Thread: Collapsing US$ Is All Obama's Fault - NOT!!!

The organized criminal enterprise called "the Obama administration" shares enough blame to sink the nation, but the present plunderers are not at fault alone. Here is a dollar value timeline from 1900 to 2011 which includes food and fuel.



The steepest declines were during WWI and WW2 (1914-1918 and 1939-1945), when prices went up as war dragged the consumer economy down. Now look at the same graph on a logarithmic scale, which better illustrates changes in the smaller values.



This second graph shows the decline during the heaviest involvement in the Vietnam War (1968-1975), followed by the Carter years (1977-1980). The involuntary charity by taxation that began in the LBJ administration (1963-1968 ) decreased during the Reagan administration, which coincided with a stable and reduced rate of devaluation of the dollar (1981-2001), resulting in more jobs for the poor and more prosperity for everyone else. That flatter slide extended until 9/11 (with a lot of help from rearranging the accounting of Social Security and Medicare during the Clinton administration).

Even the war against Is|amist terrorism (from 2002 until) has not significantly changed the RATE of decline in the purchasing power of the U.S. dollar. But the steady decline of 100 years is increasingly catching up with us, as the U.S. now faces:

1) the increased expense of Medicare and Social Security for post-WWII baby boomers;

2) the reduced government income from taxes because of off-book wages paid to illegal aliens and the off-shoring of industry, most of all to Mexico, China, and other Asian countries from India eastward;

3) the staggering federal debt, currently

or $16.8 trillion, and increasing each year by a deficit of $1.4 trillion, backed by the full faith and credit of the American people, who are already over their heads in consumer debt to the tune of over $11.38 trillion (although 71.6% of that is in mortgages, backed by real assets); and

4) the imminent threat of the declining U.S. dollar being replaced as the world's reserve currency, the international means of exchange, by Special Drawing Rights (SDRs), the International Monetary Fund's reserve asset used for settling accounts between countries. The SDR is not a currency or a hard asset, just a number value based upon the daily value of a composite of the U.S. dollar ($), the euro (€), the U.K. pound (£), and the Japanese yen (¥), in percentages proportional to the relative amount of exports and the relative amount of the other countries' currency held in reserve, as determined daily by the IMF, which holds no SDRs.

Dumping the dollar for SDRs would so reduce the demand for U.S. dollars as to immediately devalue the dollar by about a fourth. This would be bad for the U.S., and for China, which holds between 1½ and 2 trillion dollars of U.S. debt, but IMO, a windfall for other countries.

So the deteriorating economic condition of the U.S. is not ALL Mr. Obama's fault. 90% can be laid at the feet of the Eurocentric OWG elites, the predatory lenders and Shylock banksters of the FED and the IMF, and the tycoons of business and industry who consider the U.S. Treasury their petty cash box and who confuse the Federal budget with their own income statements. In 1971, Pres. Nixon made the U.S. dollar fiat money only, accruing 90% of the responsibility for the dollar becoming first a floating, then a sinking currency. Then again, 90% of the censure must go to Congress for such a hundred year spending spree as to give drunken sailors a bad name.

Another 90% is simple guns and butter: the effect of war draining the life out of a consumer economy, just for the nation to survive. 90% more of the blame belongs to Is|amist terrorism and the chilling effect of being in Is|am's cross-hairs. Nation of Is|am terrorists killed 23 and injured 5 more in the nine months between July 18, 1973, and April 16, 1974. In 1979, when Shi'ite extremists took over the U.S. Embassy in Tehran, Iran declared war on the U.S. and has never ceased fire. The Mus|im Brσthεrhood and its nieces and nephews have been attacking America and Americans since April 18, 1983, when an Is|amic Jihad suicide car-bomber destroyed the U.S. embassy in Beirut, Lebanon, killing 63, including 17 Americans. Other events and conditions have also contributed, bringing the total guilt to well over 500%.

With that much blame for the status quo (the mess we're in) already accounted for, even the truth-challenged speaker in this YouTube could hardly claim that the dollar's demise was ALL Mr. Obama's fault.



But he could be the fall guy who will be left holding the bag when the gates
crash open and the music stops, at the end of the Party of 100 Years.