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...