An American Warning Radio  

Show Notes

What are people saying about the book?

"This book is a must read for anyone who is into politics. Rather than focus on the "left" or the "right", it cuts right to the core of the issues facing our country, how we got here and what we all need to do to fix it. Mr. Robertson is well versed in the constitution and does and excellent job putting his political message in terms that anyone can understand. Even if you are not "political", if you care about the future of our country, you need to read this book. It will truly open your eyes."

Jennifer Schroeder
GM - Borders Books

SharedNews Updates

follow me on Twitter

• Archived Blog Post

  Date / Time: 5/24/2009 6:39 PM UTC

  Death of the Dollar?
  

  Weekend update
  
  I wanted to take a moment to comment on some of the stories we’ve been tracking for the last however many years. It’s also a good time to reiterate that we’ve been talking about this on the show via Blogtalkradio.com/An-American-Warning. So I hope you take the time to listen once in awhile.
  
  It’s taken awhile, but the truths are starting come to light. Saturday, the New York Times had a story that outlined where we are heading. The sad part is that only now the truth has been realized after having been warned about it by people like David Walker for years… the bad news is that the misdirection’s are now being implemented.
  
  The article said “The dollar skidded to its lowest point in five months this week, battered by creeping fears that Washington’s costly efforts to stimulate the economy are growing harder to finance and may set off an unwelcome bout of inflation. Analysts are increasingly concerned that a rise in prices could hurt consumer spending, deepening the recession.”
  
  Now we’ve been saying this would happen for several years now. Even Ron Paul tried to use his campaign to outline this very event. The evidence is that the dollar fell more than 3 percent this week, weakening to $1.40 against the euro on Friday and to $1.59 against the British pound. Experts said the flight to quality that made United States Treasury debt and dollar holdings so valuable at the height of the financial crisis was now heading for a rough landing.
  
  “Those little footsteps coming down the hallway have begun to frighten many people,” said David M. Darst, chief investment strategist at the Global Wealth Management Group of Morgan Stanley. “The dollar has sold off inexorably, slowly but surely. The key thing driving it is psychology.”
  
  The times also acknowledged that “the Federal Reserve is printing money from thin air, and the government is issuing trillions of dollars in new debt as it tries to spend its way out of the recession with a huge stimulus package, new lending programs, health care overhauls and automotive rescues.”
  
  So here is the deal. We all know and acknowledge the problems… but as I’ve said numerous times… I don’t believe that people really understand exactly where this is heading. Finally, Saturday… even the President has said he knows the situation.
  
  In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: "We are out of money."
  
  What’s worse is that experts have warned there might not be enough demand to sop up all those new dollars and dollar-denominated Treasury securities.
  
  And this is exactly why I believe the currency is about to change… or at the very least… turn into something no body wants. We have to remember that Chinese vendors no longer take the dollar. The Chinese government is becoming more picky about the debt they will finance and nations around the globe are starting to turn to the idea presented to the world community for a world wide currency.
  
  Evidence of the problem comes from a special secret meeting that IrishCentral.com recently reported on. “The mysterious, media-blackout meeting was called by Warren Buffett, CEO of Berkshire-Hathaway; Bill Gates, co founder of Microsoft; and David Rockefeller Jr., chairman of Rockefeller Financial Services” which included people like Oprah by the way.
  
  The key is that Gates and Buffett solicited views on how the group should respond to the global economic climate. Now if the richest people in the US come together to talk about keeping their wealth, and we know Rockefeller was involved, we know we need to pay attention because the people will be affected.
  
  So let’s break this down so far.
  1)    Walker warned us that this nation was going bankrupt since before 2006
  2)    The dollar is beginning to fall deeper than expected
  3)    The Chinese is lending us money we can’t repay
  4)    Nations around the Globe stop accepting American currency
  5)    Federal Reserve is printing money from thin air only deepening our debt (because this comes with interest)
  6)    The President says we are out of money.
  7)     America’s Richest meet in secret to figure out how to weather the trends
  
  All things being equal… what do you think about all of this?
  
  Let’s add on a couple more yet to see full impact as of yet.
  
  8)     The baby boomers are retiring in droves (social security, Medicaid, etc)
  9)    We haven’t even begun to figure out how to pay all this back
  10)    As of yet, no one has been told exactly what the collateral of these loans are.
  11)     Add anything money related here!
  
  Now… some (the administration) will blame this on healthcare. The truth is that the expansion in government is more to blame than healthcare. It’s been the idea that tax revenue would save us. When the truth is that money in the pockets of Americans willing to buy American would be what could have saved us. A little late now though huh?
  
  Let’s say it is health care though… we are talking universal forced health care right? How are we going to afford the 12 million criminal immigrants that come along with that bill when we can’t even afford the millions already in the system… just a thought. But might it include rationing? Denial of services?
  
  Now we see a push towards socialism. Socialized programs will be what they will tell you can and will save us. DO NOT BUY INTO IT. Simple logic alone will show you otherwise.
  
  Anyway… I just had to vent a little about this… we’ve been talking about it on the show for sometime now. Also, the warnings are spelled out in the book if you haven’t picked that up yet.
  
  Feel free to give me your thoughts… this is just what I have off the top of my head. This rabbit hole is deep I know… so you might list other reasons to share with our friends.
  
  Anyway… enjoy your weekend and be safe.
  
  • Tags:
  • Dollar
  • Government
  • Politics
  • Permalink