Paper "AMERO" will replace the dollar by spring!? - page 6
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The guyhere, a year and a half ago - summer 2007, described in detail what is happening now and will continue to happen. It is clear that based on the format of the forum the forecast was a bit "raspy", but all the main
points so far have coincided exactly with present realities. Next is a quote:
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The speculative crisis to begin with will bring down assets not only in the US but all over the world. This will cause a surge in demand for US government bonds, and the yields, i.e. the cost of servicing them, will collapse to zero. Then comes the economic recession, followed by a consumer crisis, leading to an industrial crisis on the one hand and a fiscal crisis on the other.
The White House may react differently around this point, but I think the US will take the most obvious and stupid route. Since there is demand for GKOs and yields are low, then let's warm up the dying consumer market by increasing budget spending, and replenish the empty budget with loans, since money is given and is cheap. Let's borrow another five or two trillion from China, Russia and all sorts of speculators. Simultaneously, we can hit some Iran and Venezuela, and arrange a few civil wars and coups around the world, so to speak, to make the world unstable, forcing money to the superpower.
We know how it will end. No industry will pick up, no sustained growth in consumer demand will happen and no assets will start to appreciate. So there will be no increase in tax revenues. As a result, the national debt will very quickly hit $10 trillion, then $12 trillion, then $15 trillion... This is where GKO holders will get bored and cranky. As a result, bond yields will begin to climb one after the other, and loan terms will shrink. When half of the debt is in one month bonds and the yield on them reaches 25%, the states will have to borrow a trillion quid a week - a quarter is eaten and the rest is immediately paid back to the lenders on earlier loans. It is clear that it will be a matter of days before it all kicks in and the States have to default.
This would be a good time to put the problem right in front of the other. Declare a trade war on China, make them collapse the GKO pyramid, and then point the finger at them and say that the Chinese are the ones who fucked up the whole business, so now they can pay for it. China will be outraged and rude and will definitely say something that could be shown on CNN and say "China threatens our homes" and then fire a bomb at it. Something like this.
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I repeat it was written in summer 07.
Current facts :
the yields on the Trieris in Dec 08 Jan 09 were
zero - a record low since 1954. there were even cases of negative yields, i.e. gco's were sold above par.
Now treasury yields have already gone up!
China and Japan, the main holders of US securities apart from England
are expressing great concern and are pushing hard for more guarantees.
A delusional plan to pump money into the economy instead of a sensible one, but
Not populist - bankruptcy of debtors, has led to a shortage of financiers
in the Obama team, top specialists one by one refuse to work at the Treasury.
Not a dull summer, though.
None of them wants to lose their already "lean" markets, on the contrary, they promise an increase and reliability of future supplies as long as the customer does not jump. This is reality, not Putin and Medvedev's words.
don't worry buyers have nowhere to jump but the moon, for example china is a bottomless barrel
Speaking of energy, hydroelectric, nuclear and even fusion plants have not been cancelled, the only thing missing is a major breakthrough in the field of capacitive batteries, and all americans will drive electricity in large numbers (there have already been applicants).
I'm no Efremov, I can't predict the technology of the future.
but i think it would be good if at least our great grandchildren saw a controlled thermonuclear reactor.
hydropower plants disrupt the eco system.
nuclear plants have a problem with waste.
coal is a bitch
Gas is the best source for the foreseeable future.
>> I also dream about battery cars, less worries about changing air filters, oil etc.
I'm looking forward to battery operated cars too, less worries about changing air filters, oil, etc.
You will be changing acid, lead electrodes, heavy element additives etc etc, i.e. improving the environment.
Keep it simple, gas, battery-powered cars are a thing of the past, the French have invented compressed air vehicles that run 200 km without filling up from a ... a domestic compressor, so lukoil,
silks and .... they'll be retiring early :-o)
You will be changing acid, lead electrodes, heavy element additives etc etc, i.e. improving the environment thereby.
If the battery has a capacity of 15000 charge cycles, (charged from 380 for 10 minutes and the charge lasts for 350 km) how many years is the battery enough for your car, so you do not need to change anything? :)
A battery-powered car:)
http://en.wikipedia.org/wiki/Lightning_GT
Keep it simple, gas, battery-powered cars are a thing of the past, the French have invented compressed air vehicles that run 200 km without filling up from a ... a domestic compressor, so lukoil,
silks and .... they'll be retiring early.)
this technology is great.
especially for regions where electricity for compressors is not expensive
If it has enough capacity for 15000 charge cycles (it charges from 380 for 10 minutes and the battery lasts 350 km) how many years will this battery last for a car without the need to change anything? :)
battery-powered car:)
http://en.wikipedia.org/wiki/Lightning_GT
These are all fabrications by the manufacturers. In reality, the situation is much worse.
Once upon a time, the Europeans, in connection with the transition to clean energy sources, started to introduce wind turbines. It looks like it does not pollute anything. But it turned out that production of wind turbines is not environmentally friendly, i.e. you have to pollute nature to release them. And then, wind turbines are most efficient in Scotland, because there are constant draughts. In other areas, you have to install batteries in case of no wind. And the production, operation and disposal of electric batteries pollute the environment orders of magnitude more than more familiar pollutants.
For now the most environmentally friendly and modern vehicles are trams, electric trains incl. metro and electric locomotives (just not diesel locomotives which are diesel generator sets on wheels). That is, a hydroelectric power plant somewhere in the province and a tram runs on its electricity in a metropolitan area. It's a relatively clean connection: energy source - consumer.
And everything else is made up by the manufacturers.
Keep it simple, gas, battery-powered cars are a thing of the past, the French have invented compressed air vehicles that run 200 km without filling up from a ... a domestic compressor, so lukoil,
silks and .... will be retiring early.)
funny chariot, but too much like a . >> it's too much like...
Gas from coal, batteries and compressed air chariots will replace FOREX by spring!?