Time for a review folks.    Confucius say: Confidence built on Trust.

The New World Order (NWO) is made of paper (currency and credit, and TRUST).  That is fine and dandy, so long as everyone trusts it.  But it has the potential for combustion, and I smell smoke and see some flames on Wall Street.

  

American currency became the reserve currency for the world following the Second World War.      

   

  • It was the only currency that acted as a safe store of value, because the United States was the only major power left standing.

              

  • Unlike gold or property, which may provide a safe store of value, a currency is liquid (easy to spend). *         

The USD was unique at that moment in time insofar as it could provide the world with a safe store of value, hence everyone was willing, nay eager, to accept and hold our currency.  It was to be the premium lubricant for the embryonic global economy.  

    

Timing is everything in standup comedy, hand-grenade practice and the confidence game.  The USD’s time is passing, and that is inevitable as the world changes.  But as you read the following articles, you may come to agree with me that it is not simply inevitable, but planned.

  

The Confidence Game - Part 1

By AZ Moderate

Published: 2006-01-11   

   

 EXCERPT: The economy, huh?  Don’t get me started!  I guess my greatest worry is the way our leaders are steaming ahead toward the demolition of world confidence in the almighty dollar.  That will reach out and touch all of us.  The rest of the world is funding our prolific spending, confident in the stability of our system.  It has been said that the rest of the world’s central banks hold something like 90% of the outstanding U.S. Treasury bonds, and we are...    

http://www.voiceofarizona.com/The_Confidence_Game__Part_1-5031-2-2111.htm

   

   

 The Confidence Game - Part 2

By AZ Moderate

Published: 2006-01-11   

   

EXCERPT: Our system of exchange is increasingly convenient - and vulnerable.  A faith-based system today, it wasn’t always that way.  What happened?   

  
In the beginning it was fish for feathers.  I could eat the fish you caught, and you could fletch your hunting arrows with the feathers that I had in trade.  The exchanged items themselves were consumable.  That intrinsic value gave us confidence to make the exchange - a barter system.
Then it was gold (or beads, or...    

http://www.voiceofarizona.com/The_Confidence_Game__Part_2-5031-2-2112.htm

     

  

 The Confidence Game - Part 3

By AZ Moderate

Published: 2006-01-12

EXCERPT: Once upon a time, the shapers of our destiny envisioned a global economy, worldwide prosperity and peace based on capitalism and unfettered trade.  The plan was hammered out at Breton Woods in the USA as WWII was coming to an end.  The objective was to set up an international economic system that would prevent another economic and political collapse and another military conflict.
It was a bright new world order that they saw coming over the horizon.  The United...

http://www.voiceofarizona.com/The_Confidence_Game__Part_3-5031-2-2113.htm

 

 

America, the Goose that Laid the Golden Egg

By AZ Moderate

Posted on: Apr. 2, 2006 at 10:32 PM 

 

EXCERPT: America The Golden Egg.  We emerge unchallenged economically from the Second World War.

The Golden Egg hatches.  Our money is accepted globally, even though it’s just paper.  The whole world has confidence in the integrity and stability of America.  The dollar becomes the base currency of the world.

We prosper and grow into the Golden Gosling.  The world buys our treasury notes. 

http://www.voiceofarizona.com/America_the_Goose_that_Laid_the-5031-2-2413.htm

    

  

The Goose That Laid the Golden Egg: Confidence Alert    

By AZ Moderate

Posted on: Jan. 8, 2008 at 11:55 PM 

 

EXCERPT: U.S. dollar's no good at the Taj Mahal The tumbling value of the US dollar led tourism officials in India to ban the ... American tourists must pony up the Taj Mahal's admission fee in rupees in ...

http://www.voiceofarizona.com/The_Goose_That_Laid_the_Golden_E-5031-3-7116.htm

     

 

The Eagle is Getting Goosed!

By AZ Moderate

Posted on: Jul. 2, 2007 at 2:11 PM 

  

EXCERPT: U.A.E. to sell dollars for euros (iht.com) .... treasury notes for "created" accounts. this means when you take your treasury bond in to get cashed in, ...   

    

"The move by the U.A.E. central bank "is hard evidence that diversification is happening," said Shaun Osborne, chief currency strategist at TD Securities in Toronto. 'This is negative for the dollar in a broad sense as it reflects falling confidence in the currency.'"

http://www.voiceofarizona.com/The_Eagle_is_Getting_Goosed-5031-2-3397.htm

    

 

Recycling Your Wealth

By AZ Moderate

Posted on: Mar. 21, 2008 at 4:53 PM 

 

EXCERPT: As I have written previously, I cautioned my little brother (he’s 85) back in the late eighties to leave his 401K and IRA funds invested in the stock market for a decade, but then to flush them into real estate, gold and other tangibles.  My reasoning was that the growing amounts invested in Wall Street by the retirement vehicles large and small was going to reach a critical mass that would attract the attention of the wealth recyclers.  

http://www.voiceofarizona.com/Recycling_Your_Wealth-5031-2-17392.htm

 

*The price of gold skyrocketed today.  The analysis by the gold specialists is that it is a panick flight to a tried and true tangible asset.  Although long term gold is still golden, the current run on gold is in their opinion because of the world economy’s flameout (or would that be ignition?)