The sovereign debt
across the eurozone is about 80 percent.
America's is 10 percentage points higher.
According to the Obama administration,
America's public debt will soon exceed
100 percent of GDP.
Add to that
more than $100 trillion in unfunded liabilities.
There is no way
this can ever be paid;
in the long run, the dollar is a dud.
So why are central banks
and investors buying dollars now?
The answer is simple :
Doomed though it may be long-term,
the dollar seems the best alternative at the moment.
It all boils down to this :
Where do you store your excess wealth?
Or to put it differently,
what do you use as your store of value?
In the past, the answer was simple.
Kings and wealthy people
had their liquid wealth primarily in gold.
If you were rich, you got yourself
a pile of gold, and that was that.
Gold was where you kept your
money, because gold was money.
After World War II,
governments ceased to use gold as money.
Instead,
they agreed to use the U.S. dollar
as the anchor for their currencies.
The value of national currency units
was no longer set by the amount of gold
for which it could be exchanged, but by
their exchange rate against the dollar.
The dollar itself could be redeemed for gold.
This is how the dollar
became the world's reserve currency.
Then, in 1971,
Richard Nixon took the dollar off
the the last vestiges of the gold standard.
The rest of the world
grumbled, but they still retained
the dollar as the reserve currency.
The dollar in effect became the new gold standard
http://www.americanthinker.com/2010/06/the_worlds_money_problem.html
Who Is Running America?
The Bankruptcy of America,
the Corporate United States,
and the New World Order
Who is running America?
Have you ever asked that question?
Under the doctrine
of Parens Patriae,
"Government As Parent", as a result
of the manipulated bankruptcy of the
United States of America in 1930,
ALL the assets of the American people,
their person, and of our country itself are
held by the Depository Trust Corporation
at 55 Water Street, NY, NY, secured by
UCC Commercial Liens, which are then
monetized as "debt money" by the
Federal Reserve.
It may interest you to know
that under the umbrella of the
Depository Trust Corporation
lies the CEDE Corporation, the
Federal Reserve Corporation, the
American Bar Association, the legal
arm of the banking interests, and the
Internal Revenue Service, the system's
collection agency.
Now you know who is running America!
You might want to take exception
to the name on the marquee at
the entrance to 55 Water Street.
. . . "Tower of Power" . . .
Did you ever hear of
the Independent Treasury Act of 1920?
The Independent Treasury Act of 1920
suspended the de jure (meaning "by right
of legal establishment") Treasury Department
of the United States government.
Our Congress turned the treasury department
over to a private corporation, which when seen
in its true light, is a fascist monopolistic cartel, the
Federal Reserve and their agents.
The bulk of the ownership
of the Federal Reserve System,
a very well kept secret from the
American Citizen, is held by these
banking interests, and NONE is
held by the United States Treasury :
Rothschild Bank of London
Rothschild Bank of Berlin
Warburg Bank of Hamburg
Warburg Bank of Amsterdam
Lazard Brothers of Paris
Israel Moses Seif Banks of Italy
Chase Manhattan Bank of New York
Goldman, Sachs of New York
Lehman Brothers of New York
Kuhn Loeb Bank of New York
The Federal Reserve is at the root
of most of our present statutory regulations,
"laws", in the control and regulation of virtually
all aspects of human activity in the United States,
through successively socialistic constructions laid
upon the Commerce clause of the Constitution.
Basically, the Federal Reserve
is the "STATE" of the United States
http://www.barefootsworld.net/usfraud.html
