BIG PIMPIN'

by Malik Isasis






















OPEC and the multinational oil companies that extract their oil has the world in a head lock as the price for a barrel of oil reaches a $100 a barrel. If some of the OPEC members have their way and switch to the euro from the dollar as a reserve currency, we could expect the price of oil to reach $200 dollars a barrel due to the precipitous fall of the dollar.

Bush’s ineptitude and concerns of raping and pillaging the Middle East has left the United States’ economy in shambles. Another world currency has surpassed the dollar. The Canadian dollar overtook the dollar for the first time since 1976/77. Not that currency parity is a bad thing, but Bush’s preoccupation with death and destruction, ironically has resulted or will result in the destruction of the United States’ economy as Bush and Co. put the trillion dollar war on the credit card.

OPEC expects profits and if the reserve currency is devalued, the price has to be inflated to keep up with the world currencies that are surpassing the dollar. Robert McHugh of Financial Sense predicts that the dollar will lose 50% its value based on insurmountable debt.

Artificial Economics, the brainchild of the Master Planners, has focused on building an economy where debt — not income — pays for goods and services. The emphasis upon debt instead of income via hyper-inflating the money supply in stealth fashion, has destroyed the dreams of millions of Americans. Artificial Economics is a silent economic disease. A coming significant devaluation of the dollar is a likely and necessary consequence.

Reagonomics

As the Republicans debate on CNN this week, watch for them to wax nostalgic about the grandfather of Artificial Economics, the late President Ronald Reagan and his Reaganomic policies that raised the national debt from $700 billion to $3 trillion during his tenure and set the trend for a debt-driven economy.

Bush's father who served as Vice President and subsequently as President held onto Reagan's financial policies and pushed the U.S. into further debt. The idiot savant that sprang from his loins has taken Artificial Economics to a new level with wars, bloody colonization schemes, and an occupation, underwritten by China and Japan, but ultimately will be paid back by the middle class. Listen to the idiot savant's articulation on preserving and growing the economy, here. U.S. government is leading the way in, indebtedness.

What is accomplished by a significant and sudden dollar devaluation? It is a way to pay off debt with suddenly-more-available dollars; cheaper dollars. We have been witnessing a slow meticulous devaluation of the dollar over the past two decades, with an acceleration over the past decade. This has come from an increase in the money supply via the credit creation route — debt.

So, in the words of Bush, "shop more" and why not, the end is nigh.

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