Scared Monkeys Discussion Forum

The U.S. dollar, the world’s reserve currency for almost half a century, is its reserve currency no more. Each dollar bill the administration prints is just as much a forgery as that bogus Hawaiian birth certificate.

Every two months, the administration prints or borrows more money than the combined annual profits of the 100 biggest publicly traded companies in America.

Every second, the U.S. government spends $64,000 it doesn’t have. The $64,000 Question is not whether but when the collapse will come. The crash of 2008 was a walk in the park. This is the big one. And the frankly communist outlook of the current administration means it is temperamentally disinclined to take any of the steps that are now essential to save America.

Trouble is, the GOP have little or nothing to say about this. For 10 successive suspicious weeks, U.S. federal debt has remained at just under $17 trillion, just under the debt ceiling set by your elected representatives in Congress.

Yeah, right. Dream on. The Treasury is fiddling the books. Fraudulently. According to my calculations, federal debt has risen not by zero but by $400 billion in those 70 days.

Here is just one of the ways the Treasury can get away with making $400 billion vanish. Under an act intended to allow officials to mint commemorative coins (not exactly a legitimate function of the Treasury), the Secretary Jack Lew can issue platinum coins of any denomination he wants.

To keep the debt apparently below the congressional limit even though it is rising at $40 billion a week, all he has to do is mint a half-ounce coin with a face value of $2 trillion and deposit it with the Fed.


Read more at http://www.wnd.com/2013/07/the-dollar-collapse-not-whether-but-when/#EQPpWbW9RQ7pXzmL.99  (http://www.wnd.com/2013/07/the-dollar-collapse-not-whether-but-when/#EQPpWbW9RQ7pXzmL.99)