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Obama Set To Flee America As US Dollar Faces 50% Devaluation

 
SerenityLa
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10/06/2010 08:05 PM
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Obama Set To Flee America As US Dollar Faces 50% Devaluation
[link to beforeitsnews.com]

A grim report prepared for Prime Minister Putin by Russian Ministry of Finance experts warns today that the United States is expected to be ordered by its G-20 counterparts at its October 21-23 meeting in South Korea to devalue the US Dollar by no less than 50% in order to stave off what is widely believed to be an imminent collapse of the World’s economic system.

The G20 was established in 1999, in the wake of the 1997 Asian Financial Crisis, to bring together major advanced and emerging economies to stabilize the Global financial market that by 1998 had catastrophically devastated the Russian economy causing a two-thirds devaluation of the Ruble that plunged millions of middle-class Russian citizens into instant poverty.

As the most important “cog”, so to speak, in the internal mechanisms that governs our every growing, and complex, Global economy, the “sands of time” have run out for the American Dollar being our World’s sole reserve currency, and which without its immediate devaluation threatens to spark an International currency war the likes of which have not been seen since the 1930’s, and as we can read as reported by London’s Telegraph News Service:

“States accounting for two-thirds of the global economy are either holding down their exchange rates by direct intervention or steering currencies lower in an attempt to shift problems on to somebody else, each with their own plausible justification. Nothing like this has been seen since the 1930s.”
aUm

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10/06/2010 08:06 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
1doh1
Anonymous Coward
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10/06/2010 08:08 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
I wonder how much physical gold and silver air force one can carry ?
Anonymous Coward
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10/06/2010 08:09 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
spock
aldoushuxley

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10/06/2010 08:10 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
Sucha Fail again, amirite?
Life in Lubbock, Texas, taught me two things: One is that God loves you and you're going to burn in hell. The other is that sex is the most awful, filthy thing on earth and you should save it for someone you love. ~Butch Hancock
Anonymous Coward
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10/06/2010 08:10 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
50% on top of the 90% that it has already dropped since the 1930s would be 140% devaluation.
Anonymous Coward
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10/06/2010 08:10 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
I trust Sucha Fail, don't you?
weegie

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10/06/2010 08:11 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
Maybe he'll go back to his "home country" as Michelle Antoinette calls it. Good riddance.
SerenityLa (OP)
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10/06/2010 08:11 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
To the actions of America’s leader, President Barack Obama, as millions of his citizens face economic oblivion it is beyond our understanding as new reports state that he has accelerated the timeline of what will be his longest overseas trip to his leaving 2 days after what is expected to be a crushing defeat of his Democratic Party in the November Mid-Term election, and which shortly after his government will announce the catastrophic devaluation of the US Dollar wiping out the savings of an entire generation of his people.
Anonymous Coward
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10/06/2010 08:12 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
50% on top of the 90% that it has already dropped since the 1930s would be 140% devaluation.
 Quoting: Anonymous Coward 1119878


No no you got to think in terms of half lives. When you get a 50% devaluation and then another 50% devaluation on top of that you have .5 of .5 or .25 left over. That is there hope, see when you plot this out over a long enough time line it asymptotically approaches zero, but way way out there, like in 3100.
Anonymous Coward
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10/06/2010 08:18 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
I trust Sucha Fail, don't you?
 Quoting: Anonymous Coward 961432

For a Sorcha Faal article, it pretty much says what the economist have been saying lately.
Ricfly52

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10/06/2010 08:21 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
Run Bammy run!
Fishing and skiing keeps me a little sane.
Anonymous Coward
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10/06/2010 08:23 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
iwish
hi Fucking Failure
BloodRed

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10/06/2010 08:23 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
confiscation1

depressfordummie

economicmelt
~ Y'all Are CrAzY Doom Tards!! But I love y'all anyway... well, not the shills, not so much... ~

~ Wanna know what we're all here for? THEY know: [link to www.youtube.com] ... So if _THEY_ can manage this, why in the world are WE such hateful fail-tards, people ........ ? ~
Olibow

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10/06/2010 08:24 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
I wonder how much physical gold and silver air force one can carry ?
 Quoting: Anonymous Coward 1087014



Hopefully enough to let it do a Blackbeard. Greedy fuckers get theirs.
~.~.~.~.~.~.~.~.~.~.~.~.~.~.~.~.~.~.~.~.~.~
From ED TV (1999)

I feel that Ed (TV) is the apotheosis of a prevailing American syndrome. It used to be that someone became famous because they were special. Now people are considered special just for being famous. Fame, itself, is now a moral good in this country. It's its own virtue.
Anonymous Coward
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10/06/2010 08:31 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
Did I miss the part where the pres flee's... When's he leaving?
Anonymous Coward
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10/06/2010 08:34 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
Read it as a minimum 50% devaluation.

Could be 90% or more.

New money exchange rates of 10 - 1 or 100-1

Are much more likely than 2-1 givin the gravity of the financial landscape.
MadGame

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10/06/2010 08:47 PM

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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
Wow .. What an interesting article
What is a LIBTARD You Ask ? - A Retarded Liberal ( AKA 99.9% of all Democrats ) ... And since ALL Liberals are Retarded ... Hence LIBTARD

Pissing Off LIBTARDS since 1988
Anonymous Coward
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10/06/2010 08:55 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
I trust Sucha Fail, don't you?

For a Sorcha Faal article, it pretty much says what the economist have been saying lately.
 Quoting: Anonymous Coward 1087014



Sorcha right again!

5a
Anonymous Coward
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10/06/2010 09:01 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
Maybe he'll go back to his "home country" as Michelle Antoinette calls it. Good riddance.
 Quoting: weegie


Will he take his "Health Plan" with him?

(And will Micheall pinch the WH silver?)
MadGame

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10/06/2010 09:02 PM

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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
Would someone with some knowlege care to give a scenerio or an anology of what would happen and what life would be like for us common folk ..

I would like for someone to give an example of what life would be like 2 weeks - 2 months or so after an event like happening ...

What would happen to food prices ? ..... How would a 50% or so devaluation of the currency effect business and any other ideas you can think of ... Thanks !
What is a LIBTARD You Ask ? - A Retarded Liberal ( AKA 99.9% of all Democrats ) ... And since ALL Liberals are Retarded ... Hence LIBTARD

Pissing Off LIBTARDS since 1988
MadGame

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10/06/2010 09:12 PM

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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
Bump for an answere to my question
What is a LIBTARD You Ask ? - A Retarded Liberal ( AKA 99.9% of all Democrats ) ... And since ALL Liberals are Retarded ... Hence LIBTARD

Pissing Off LIBTARDS since 1988
Anonymous Coward
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10/06/2010 09:13 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
Would someone with some knowlege care to give a scenerio or an anology of what would happen and what life would be like for us common folk ..

I would like for someone to give an example of what life would be like 2 weeks - 2 months or so after an event like happening ...

What would happen to food prices ? ..... How would a 50% or so devaluation of the currency effect business and any other ideas you can think of ... Thanks !
 Quoting: MadGame



Here is what happened in Argentina.

Thread: Argentina's Economic Collapse
anniesnow

User ID: 1026437
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10/06/2010 09:13 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
I trust Sucha Fail, don't you?
 Quoting: Anonymous Coward 961432

tounge
I have promises to keep....
Anonymous Coward
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10/06/2010 09:16 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
Maybe he'll go back to his "home country" as Michelle Antoinette calls it. Good riddance.


(And will Micheall pinch the WH silver?)
 Quoting: Anonymous Coward 1102844


chuckle You know that when they leave (what ever the circumstance) thay will take everything not nailed down and trash the place.
Outta Here

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10/06/2010 09:16 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
I'll tell ya what will happen. A few things actually.
1st. America will be shocked. A few days later massive lay offs will cause panic & rioting. Obama will go on TV to try and calm everyone with some plan to keep people working...but this time no one is buying his stupid plan.

Smart people will flee cities, and be able to sustain themselves for the winter.

Others will live in hell for a period of time. The military will step in, and a civil war will follow.

Thats about it.
anniesnow

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10/06/2010 09:17 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
To the actions of America’s leader, President Barack Obama, as millions of his citizens face economic oblivion it is beyond our understanding as new reports state that he has accelerated the timeline of what will be his longest overseas trip to his leaving 2 days after what is expected to be a crushing defeat of his Democratic Party in the November Mid-Term election, and which shortly after his government will announce the catastrophic devaluation of the US Dollar wiping out the savings of an entire generation of his people.
 Quoting: SerenityLa 1121877

IF it comes to pass (unlike all her other predictions),this is REAL DOOM !!

spock
I have promises to keep....
Anonymous Coward
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10/06/2010 09:19 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
Bump for an answere to my question
 Quoting: MadGame



One more thing, from the recent devalueation in Venezula.

There were pictures of grocery stores completely cleaned out. I could understand that.

But there was a picture of some lady getting a $1,000 flat screen TV. When they interviewed her, she said, "Anything but bolivars."
Anonymous Coward
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10/06/2010 09:22 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
Wouldn't ALL of DC and Wall Street also need to flee if this happened?

I am pretty sure he didn't do this by himself. There appear to be many that should be held accountable.
Outta Here

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10/06/2010 09:27 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
America has been on a 10 year roller coaster ride. Americans have likely had enough of the shitty Presidents, bad economy, wars, terror, disasters, oil spills, bla bla bla...

You can count of civil unrest or war. You can only be pushed so far.
anniesnow

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10/06/2010 09:30 PM
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Re: Obama Set To Flee America As US Dollar Faces 50% Devaluation
America has been on a 10 year roller coaster ride. Americans have likely had enough of the shitty Presidents, bad economy, wars, terror, disasters, oil spills, bla bla bla...

You can count of civil unrest or war. You can only be pushed so far.
 Quoting: Outta Here

bump hiding
I have promises to keep....

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