Hys,

The U.S. Dollar is going to be devalued, plain and simple. The debt cannot be repaid, and the only way out is to devalue the dollar, and I would imagine the act will be done in one fell swoop on a day one would least expect. You wake up, turn on the T.V. and there's President Obama, (Oh Mama!) telling you that every dollar is now worth 75 cents or 50 cents. If you want to know how quickly something like this can happen, I'd suggest you read the story of Noah's Ark. Regardless of your relgious leanings or beliefs involving the reality of such a tale, still you must respect the metaphorical significance of such a story that has survived through just about all of recorded time, that has been kept alive, even if just by a bunch of religious fanatics who don't understand it anyway. The story is our story, the story of human beings... i.e. Here we are eating drinking, making deals, humping the neighbor's wife, complaining about the neighbor's dog crapping on our lawn and then one day later...DEAD! They're all dead. It's a theme that relives itself over and over again, and people still just don't get how the system works. The fall of Carthage. Blitzkreig into Belgium. Hurricane Katrina. The act is played out over and over again, but people refuse to accept that change can come very, very quickly. The dollar is going to be devalued.

The Chinese and Russians and whoever else or government has been screwing over for a generation are not sitting out there laughing about it. They are waiting for their chance to stick it to us good and hard. And I don't blame them.

Comments on George Washington's Views:

To the extent that America was a true political community, self-sacrifice and gratitude (friendship) among its citizens was possible. But such "disinterested friendship", asWashington called it, was not possible among nations. Justice in foreign affairsessentially meant making and keeping agreements faithfully, but it did not require sacrificing one's essential interests for those of other nations. Nor should the United States expect others to sacrifice themselves on its behalf. Differently put, Washingtonbelieved in the Socratic definition of justice: minding one's own business, but minding it well. As he wrote to a correspondent in 1795:

For in politics, as in religion my tenets are few and simple: the leading one of which, and indeed that which embraces most others, is to be honest and just ourselves, and to exact it from others; meddling as little as possible in their affairs where our own is not involved. If this maxim was generally adopted wars would cease. . . .

By not meddling in the affairs of others, especially their internal affairs, the United States would strengthen its case against outside meddling in American politics, and thereby lessen the chances of war.

Washington's perspective on seeking "our interest, guided by our justice" led him to recommend in the Farewell Address that America's orientation toward all nations be one of "peace and harmony." Peace, not war; commerce, not conquest - these were the natural ends of American policy.

How incredibly we have failed involing this!

Here's some interesting stuff from Jim Willie:

The Russians will emerge rather surprisingly in the new global system that is no longer US-centric, as the peacemaker. Call it the ‘Post-US World’ if you wish, since theUnited States will continue to be crippled. After the new replacement global reserve currency is in place, having supplanted the USDollar, the US will fight an uphill battle to escape Third World status in every meaning of the label. The Russians will emerge as the peacemakers, in sharp contrast to the US, which has degraded into an aggressive dishonest state focused too much on financial fraud, export of its jobs, military annexations abroad, and colonized palaces where heads of state reside. The violations of NATO treaties by the USGovt since 2001 exhibit grotesque contempt for peace and security, the smoking gun in my view. Russia, by confronting the US and its circle of ballistic missiles placed in former Soviet Republics and former Soviet Bloc nations, will emerge as the peacemaker against aggressive positions. The climax to the new Russian role will be felt both in Europe and the Middle East.

They will guarantee energy and mineral supply to Europe, not to be denied, no games. They will guarantee security to the Saudis and other Persian Gulf nations in the Gulf Coop Council, in the potentially unstable period of time after rejection of the Petro-Dollar defacto standard. Already, Russia has established a strong port beachhead in Syria. Their naval port facilities surely upset the balance of power, and put a wedge between Turkey and Israel, both allies of the US. Unfortunately, these developments will be viewed as a threat to Israel, whose insecurity will be the constant in the geopolitical equation. Its partners in the US and United Kingdom will be severely damaged, weakened, and discredited.

The Russians are having a field day, as they kill off all the US investors in their country in the midst of market declines, while at the same time consolidating financial power.The timing and execution is perfect since they camouflage actions under the financial crisis cover. The process of ruining, exiling, or imprisoning the old oligarchs is well along. Boris Berezovsky, Oleg Deripaska, and Mikhail Fridman are each on the defensive, their wealth having dwindled. The 25 wealthiest Russian businessmen have had their net worth decline by $230 billion, as Putin maneuvers around them using the $531 billion in government reserves. Clever foxes these Russians, but they risk further spread of fires under their roof. For the Russians the shell game is called right pocket left pocket. Move the asset ownership, claim zero value, send them home, then restore ownership in other Russian hands. They showed their modus operandi with energy contracts since 2005, and with PanAm Silver mine properties around 2005. In the aftermath, the world must contend with an industrial and military powerhouse led by intelligent crafty leaders with international experience. This entire game is about to have the chessboard kicked, and Putin is a chess master.

◄ The precise timing of a new gold-backed Russian ruble currency in my opinion will likely be during the maximum crisis point within the United States arena. John Laughland is a British historian and political analyst, a Director of Studies at the Institute of Democracy & Cooperation in Paris, who serves on the Russian News & Info Agency. He explains thatRussia has two big reasons to install a gold-backed currency. 1) They are a major gold producer, and can therefore control production. They have been acquiring huge amounts of gold quietly for years. 2) Since a major exporter, sure to expand its export industries, a gold-backed currency would interrupt the process of a rising ruble in the floating type of currency structure. Foreigners could not bid up the ruble from annual orders, thus leading toRussia being victimized by a rising currency from its own success. Laughland writes clearly about the issues.

Remember that you heard this here!

We will have a functional gold backed currency again. I don't know exactly where its going to come from, but it is coming.

I'd love to write more, but my son is sceaming his head off about a matter of great importance. You think you've got problems! He can't find his dinosaur. It's a plastic stegosaurus and he CAN"T FIND IT! It might be lost forever! Oh the agony! Sorry if the proofreading of the above stuff is sub-par. Bull