October 22, 2005 journal, 2 ways money can go, be devalued to zero or product inflation.

I predict that someday soon you will wake up to a worthless dollar. Your current electric power may cost 20 times more if you pay in dollars or your friendly power company may not take dollars. Your neighborhood grocery store may not take dollars. Wal-mart may not take dollars if they cannot buy goods from China with dollars. The dollar will most likely not exchange for Euro dollars, British pounds or gold, silver or precious metals at all. I have seen this happen in Mexico in the 80s with devaluation a thousand percent. It has happened to South American currency and the Philippines, it surely can happen here.

Even hard-core Republicans and war supporting church members are saying that we can-not continue spending money by the billions all over the world and retain this currency as

spendable here or abroad. Any cotton picking economist knows that the more we spend, the weaker it gets until the bottom falls out. Considering the real national debt is believed to be in the trillions, maybe as much as 100 trillion all together long-term, using standard with accounting procedures. To my knowledge we do not have any accounting procedure.

We figure everything by the budget and the non Federal Reserve magically creates all the money from nothing. There is no limit to their debt but the problem is when countries like China build up such a vast reserve then come and cash it in. The strength of our economy is based on our economy which is depleting daily at a rapid rate. Our jobs are lost and families are hungry. Businesses are failing faster than ever in history other than possibly The Wall Street crash of 1929 when the banks all failed. The dollar stayed strong during the depression because it was backed by gold and could not fail. Today we have only US paper money with no gold. We have imaginary money which will be challenged shortly.

A third way has entered the picture, it is deflation. They say we can control inflation but not deflation. For example, Delphi has declared bankruptcy. It is said they offered their employees a 60% cut in pay which was rejected. If you're making $30 per hour, suddenly you're making $12 per hour and cannot spread that over your expenses then you go broke.

James Davis of New Orleans who was beaten by police say he was not drunk when the police attacked him. Another officer shoved the TV cameraman against a car. Davis is a retired schoolteacher and property owner was beaten brutally and put in jail even though he needed stitches under his left eye. NBC showed a short version with a man standing there to say quickly that only part of the scene was shown to make it look like the police brutality. New Orleans has a history of police brutality. A civil-rights investigation is in.

Recently 2 British soldiers were arrested in Iraq wearing Iraqi military uniforms carrying explosives. They were quickly busted out by the British. Now 2 American soldiers are killed in plain clothes and the cars they were in were burned apparently to hide evidence. Not one of the 3 major networks reported this strange happening, what is going on over there that they do not want us to know about. Some say they are causing the trouble but accusing "insurgence" of the dirty work. CNN and Fox News reports such incidents but not a word from the tri-majors. Then it all seems to disappear from those news agencies. Are we trying to start a civil war in Iraq as an excuse to destroy more? We know very little about our own government and their secret agenda in the occupation of the Iraq and Afghanistan. We I believe are about to see a total collapse of the stock-market on Wall Street. This is simply the result of a failing economy as all our business moves overseas. We are the largest buying nation on earth and it has caused a giant imbalance of trade.

We are buying and not selling. We are spending and not producing. We are defeated.