Glenn Beck – Dollar Disaster Leading To One World Government?

From The Transcript – We’re spending ourself. Into oblivion there is going to be nothing left. I want to show you a video something that somebody sent to me last week it’s from CNBC. I don’t this guy at a I don’t know anything about this guy has been interviewed we did some checking on and give his bio here a second. He’s not crazy he may be wrong but he’s not crazy. He was on CNBC’s Asia Squawk Box I was dumbfounded by this interview because they post didn’t say hopefully put weight. What. I have never heard anyone on television say this before watch this.”

” Oil looks higher. Gold looks higher currencies look weaker all for the reasons that we talked about before he ended. You’ve got usual wage disparities. I don’t know how that inevitably resolves itself.”

” On it may resolve itself and Tom — a — of a global currency crisis. And then if the global currency crisis unfolds then inevitably you get. I guess an alignment under a global world government. I knew global currency bond and — new world order.”

” So. We may be moving towards that can talk a little more about this set records secret CCC. Erupting what does that humor about what’s gonna happen to the dollar. Well it assumes that dollar — get destroyed. And become virtually –”

” Again I can’t take it again take it well talk to be a little bit more about this currency crisis what does that do it. Bill I need it did not hearing wrong play just a little sniping didn’t what did you just say.”

” If the global currency crisis unfolds then inevitably you get. I guess an alignment under a global world government. I — global currency. And any new world order.”

” Good. The guest just said that the dollar would collapse and replaced with some sort of global currency I mean have you checked the front page of the drugs report today China’s saying. Hate America you really might wanna rethink that whole health care thing it seems pretty expensive. That is our bank that’s your bank calling up and saying hey by the way I think guys are spending too much money SF that’s a pretty big house. If this bank doesn’t give us anymore alone or we — this bank there’s nobody left. A one world government a new world order. And a host doesn’t even flinch apparently.

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Federal Reserve Puzzled By Yield Curve Steepening

The Federal Reserve is studying significant moves in the U.S. government bond market last week that could have big implications for the central bank’s strategy to combat the country’s recession.

But the Fed is not really sure what is driving the sharp rise in long-dated bond yields, and especially a widening gap between short and long term yields.

Do rising U.S. Treasury yields and a steepening yield curve suggest an economic recovery is more certain, meaning less need for safe haven government bonds and a healthy demand for credit? If so, there might be less need for the Fed to expand the money supply by buying more U.S. Treasuries.

Or does the steepening yield curve mean investors are worried about the deterioration in the U.S. fiscal outlook, or the potential for a collapse in the U.S. dollar as the Fed floods the world with newly minted currency as part of its quantitative easing program. This might be an argument to augment to step up asset purchases.

Another possibility is that China, the largest foreign holder of U.S. Treasury debt, has decided to refocus its portfolio by leaning more heavily on shorter-term maturities.

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If You Think the Dollar Is Doomed, Read This

Warren Buffett has been called a sage, an oracle, and a genius. So when he says something as startling as the following, your ears should perk up: “In the future, I would predict that the U.S. dollar will decline. … Force-feeding the rest of the world $2 billion a day is inconsistent with a stable dollar.”

This is scary stuff. Except one thing: Buffett made that statement at the beginning of 2008, before (1) the U.S. dollar went on to have a pretty good year versus most other currencies, (2) the U.S. government announced the $800 billion bailout and $789 billion stimulus that will force-feed the world billions of additional dollars of U.S. debt, and (3) China’s central government proposed replacing the U.S. dollar as the world’s reserve currency.

Passing on the buck

Now, we’re not policy wonks, Ph.D. economists, or long-winded talk-radio hosts, so we’ll leave the politics aside and focus on the implications for your bank account instead. By adding to our massive federal deficit, the TARP and the American Recovery and Reinvestment Act of 2009 could have a devastating effect on the

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