I KNOW FOR THE PAST FEW WEEKS I HAVE CONTINUED TO POST THE SAME EXCERPT IN CONJUNCTION WITH ENGLAND’S ECONOMIC CRISIS.I DID/DO THIS PURPOSELY .THIS IS TO SHOW YOU JUST HOW RIGHT ELIJAH MUHAMMAD IS WHEN HE SAYS A THING.
TODAY I WILL AGAIN POST THE QUOTE ALONG WITH WHAT IS COMING UPON ENGLAND.YOU CAN READ IT AND DECIDE WHETHER OR NOR IF IT IS RIGHT AND EXACT:FROM ,”THE FALL OF AMERICA”,(THE DECLINE OF THE DOLLAR)….” The strong-hold of the American government(&ENGLAND) is falling to pieces. She has lost her prestige among the nations of the earth. One of the greatest powers of America was her dollar. The loss of such power will bring any nation to weakness, for this is the media of exchange between nations. The English pound and the American dollar have been the power and beckoning light of these two great powers. But when the world went off the gold and silver standard, the financial doom of England and America was sealed.
The pound has lost 50 percent of its value. America’s dollar has lost everything now as power backing for her currency, which was backed by gold for every $5 note and up. All of her currency was backed by silver, from a $1 note up.
But today, the currency of America(& ENGLAND) is not backed by any sound value – silver or gold. The note today is something that the government declares they will give you the value in return, but does not name what the value is. But they definitely are not backing their currency with silver or gold.
This is the number – one fall, and it is very clear that the loss of the power of the American dollar(& THE BRITISH POUND) means the loss of the financial power of America(& ENGLAND). What will happen since there is no sound backing for her notes we do not know.”:Debt Facade Cracking in U.K. as Sovereign Contagion Spreads
When Greece’s markets first started cracking wide open, a lot of claptrap spewed forth from Wall Street. The general consensus:
• The problems in Athens would stay bottled up in Athens.
• They would remain “contained.”
• They didn’t mean anything for larger economies, including the rest of Europe, the U.K., or the U.S.
Me? I told you the exact opposite …
I said the implosion in Greece’s stock and interest rate markets — stemming from concerns about that country’s massive debt and deficit problems — were a huge red flag. They foretold a collapse in other sovereign debt markets, with collateral damage in currencies and equities.
Lo and behold, markets are now weakening worldwide. And this week, the contagion spread to the U.K. The British pound got hammered, while the FTSE 100 Index rolled over, amid concern the U.K. would be the next domino to fall!
The U.K. Gets Its Turn In the Docks
What triggered the latest batch of trouble?
On Monday, the country’s new prime minister, David Cameron, warned that the U.K.’s fiscal position is “even worse than we thought.” He went on to say that “How we deal with these things will affect our economy, our society — indeed our whole way of life.”
The real “money quote” though came when he said:
“Greece stands as a warning of what happens to countries that lose their credibility, or whose governments pretend that difficult decisions can be avoided.”
That’s exactly what I’ve been saying for months. And it’s good to finally see a courageous politician acknowledge reality. The problem is that the U.K. is in such dire financial straits, it will take drastic action to get the country back on track……..HERE IS MOREClick here for reuse options!