http://www.financialsense.com/fsu/editorials/2008/0107c.html
Some good pictures of houses and cars and which will be for some boomers
nostalgia shots.
What is not emphasized in this article is too even achieve the fragile
transition the author is proposing the dollar would have to maintain (some)
credibility in the world financial markets.
I don't believe this is likely as the value of the dollar is no longer
determined by the U.S. treasury but by the foreign holders of dollars.
When they are lending it back to us they have the leverage to the decide
terms and even value.How do they do this? By setting the interest rate is
the most direct.
And what will transpire is one of those countries will get ahead of the
others and that will start the dollar fall.
Then dear friends our even dearer foreign friends will just start to eat us
alive. What's that ole phrase: I smell the blood of and American?
And even foreigners can learn to like junk food.
The dollar is fake... they know it... we know it... and everyone is waiting
for someone to trip while pushing a wheel barrow of our phony green and the
whole make believe parade will end when no one bothers to pick them up.
People i think could accept the world hated the U.S. and has for some time.
But they also had fear of the U.S. because of it's aggressiveness and it's
finacial power. The loss of financial power has swiftly changed that fear to
contempt. Our flag around the world has lost it's status as a standard of
hope for many people and is seen as a target of hatred and contempt.
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