Reply #1: This is the beginning of the end for American Economic Power

[FreakinDJ]

I have been watching this unfold for over 3 years now and have been trying to warn folks. Basically Bush knew of this threat but gambled on taking Iraq any way. It was essentially a role of the dice. Could he invade Iraq and install his puppet government quick enough to fight the dollar crisis.

Apparently not

But it never was of very much concern for him and his Oil Business buddies any way. Most if not all of these companies operate off shore any way. People in the rich 1% of this country can convert their wealth into Euros or gold easier then we can transfer funds between banks. They actually have nothing to lose and every thing to gain.

Once the American Economy begins to crumble and readjust to the new status. The average John E. Taxpayer will be losing his home and portfolio for pennies on the dollar. Now this wealthy 1% can come in and pick up the pieces for pennies on the dollar. The working class will all be but a memory to join the ranks of the working poor