According to this article in the Christian Sciemce Monitor the dollar could fall 25% in our not to distant future. It could be the only way to reduce our trade deficit. If Americans buy less in terms of foreign goods, the trade deficit falls. The hope being that Americans would be able to sell more goods overseas as the lower dollar would make our goods cheaper for the rest of the world. The trouble I see with this thinking is the loss of our industrial base in the United States. We really don't make much here anymore. Companies in the USA who are still in manufacturing have outsourced the factory work overseas in a large part.

Follow the Money.

The IMF. The BIS. The IBRD. The IDA. What are these entities?

They are the essential parts of the World Bank. The World Bank was created in 1944 as an instrument to rebuild Europe after World War II under the guise of "global poverty reduction and the improvement of living standards". Yet, "In reality, the World Bank carries its weight, along with the International Monetary Fund and the Bank for International Settlements, to forcibly integrate minor countries of the world into its own brand of capitalistic democracy. "

The World Bank, through the IMF, IBRD & IDA, essentially is THE Central Bank of all the world's host countries' central banks, operating a worldwide ponzy scheme, free to do its bidding manipulating world currencies and accountable to no one. Each host country pays its "dues" to the World Bank with their taxpayers' money.

With special thanks to Mad4Clark's recent blog post It's Not Just Detroit!, for bringing to light just how destructive the gwb administration's fiscal policies are to the vitality of our economy and country's security. Amazing this story actually ran in the wimpy USA Today!

But this destruction has been going on a long time and there have been impending signs of Economic DOOM for years; these policies are coming home to roost now, as we're seeing in the airline industry, manufacturing (think General Motors and Delphi) and Wal-Martization of America. One of the biggest problems has been Fed Chariman Allen Greenspan's manipulation of the money supply and interest rates. Let's go to the "videotape" as it were, from The Great Mogambo Guru's Medicinal Silver from Oct. 26, 2005: