US Dollar Continues To Weaken Against Most Major Currencies and the Costa Rica Colon.

In the ongoing controlled demolition of the US economy, the “greenback is approaching pre-financial crisis lows and threatening to smash through its all-time low when measured against the world’s predominant national currencies.”

In the past, debt was used very successfully as tool of economic enslavement against foreign countries to insure Americans continued to receive cheap goods but this debt has also been turned against Americans. Financial debt is now being used by Wall Street Banks to destroy Americas freedoms and enslave them.

“We find the whole thing increasingly contrived, as we have stated before. The dollar in our view was purposefully destabilized by the US Federal Reserve and by the Bush administration via serial wars, aggressively low interest rates and Bush’s strange habit of endlessly refusing to veto expansive legislation. Anyone who studies the Bush presidency can see a trend leading the US economy into economic oblivion.

Now why would the President of the United States want to do such a thing? Well, if your family has elite connections going back generations (as the Bush family does) and if Western elites want to create a global government, they need to move the world from a series of disparate currencies to just one — and in order to do that, the dollar reserve itself must be undermined.”

Let’s hope this is not your retirement fund that’s in the red… “The state funds that pay pension and health-care benefits to retired teachers, corrections officers and millions of other public workers faced a cumulative shortfall of at least $1.26 trillion at the end of fiscal 2009, according to a new report.”

That was at the end of 2009 and we know it’s going to be even uglier at the end of 2011…

And while the Federal Reserve repeatedly f.cks over the average US citizen, it forks over $220 million in bailout money to the wives of two Morgan Stanley bigwigs.

“For the first time since the Great Depression, the US is now officially paying out more in benefits than it takes in via tax receipts.

“If the US were a company, it’d be spending more in salaries than it makes in sales. Aside from being unprofitable, it’s also got a MASSIVE debt load. And it’s current policy of paying out more than it makes only increases this debt load… which begs the question… who’s going to pay the interest payments on the debt?

There is only one way out of this mess and that is default. The US cannot EVER pay back its debts. A US default is going to happen GUARANTEED (hyperinflation induced by endless money printing is just another form of default). When this happens, the US Dollar will collapse, lose reserve currency status, and inflation will rip through the system destroying the purchasing power of anything paper-related.

So if you’re not preparing for mega-inflation already, you need to start doing so NOW. The Fed WILL continue to pump money into the system 24/7 and it’s going to result in the death of the US Dollar.”

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Information compiled by Scott Oliver, author of 1. Costa Rica Real Estate Scams & How To Avoid Them, 2. How To Buy Costa Rica Real Estate Without Losing Your Camisa, and 3. Costa Rica’s Guide To Making Money Offshore.

Andrew Makarik

to@welovecostarica.com

Andrew Makarik is the main editor of WeLoveCostaRica, a fan of this sunny country. He is also a loving husband and a has a lovely daughter. By being a devoted family man and the biggest Costa Rica fan, he wants to make more people feel at home there. WeLoveCostaRica unites people and helps them find new home or a new travel destination. This website is a friendly community where everyone can find not only information, but also new friends and travel pals. Andrew is also passionate about IT and programming, so he himself maintains a friendly atmosphere in this cozy environment of WeLoveCostaRica.com.