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gfp927z

07/01/08 9:36 AM

#18660 RE: myostrain #18657

Myostrain, OT - The inflationary mindset that has propelled commodity speculation is a direct result of the Fed's aggressive expanison of the money supply. The Fed has been growing the money supply (M3) by an estimated 15-17% per year since 2001 (the Fed conveniently stopped publicizing M3 in 2006). It doesn't take an economist to see that this will create massive inflation, and destroy the value of the dollar. Think Germany in the early 1920's, Hungary in 1946, etc.

The big question is whether the Fed is deliberately torpedoing the dollar to justify bringing in the new North American currency (Amero). For years, globalist publications have been openly talking about their desire for this regional currency, to be patterned after the Euro. Similar regional currencies are being set up for South America, Asia, and Africa, with the long term goal being to merge these into a single unified global currency.

The Middle Eastern oil producers are also setting up a common currency in 2010, which will end the requirement that global oil purchases be done in dollars. This will remove one of the legs under the stool that has been propping up the dollar. Countries everywhere are looking to get out of their dollar holdings. This has staggering implications for investors, to say nothing of what it means for the future of the US.