For the Average American the plummet accelerates as our leaders implement the advanced stages of the great leveling!
Fallout, bits and pieces, critical elements in the process:
- India’s Mukesh Ambani is now the world’s richest person.
- It now takes:
- $2.0621 to buy an English Pound Sterling ($1.80 until GWB regime);
- $1.4425 to buy a European Euro ($0.80 until around 2001 GWB regime);
- $1.00 to buy a Canadian Loonie ($0.78 average pre-2001 GWB regime);
- Australian $ approaching parity w/USD.
- Gold has hit $796.00 today (flight to quality away from the USD as it loses value).
- $93.53/barrel of oil, a new high today (trades denominated in USD – for now at least) which increasingly impacts prices within the US.
- Sub-prime mess bailouts:
- $100,000,000,000 SIV by Citibank, Bank of America, AIG (band aid for financial world) will be financed largely albeit as invisibly as possible by the Average American.
- Another Fed cut on Wednesday anticipated shoring up the stock markets for the big boys makes the USbuck in your pocket even cheaper.
If you are the Average American, do you know where your money is tonight?
I didn’t think so.
______________________________________________________________________
Excerpt of the secret proceedings of the creators of Der New Vorld Order:
FROM: Panel on World Economic Resurgence (POWER)
TO: Committee of Postwar Security (COPS)
DATE: 1945
SUBJECT: New World Order (NWO)
Problem: The world is exhausted after a decade of economic depression broken only by the horror of a global war. A new direction must be taken to steer the world away from repeating such a cataclysm.
Analysis: Only a global economy that all people share in equally will reduce the risk of global war.
o
o (Panel discussion at Jackass Economics)
o
FROM: POWER
TO: COPS
DATE: 1955
SUBJECT: NWO Plan Update
New Carrot: “A better life for our kids.”
Bigger Stick: Borrowing on the future (living on credit on an ongoing basis).
o
o (Panel discussion at Jackass Economics)
o
FROM: POWER
TO: COPS
DATE: 1965
SUBJECT: NWO – Progress Report
Another Carrot: “Have it all right Now.”
New Stick: Borrowing on the future (Credit Cards)
o
o (Panel discussion at Jackass Economics)
o
FROM: POWER
TO: COPS
DATE: 1975
SUBJECT: NWO – Progress Report
Carrot: “Upward Mobility.”
Stick: Borrowing further into the future (Credit Cards, loans, mortgages)
o
o (Panel discussion at Jackass Economics)
o
FROM: POWER
TO: COPS
DATE: 1985
SUBJECT: NWO – Phase 2, Revised Plan
Global Carrot: “The American Dream”
More Stick: Borrowing yet further into the future (Credit Cards, loans, mortgages, second mortgages)
o
o (Panel discussion at Jackass Economics)
o
FROM: POWER
TO: COPS
DATE: 1995
SUBJECT: NWO – Phase 2, Revised Plan
Carrot: “Wealth building, comfortable retirement”
Stick: Borrowing further and further into the future (Credit Cards, loans, mortgages, second mortgages, stock market bubble, job bubble, relax credit requirements to expand into a vast new sub-prime market in order to yoke the less credit worthy in with an “American Dream” they may not be able to handle)
o
o (Panel discussion at Jackass Economics)
o
FROM: POWER
TO: COPS
DATE: 2005
SUBJECT: NWO – Phase 2, Revised Plan
Carrot: survival
Stick: Borrowing on future generation's future's (Home equity bubble borrowing to live, interest only mortgages, job loss, loss of bankruptcy protection)
o
o (Panel discussion at Jackass Economics)
o
FROM: Presidium of Wealthy Elite Regulators (POWER)
TO: COPS
DATE: 2015
SUBJECT: New World Ownership – NWO (new name, new plan)
(Redacted - but you don't really want to know anyway)
______________________________________________________________________
More references for your elucidation, edification and reading pleasure:
| 04/02/2006 - 10:32 PM | |
| 03/28/2006 - 11:49 PM |
| The Rise and Fall of the American Middle Class: Epilogue – A World View | 07/03/2006 - 4:29 PM |
| 06/26/2006 - 2:53 PM | |
| The Rise and Fall of the American Middle Class: American Dream a Global Nightmare? | 06/22/2006 - 9:50 AM |
| The Rise and Fall of the American Middle Class: The Seeds of Destruction. | 06/20/2006 - 11:26 AM |
| The Rise and Fall of the American Middle Class: A Faulty Foundation. | 06/19/2006 - 8:28 PM |
| The Rise and Fall of the American Middle Class: The Big Idea. | 06/19/2006 - 10:38 AM |
| 01/11/2006 - 11:19 AM | |
| 01/11/2006 - 11:20 AM | |
| 01/12/2006 - 11:25 AM |







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A piece of advice: buy Mexican Pesos. The Peso is gaining steadily on the USD – and they will soon be good in both countries.
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