TRANSART – Southern California

Medical / Judicial Interpreter – Spanish/English Translator

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Nationalizing The US Dollar (thoughts on Jan.27th State of the Union Address)

Posted by Legal / Medical Interpreter on 01/27/2010

o “published earmark requests on a single website so american people can see how money is being spent” B.O.

o NATIONALIZING THE DOLLAR–>Doubling exports ! Nationalizing production, industry and services…after decades of subsidized and special off-shoring interests, a reversal of means and modes of production bringing it Domestically. Adam Smith’s inverse ‘visible hand’. Let us just hope that the baker’s hand, the cookie dis…tributor hand, and the hand in the cookie jar are not all one and the same.

o The direction all this leads, and the reason why Carl Schmitt has been taken
so seriously by political theory, is to the theorization of the crisis
and state of emergency as not exceptional moments in political life
opposed to some stable normality, but themselves the predominant form
of the life of modern nations.

http://en.wikipedia.org/wiki/Carl_Schmitt

Carl Schmitt – Wikipedia, the free encyclopediaen.wikipedia.orgCarl Schmitt (July 11, 1888 – April 7, 1985) was a German jurist, political theorist, and professor of law.

annexed attachment to article by Rod on 2-02-10: …the trillions in debt that are for the most part being supported by expected investment returns in part of foreign capital (the US dollar ‘Global’ bailout) with the purchasing of treasury bonds. So what happens when Geitner has to answer to these investments ? Many speculate inflation will over-set the unmanageable new debt that printing out 10% on these bonds will create. However, I think that there are more angles to this play than usual because it is also intertwined with the credit crunch and what that causes to expected consumerism…. That’s why Obama is trying to start chewing at it from all sides with domestic incentives for production, and tariffs on imports… Either way, there will come a time when bonds will be redeemable, and if the investors of these bonds expect to have them paid with the revenues that come out of the same products they import to the US, they are awaiting a rude awakening. I don’t think Obama could have timed it better… It is like a Pump and Dump strategy for stocks…. The major concern would be to minimize the devaluation of the dollar…. If Geitner is gutsy and stopped saying “Let me just step back for a little bit..” every other sentence, he’d have a side-bar with Obama, and convince him to go one to one with the Euro as soon as the Trillions in foreign owned US debt start being due. For that to happen, new coin would have to be printed for the US dollar. And isn’t it about time already ?! with all the talk and doubt of where the money is going and remember the millions and millions that are still unaccounted for from Bush’s disaster ? And all the dollars abroad being funneled through black markets and warlords/druglords…. Slap new faces on them bills, change ‘em up already, and print away Geitner ! Geez ! Learn something from other world economies for a change. I don’t know what it will take for the US to realize what rock bottom is and what the maneuvers are, however nonchalant and unorthodox they may be, to gear back up as a working cog in the wheel.

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4 Responses to “Nationalizing The US Dollar (thoughts on Jan.27th State of the Union Address)”

  1. The most comprehensive info I have found on this subject on the net. Will be back soon to follow up.

    • Thanks, the short article got over two hundred views right after the address. I tried to nail exactly what we can expect to come if what was said is put into action.
      Last night I went to bed thinking of a response to your response, and I started thinking about the trillions in debt that are for the most part being supported by expected investment returns in part of foreign capital (the US dollar ‘Global’ bailout) with the purchasing of treasury bonds. So what happens when Geitner has to answer to these investments ? Many speculate inflation will over-set the unmanageable new debt that printing out 10% on these bonds will create. However, I think that there are more angles to this play than usual because it is also intertwined with the credit crunch and what that causes to expected consumerism…. That’s why Obama is trying to start chewing at it from all sides with domestic incentives for production, and tariffs on imports… Either way, there will come a time when bonds will be redeemable, and if the investors of these bonds expect to have them paid with the revenues that come out of the same products they import to the US, they are awaiting a rude awakening. I don’t think Obama could have timed it better… It is like a Pump and Dump strategy for stocks…. The major concern would be to minimize the devaluation of the dollar…. If Geitner is gutsy and stopped saying “Let me just step back for a little bit..” every other sentence, he’d have a side-bar with Obama, and convince him to go one to one with the Euro as soon as the Trillions in foreign owned US debt start being due. For that to happen, new coin would have to be printed for the US dollar. And isn’t it about time already ?! with all the talk and doubt of where the money is going and remember the millions and millions that are still unaccounted for from Bush’s disaster ? And all the dollars abroad being funneled through black markets and warlords/druglords…. Slap new faces on them bills, change ’em up already, and print away Geitner ! Geez ! Learn something from other world economies for a change. I don’t know what it will take for the US to realize what rock bottom is and what the maneuvers are, however nonchalant and unorthodox they may be, to gear back up as a working cog in the wheel.

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