To: Former Proud Canadian
Unfortunately, this free ride might be coming to an end.I, for one, wish it would. The short-term benefits have been great, but, in the long-term, the dollar's reserve status has allowed our government to indebt us and expose us to the risk of heavy price inflation. Bad moon rising.
63 posted on
06/22/2012 5:17:09 PM PDT by
BfloGuy
(The final outcome of the credit expansion is general impoverishment.)
To: BfloGuy
That is the problem, isn't it? Reserve status of the dollar has given America an incredible gift. Your politicians have squandered it.
There should have been a constitutional amendment to balance the budget. But, who needs the constitution anymore?
64 posted on
06/23/2012 4:17:20 AM PDT by
Former Proud Canadian
(Obamanomics-We don't need your stinking tar sands oil, we'll just grow algae.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson