People & Power: Death of the Dollar - Part 1
A country whose standard of living is decreasing cannot be said to be 'making progress' nor will it be a 'superpower'. Full Story »
Posted by Bruce SimsA country whose standard of living is decreasing cannot be said to be 'making progress' nor will it be a 'superpower'. Full Story »
Posted by Bruce SimsIt would be better without the Michael Moore style melodrama, but factually is accurate compared to the financial pages I visit. The piece details international impacts of the dollar's fall from being the accepted exchange medium that could put the U.S. into 2nd or 3rd world status. The scenario described is that other nations will decline to float our loans on increasingly worth-less dollars, and without manufacturing or salable services to trade, we will be reduced to taking in each other's laundry, if not sneaking into Canada for work as "illegal aliens". Some oil producing nations have or are edging toward trading in Euros or a "basket" of currencies and countries holding trillions of greenbacks are being driven into ... More »