Got Some Change, Mister?

by Ryan on October 13, 2009

in Economy,Politics,War on Terror

We’re breaking and it’s getting obvious.  America’s enemies only had to wait a little over eight years since 9/11 to see America’s global economic system turned on its head, begging for mercy through debt handouts, massive printing, and the flight of the dollar as the world’s reserve currency. 

Why all the pessimism?  Well, word came out that today that there’s been a massive shift from the dollar to the euro and the yen.  We’re down to 62% of reserve currency in many international banks; so we’re not done for yet, though that number is at a record low.

Now what if a few of these things happen:  what if OPEC decides to pin oil to the euro?  We’d be screwed.  Also, what if Bernanke goofs up?  We could easily have hyper-inflation or a decade-long deflationary morass which will weaken American influence and standing in the world a zillion times more than anything George W. Bush was accused of doing.  All this and adding another trillion-dollar health care liability program?  Also, let’s just say that Israel attacks Iran and Iran closes the Straits of Hormuz?  Where are we going to get the money to pay for an escalated conflict we can’t ignore? 

It’s scary if you think about it, but unfortunately we need start thinking seriously about it before it’s too late.

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We Spent $787 Billion, and All We Got Was A Lousy T-Shirt | Axis of Right
October 15, 2009 at 9:14 pm

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