Anonymous
Warnings are everywhere ... Americans had best wake up
Thu Apr 8, 2004 15:36
67.1.154.83


http://www.vheadline.com/readnews.asp?id=16978
Published: Thursday, April 08, 2004
Bylined to: Bob Chapman


Warnings are everywhere ... Americans had best wake up and do something
about it

In the April 2004 #2 issue of the INTERNATIONAL FORECASTER financial
newsletter out this weekend, editor Bob Chapman writes that it is
finally becoming painfully obvious that oil producers are artificially
increasing the price of oil to offset the cost of the depreciating
dollar.

"We are sure others that sell into the dollar market are doing the
same thing. As we have said before, private investors have all but fled
the dollar denominated Treasury market and other central banks have been
buying over 80% of US issues."

Due to horrendous debt, obvious systemic weaknesses are now visible and
those risks have caused global investors to have less confidence in the
American economy then they once did. As you are well aware, were it not
for the Asian countries, particularly Japan and China, the dollar would
have fully corrected long ago.

The US economy is very unstable and fraught with risk and this is
causing other nations to question US economic leadership.

a.. The powers in the US, since 1989, have avoided a full recession by
simply printing money, using credit and amassing huge debt. That is not
responsible stewardship.
The US is on a course of economic decline because elitists and
politicians, with the assistance of Wall Street, have refused to face
economic reality. Furthermore, there is no end in sight to this
financial profligacy. This situation is compounded by a foreign policy
of preventative invasions, which is little more than a cover-up of
economic problems.

We predicted this course of action four years ago based on the
historical perspective that every government in financial and economic
trouble had done so since the beginning of recorded history.

The economic base of America has been on the course of destruction from
the period beginning almost 100 years ago. It has been one financial and
economic failure after another, always followed by war.

Now that substantial damage has been done, the US and the world are now
facing climbing oil and gas prices ... that is part of the reason for
the invasion of Iraq and it may bring about the invasion of Venezuela.

The US?s inability to produce more oil and gas has not only led to
dependency, but an ever increasingly staggering bill for importing these
natural resources.

Lack of sufficient oil production ... we import 56% of our needs ...
puts us at a great disadvantage especially with Russia, which has vast
reserves.

Although recovering from its Soviet hangover, Russia is making great
strides up the economic ladder by building foreign exchange reserves and
liquidating debt incurred by the Soviet Union. It will not be long
before Russia is challenging the US economically and militarily again.

There is no doubt that US dependency on foreign oil is one of its major
weaknesses. In the future oil prices will be where Saudi Arabia, Iran,
Russia and Venezuela want them.

The moves by large oil producers come at a very difficult time inasmuch
as the US is particularly vulnerable due to its unilateral invasion and
occupation of Iraq. The US and England are facing diplomatic isolation
due to their war mongering.

The US may be the dominant force in the world, but that could fast be
coming to an end ... many other nations are cooperating among themselves
to offset US power.

Previously, nations could live with and put up with US dominance, but
9/11 and Iraq pushed other nations straight over the edge. The world is
never going to be the same again.

Warnings are everywhere ... Americans had best wake up and do something
about it.

a.. The first step is to remove George W. Bush and his neo-cons.
International order will not be restored for generations ... these
people in the White House have deeply damaged our country with the
assistance of the Fed, Wall Street and the media.

That is why private financial interests, both foreign and domestic, have
been moving assets out of the US for the past few years.

Unfortunately, America?s power is dissipating and our country is
beginning to enter the biggest crisis in its history. As the dollar and
the economy falls so will the world economy.

This is little consolation, because we are about to begin a great
tribulation.

• warnings are everywhere.. — Anonymous, Fri Apr 9 02:01