Dollar collapsing?

It's time to bring something totally different than Belgium politics now:

I'm going to introduce you into some knowledge I noticed by chance. I can still barely believe it is real because it's really mind-boggling. So if someone has information that contradicts anything I'm going to write now (or anything what is in this blog at all), please give me a sign. :)



In Holland there is a docu-serie called 'Tegenlicht'. In November 2005, they broadcasted this informationserie about the real value of the American Dollar, titled 'the day the dollar drops'. In this docu was claimed: (I translate literally): Every second, the United States borrows 18 000 dollar. In total, it makes three billian dollar a day. This money is been borrowed especially from Asia, in particular China and probably also India. This way US get money to spend and buy stuff from ... China... and China builds up a (n invisible) reserve. So if China doesn't borrow money, it doesn't sell anything anymore in the US cause they simpley are out of money. This way, the two worldpowers hold each other in a constricting grip.




As long China is wanting to be a world bank for the US, everything goes well. But from the moment they realise that this money borrowed by the US won't come back, because it's just an amazing amount (in total, it's according to this site + 11 trillion dollars!).
This means there is like a bomb ticking beneath the US that may one day explode. That day the worth of the dollar will be far beneath any other coin in the world. This makes it even more problematic for 'worlds most powerful country' to pay ever back with they lend China. How this is going to be soluted and how this will affect world's economy, we might knew soon.


Today I read in "the Time" (De Tijd, a Belgian economical newspaper) this for me astonishing and shocking article. Astonishing because of the implications it may have for the welfare of the world and I'm not able to make a realistic estimation of the possible consequences of this:

De Chinese centrale bank heeft dinsdag opgeroepen om de Amerikaanse dollar te vervangen als internationale reservemunt en het internationaal monetair systeem te hervormen.

Literally translated, it says: "the Central Bank of China tuesday has called for a replacement of the American Dollar as the coin for international reserves (and to reform the international monetary system.)



As I stated before, I don't know where that will lead. And I don't know if I want to...







Will be continued, at least if the world economic doesn't slows so much on 24 hours (as predicted by some experts in the docu above) that I won't be able to pay for my internet anymore. :)



Smart persons among us already noticed that the US government has the same attitude as wat it's population is been blamed: buying everything on credit, and what now is the cause of the worldwide financial crisis. But there is more to come...

Are we pointing to the right man?

At the end, you can imagine Yves Leterme got al the blame for gettting no agreement to form a government to lead the country. But did he deserve that?
What only few people realise is that the base note of the pin points of the union reformation was made by no one less than ... Guy Verhofstadt. At that time looking for a free position in the European Union. Guess who might have collected all the blessings if the note would have been backed up by everyone.... (an impossible scenario). It may also be clear who got the humiliations if the note was not back-uped by everyone.



Leterme was actually gifted with another surprise from the previous politicians (government). Verhofstadt did not find it necessary to, despite all the calls of intellectuals and economical teachers to provide some savings for the future, prepare for the grey golf which comes closer day by day and may be a great danger for ouir welfare. Instead, he claimed measurements to save were not necessary because the economy was doing well. But, though the economy was doing well he had to do all kinds of trics to keep his government budget in balance. So he took all kind of short-term-importance measurements without thinking about the consequences. Why should he? This were worries for the future.. if the population would chose him again as a Prime Minister... now this chances had to be as high as possible, even by making choices that were impairable with good long-term management. (But you can't blame any politician for doing that. Almost any human being with a good job will do everything to keep his ass safe.)
Among these measurements were the selling of buildings from the government (and renting them immediately back ........) and the paying of the vacation salary at the huge adminstration corpse. This way, Verhofdstadt got his budget in balance at the end of the year. But he left his successor with a very difficult task: keep his budget in balance, in a financial crisis, without losing the demographic factors



So Verhodstadt was a real liberal...

The raise of votings for CD&V (continuation of the previous post: roots of the political crisis)

CD&V mainly took over some points of the Vlaams Belang and attenuated them, so they made them more interesting for a more diverse public and less extremistic. They promised a 'union reformation'. The structures of our state would be changed thorougly, leading to a greater independency of Flanders and Walloon and also resolving some territorial issues.
Front leader of the party at that moment had become Yves Leterme, a man from West Flanders who already was the Prime Minister of the Flandern government on that moment.



With his new and revolutionary program he promised to resolve all issues who were frightening every Belgium politician and were pending for years and years between Flanders and Walloon.
Leterme got chosen by the population and became the Prime Minister of Belgium. This implies he had the task to form a government. This didn't seem to be a cup of tea. As expected, especially the Walloon politicians blocked the negotiations on all possible ways. The four Walloon political parties demanded to not separate BHV, to appoint the chosen Frenchspeaking politicians as city managers of Dutchspeaking communes (which is against the main law, it only allows that French/Dutchspeaking persons govern in French/Dutchspeaking communes) and to stop using the argument that Dutchspeaking (Flemish) people are the majority of the country's population.
(This argument is being used by Dutchspeaking people to point out that the French community gets more money to spend par person, then the Dutch community does...). The Flemish politicians didn't agree with this argument cause this will lead to an expansion of the French community (and so a loss of the Flemish territorium) and an expansion of the French-spoken region while French-speaking people are already moving to Dutch communes, suppressing the Dutch language in this communes because most of them are unilingual, making it hard for Flemish people who also are unilingual to live their because their entry to certain facilities is hindered.



This made it impossible for the government to form a consensus, subsequently Leterme was leaven no choice: betraying the people that voted for him by giving the Walloon people what they wanted, even if this importance was totally contrary to Flemish importances and making the most important things he wanted to ask subsequently impossible (because he would be inable to use the argument of the fact that the Flemish people are in the majority), or ... just stop with the negotiatons and resign...
He chose to stand up for the rights of the people he defended, and resigned honourably...

From the beginning it was clear: nevertheless the fact that Leterme was chosen by the majority of the people to govern the country and his very brave intentions, somewhere behind the scenes he was being totally sabotaged. Leterme could impossibly succeed. And no-one with this demands at the Walloon people would ...