Who's fooling Who?
edited: Friday, May 11, 2007
By Val Fredericks
Not "rated" by the Author.
Posted: Friday, May 11, 2007
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Lindsey Williams discusses his cross country tour and mulls over the gas prices in the USA.
Who's Fooling Who?
From Lindsey Williams
I have just returned from a speaking tour all across the country and want to share some things with all of you. There are some interesting patterns occuring with gas prices, that if you have not noticed yourself, you need to know.
Gas Prices Per Gallon (regular gasoline, unless stated otherwise):
San Francisco, Ca $3.90
Los Angeles, Ca $4.00 (premium)
Seattle, Wa $3.70
Portland, Or $3.70 (premium)
Las Vegas, Nv $3.60
Phoenix, Az $3.60
Vancouver, BC Canada (Gallon equivalent is $5.00)
Though these prices are shocking to some of us, you must know they are not going to stop rising. Furthermore, I want you to know something that may shock you even more than that. The price of gasoline has NOT gone up.
In 1960, I paid $.35 cents per gallon in Hollywood, FL. The fact is, we are still paying proportionately the same $.35 cents per gallon for gasoline as compared to the value of the American Dollar. GASOLINE PRICES HAVE NOT INCREASED, the value of the dollar has diminished.
Let's take a look at the facts: The US dollar is approximately $.81 on the world market today. It now takes $2.00 US to purchase one British pound. As a matter of fact, using the nominal gross domestic product (GDP), the dollar is worth less than $.01 today as compared to its purchasing power just 100 years ago.
It is predicted by most money analysts that the dollar will loose approximately 30% of its value within the next 12 months. Iraq, monetary policy, current and seemingly impending additional military conflicts and many countries leaving investment in the dollar are a direct catalyst of this harsh situation.
In 2006, China lost approximately 26 billion Yuan ($3.4 Billion) from exchange-rate movements worldwide. On March 15, 2007, in an effort to manage further deep losses, China established a new agency called "SAFE" (State Administration of Foreign Exchange), for the purpose of diminishing their foreign currency (paper) holdings, specifically the US dollar.
It appears that they are dumping the dollar as fast as they possibly can, without damaging themselves in the process. It is simply a matter of supply and demand, which is resulting in a rapid decline in the value of the American Dollar. Today, China holds some $1.2 Trillion of American Dollars, which is enough to buy all the available Gold on the face of the earth.
Today, May 8th, the Dow Jones hit the highest point in US history. The scary thing about this is that this benchmark is beginning to look exactly like what occurred two years before the first major stock market crash in 1929. Today the market did the equivalent of what happened in 1927, just two years before the crash and subsequent depression. But I want you to know this: The Dow Jones has not actually increased in value. Rather the dollar has diminished significantly in its actual purchasing power, resulting in the perilous position our currency is in today.
Let's go further and take a look at something seemingly harmless such as postage rates. On May 14th 2007, the US Postal service will increase first class postage from $.39 to $.41. Seems somewhat normal for a nominal increase, right? Wrong! In fact, the price of postage HAS NOT INCREASED. Rather the purchasing power of the dollar has diminished. More importantly, the Postal Service also announced that they are releasing a new "Forever Stamp" designed to allow its holder to send first class postage forever, as long as they have the stamps in their possession. The obvious reason for this is that they, and all other government agencies are desperate for revenue. What do they know that they are not telling us? Why the smoke screen?
You need to know that NO fiat paper currency has ever existed on the face of the earth for over 60 years without a significant devaluation. The US dollar is not exempt from this phenomenon. It has been in existence in its current form for some 70 years now. Think about it:
My friends, there is something that you also must know. The dollar must collapse in order for the North American Union to bring in the "Amero".
I believe it is time for each and every one of you to do your homework. I recommend you check the facts and do your research. It is not a matter of if the dollar is going to collapse, but rather WHEN.
Go here to find out about the North American Union:
Web Site: North American Union
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