The U.S. has almost $15 trillion, yes TRILLION dollars in national Government Debt. The world banker elites are motivated to loan to Governments because they are not required to have any collateral or reserves for these loans. So they get to kick back and pull in someties 36% (varies wildly) interest on 15 tril, well you get the idea. Now you understand why the Rothchilds of are worth $10 trillion and Goldman Sachs into the trillions now also. It\'s the world\'s richest 5 or 6 families enslaving the asses more and more as every year goes by. The hopelessness of our national debt and the stranglehold of these super rich families, will continue to weaken all currencies not backed by gold and silver.
Some say gold went up, not really, the dollar and peso both went down. If gold goes from $300 to $1500 then the dollar and peso free fall collapsed by 500% Shocking to think of it that way right? Well it should be more than shocking. But (i mean this in friendly locker room tavern bar kind of way) the sheeple just will never understand how Governments, billionaires, and banks enslave all of us.
When gold went from $300 to $1200, did you point it out to your employer and say, \'I\'m going to need a 400% pay raise to cover this spread.\"?
So the truth is that both the peso and dollar went down, the dollar thus gone down faster than the peso in recent times. The peso should be much less per dollar (38 to the dollar?) but the Philippines central bank admittedly is tagging it\'s peso to the dollar to protect import/export activity, news articles available just google them.
The United States is expected to introduce an alternative currency as part of this free fall collapse. IF this happens, then the world\'s billionaire (in a couple cases trillionaire) banker elites will get that Government trillions of debt paid off to them in GIANT LUMP SUM! Instead of 3.76 trillion in interest per year (estimated because Federal Reserve conducts this in secrecy), they would get the entire $15 trillion in one lump. We would have 30 days to exchange our dollars at one set rate, then 30 days at another rate, progressively getting worse for the dollar and at the end of the term set to trade over to the new currency, the dollar would literally be worth less than the paper it\'s printed on.
I think the Philippines is going to need to give up on pegging the peso to the dollar, and allow it to fluctuate based on market conditions. The dollar is in a free fall collapse, I wouldn\'t expect it to hit bottom until something radical happens with the 15 tril in debt. I\'m thinking about rolling around in pesos for a long while. Unless you need it liquid for the active use of it, silver, gold, and commodities are booming. Farming is the next super boom. Agriculturally grown fuels such as ethanol will continue to starve the world population and drive food prices up up and up.
Cheers from Ceboom <-- Cebu if One AWESOME city
Topic: How far down will the Peso go? (Read 56545 times)