Quote:
Originally Posted by Claeren
That is true for small secondary economies (like Canada even) but it is not in any way a viable long term policy for a super power like America. Especially a super power addicted to energy imports from around the world just to stay afloat and a perchant for needless and expensive wars every few years. Imagine the Iraq/Afganistan price tag with a USD 20% less valuable?! It would be potentially hundreds of billions higher. Likewise with the price of oil, current $60 USD/br oil is actually $40/br with the massive ~30% loss in USD falue factored in. It could go up to $80+/br based on a USD loss alone...
There are hundreds of advantages to being the premier world currency, and all of them are lost with a weak dollar policy.
Claeren.
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is it possible that there are forces that want something of a collapse in the united states economy?
perhaps the same forces that keep the border open for 2000 illegal immigrants every day, and lobbythe government for amnesty?
the destruction of the middle class, and obviously with that the total economic power of the country?
oil companies poised to pick over the bones, foreign debtors guaranteed property rights on US soil as collateral, perhaps the private ownership of the federal reserve, to whom so much of this debt is owed?
there are always winners in economic collapses. i really wonder sometimes that if some people benefit, would they not be working the system towards collapse?