;

On January 14 of this year, the Los Angeles Times ran an article entitled, “Many researchers taking a different view of pedophilia: Pedophilia once was thought to stem from psychological influences early in life. Now, many experts view it as a deep-rooted predisposition that does not change.” (Emphasis in original.) The piece starts out with a story about one Paul Christiano, who, as a young child, was fascinated by girls and loved “how their spindly bodies tumbled in gymnastics,” wrote the paper. We’re then told that while Christiano grew up, his sexual tastes didn’t: He remained tormented by an attraction to pre-pubescent girls. Christiano is the “sympathetic character,” mind you, the hapless soul meant to put a human face on pedophilia. But now consider what he said about unsuccessful court-ordered therapy he was forced to undergo after being caught with child pornography in 1999. As the Times reported, “‘These people felt they could snuff out the desire, or shame me into denying it existed,’ he said. ‘But it’s as intrinsic as the next person’s heterosexuality.’”

See awesome article on the slippery slope here;  http://thejacksonpress.org/?p=11326

Holy nightmare!! 

You see friends, once the evolutionists can convince the world that humans are really just animals...we certainly don't condemn the tiger for eating the deer....and so we certainly CAN'T condemn a man for doing what comes naturally!!

On a side note...have any of you ever witnessed Mallard male ducks harassing and raping a lone female duck?  Let's just say that the female doesn't appear to be enjoying the aggressive courtship.

So should we be surprised if at some point in the future gang raping a female (Egypt?) is really deemed to be normal?

It's a MATH Thing....

Many of us own our own homes.  What if we were allowed to cancel our homeowners insurance so we could save the $1000/yr premium and use it for other things like a vacation or a down payment on a new truck?  Cool!!  There is no one to stop you from doing that IF you own your home outright.

So what happens if the garage starts on fire??  Should you be allowed to call your insurance agent on your cell phone and quickly put the policy back in force so that when your house burns down the insurance company will owe you $400,000 to rebuild it?

That sounds silly, right?

How about life insurance?  What if you were a 500 pound diabetic woman who was pregnant and smoking one pack per day of Camel cigarettes??  Should the life insurance company be FORCED to give her life insurance today??  Furthermore, should she expect to pay the same premium as a 140 pound, healthy, non-smoking woman??

Of course not!!  It's a math thing.  You can't FORCE an insurance company to take risks and not be compensated for them...

You can't force an insurance company to write a $1 million of life insurance on a woman who is laying on her death bed.

Well, you can if you are a new medical system called Obamacare...

Watch Dave Ramsey explain it here;  http://poorrichardsnews.com/post/63737924453/video-dave-ramsey-lays-out-the-facts-of-obamacare-for

So with the U.S Government already $17,000,000,000,000 in debt and rising at $1 trillion per year....who do you think is going to end up paying for the 500 pound, pregnant diabetic lady who demands coverage under Obamacare?

Yep...somehow this whole thing is going to fall back on the taxpayer...and maybe lead us to the slaughter even faster...

China Says a "De-Americanized" World is Needed

It's another sign that we can file in the "NOT SO GOOD" column.  You don't want to have the country you OWE $1.2 trillion dollars to saying publicly that they want to "De-Americanize" anything!

Also, please watch for the phrase, "New World Order" to be mentioned by the Chinese official.

Beijing (AFP) - While US politicians grapple with how to reopen their shuttered government and avoid a potentially disastrous default on their debt, the world should consider 'de-Americanising', a commentary on China's official news agency said Sunday.

"As US politicians of both political parties (fail to find a) viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanised world," the commentary on state news agency Xinhua said.

In a lengthy polemic against American hegemony since World War two, it added: "Such alarming days when the destinies of others are in the hands of a hypocritical nation have to be terminated.

"A new world order should be put in place, according to which all nations, big or small, poor or rich, can have their key interests respected and protected on an equal footing."

"Instead of honouring its duties as a responsible leading power, a self-serving Washington has abused its superpower status and introduced even more chaos into the world by shifting financial risks overseas," but equally stoked "regional tensions amid territorial disputes, and fighting unwarranted wars under the cover of outright lies" the commentary said, referring to Iraq.

It added that emerging economies should have a greater say in major international financial institutions the World Bank and International Monetary Fund and proposed a "new international reserve currency that is to be created to replace the dominant US dollar".

China has only slightly more weight than Italy at the IMF, which has been headed by a European since its creation in 1944.

A governance reform has been in the works for three years but its implementation has been blocked by the effective veto of the United States.

Here;  http://news.yahoo.com/americanised-world-needed-us-shutdown-china-media-053014967.html

Yes!!  That's what we need!!  A new world order where everyone gets treated equally!!...where every country, no matter how poor or rich, how big or how small, can all be equal and protected!!!

What????  Protected by WHO??

 Ummm...sorry China....that's not how the game is played on planet earth.  Powerful countries ALWAYS get to make the rules.  Remember how you bulldozed thousands of people's houses to make the Olympic Stadium in Beijing??  Remember how you relocated millions to make that huge damn on the Yangtze and didn't pay them anything to flood their land??  So you used your power to do whatever the heck you want to do!

The USA has done the exact same thing since we won WWII.  We protect OUR INTERESTS and if that happens to be good for other countries....so be it!  If it's bad for other countries, well then we just call it "collateral damage".

Now let's suppose for a second that USA starts to default on some of our promises and the confidence starts to wane in our financial system....now let's say China lays $1.2 trillion of debts we owe them right on our door step and says, "Pay up!"  At the same time Russia lays $800 billion we owe them at our doorstep and also tells us to "pay up!".

How we would pay them the $2 trillion we owe them?

Holy tumble-from-the-top-of-the-hill!!  America would start to shake!!  The earth's entire financial system would start to shake because of the $trillions of derivatives that are made by pasting together instruments based on the U.S Treasury bonds!!  It could be a collapse the likes of which the world has NEVER SEEN!!

Of course we know this HAS TO HAPPEN since it will usher in a new world order along with a new financial system....most likely the new system will be cashless...and it will require a mark on your arm or you forehead in order to tap into the system and buy or sell anything.

Even so....come Lord Jesus!!

Social Security Increase to be Lowest in Years

Back in 2009, any American could walk into any Wendy's fast food chain and order off the dollar menu.  I used to order a sour cream and chive baked potato, a small bowl of chili and a Caesar side salad and each item cost $1.

Today if you go to the same Wendy's and order the same exact food, you will discover the potato costs $1.69, the chili is $1.49 and the salad is $1.59.  Now you do the math on what kind of inflation factor that equates to.

It seems everything, except TV's and computers, is getting more expensive...but yet the government insists that it's not.

WASHINGTON -- For the second straight year, millions of Social Security recipients, disabled veterans and federal retirees can expect historically small increases in their benefits come January.

Preliminary figures suggest a benefit increase of roughly 1.5 percent, which would be among the smallest since automatic increases were adopted in 1975, according to an analysis by The Associated Press.

Next year's raise will be small because consumer prices, as measured by the government, haven't gone up much in the past year.

The exact size of the cost-of-living adjustment, or COLA, won't be known until the Labor Department releases the inflation report for September. That was supposed to happen Wednesday, but the report was delayed indefinitely because of the partial government shutdown.

Advocates for seniors say the government's measure of inflation doesn't accurately reflect price increases older Americans face because they tend to spend more of their income on health care. Medical costs went up less than in previous years but still outpaced other consumer prices, rising 2.5 percent.

"This (COLA) is not enough to keep up with inflation, as it affects seniors," said Max Richtman, who heads the National Committee to Preserve Social Security and Medicare. "There are some things that become cheaper but they are not things that seniors buy. Laptop computers have gone down dramatically but how many people at 70 are buying laptop computers?"

The cost of personal computers dropped by 10.6 percent over the past year, according the CPI-W.
That's a small consolation to Alberta Gaskins of the District of Columbia, who said she is concerned about keeping up with her household bills.

"It is very important to get the COLA because everything else you have in your life is on an upward swing, and if you're on a downward swing, that means your quality of life is going down," said Gaskins, who retired from the Postal Service in 1989.

Here;  http://www.dallasnews.com/news/local-news/20131013-social-security-raise-to-be-among-lowest-in-years.ece?nclick_check=1

Friends, in the real world a few of my clients who retired from General Mills and Honeywell had pension plans.  They are probably only 2 out of 100 that actually still HAVE pension plans.  And guess what?  THERE IS NO COLA on ANY PENSION PLANS in the private sector.

So why should Social Security and/or Federal Employee Retirement have Cost OF LIVING ADJUSTMENTS? (COLA) 

Don't we already know that the whole system is hopelessly bankrupt...and as we near the end of this starving program....those of us who are still paying have to know that we have little chance of ever seeing that money come back to us.

To hear the Democrats talk, they say, "This program is wildly popular with American voters."

Really?  Ask the voters age 45 and younger how they feel about this?

As we have said numerous times;  Social Security was originally designed to pay for a retired worker (singular) at age 65 WHEN THE LIFE EXPECTANCY IN THIS NATION WAS 65.  So now that we are living to 85, did we really believe that we could retire EARLIER (now retirees can get benefits at age 62) and keep the payments coming, with increases, for 20 years longer?? 

Plus now they have expanded WHO GETS PAID so now widows, wives, children and disabled people also collect from Social Security....so they have quadrupled the number of payees while at the same time putting a COLA on the entire thing!!  How can that possibly work??

"But Dennis!  I depend on Social Security and I NEED the government to continue that plan!!  I don't care whose money they have to take to keep it going....just keep it going as long as I'm alive!"

Really?  Do you care if they take your grand kid's money even knowing full well he may never see a dime come back to him?

"But Dennis!  They are just giving me back ALL MY MONEY THAT I PAID IN!"

No.  Your money that you put in is already long gone.  It went to your parent's first and then any remainder was to go into a SS TRUST FUND so there would be money to pay out in the future.

Ponzi schemes are always fun for the first people who get into the 'program'....but they are always miserable for the last folks in.

Why should the government have pension plans with COLA when NO ONE in the private industry sector offers pensions with COLA?  Is it because the government can MANUFACTURE ITS OWN MONEY?....so people believe they deserve to have COLA??

Strange times.

Here is what I do know.....this "program" will go bust some day.  There is NO MONEY in the Trust fund....that money was borrowed by the Federal Government many years ago...so the ONLY THING in the Trust Fund is IOU's issued by the Federal Government....and now with them shut down and fighting over whether to raise the debt limit....how much faith and confidence do you have in those IOU's sitting at the Social Security headquarters?