sick.
Quick....we need to PRINT MORE!
See, Obama made sure that even the dollar is getting it’s comeuppance. That show that US. /sarc
lol
We’re broke and we’re going down the tube!
It’s going to be a quick ride down, when it takes hold and hard crash. Good luck!
I think there will be a massive financial reset around the globe. And some country (China) will find a way to tie their currency to gold and they will dominate all other nations in the financial marketplace. The US will not be able to do this, because we’ve sold all our gold (and the gold which other countries left in our vaults for safe-keeping).
Gold may have to be $10,000 an ounce, but the winning currency will be tied to gold, and fiat money will be dead.
CWII Spark — Congress’s continual failure to regulate the value of the dollar (ceding the power to the private entity called “Federal Reserve”) has resulted in your money losing nearly all its value.
I have found this website to be a very useful source of information on the economy, gold, and silver.
http://goldismoney.info/forums/
As such, Bretton Woods was US-dominated and produced a settlement largely on US terms.
The Bretton Woods era ended over 40 years ago when Nixon closed the gold window. The current dollar weakness started under the terrible W, and is continuing under the more terrible Obama.
About a year after Ubama leaves office he will admit that he was a Musloid all along.
America has been able to pay for imports with pretty little pieces of paper and entries in an electronic ledger. That is coming to an end. What now?
I don’t take the past 6-8 years as some forecast for the next 20. I think the dollar’s decline is specifically related to our current President.
Just like gas and energy prices.
I see an American come-back in our future that will rival the 80’s IF we are fortunate enough to get some decent leadership in the next President.
Otherwise, yeah - we be screwed for a very, very long time.
It’s almost past time to get our spiritual houses in order.
The Declaration of Independence and Constitution were written with the PRESUMPTION OF LIBERTY that is the inalienable right of each citizen
Government acts with the presumption of total power over each citizen. It is easy for one branch of government to give other branches permission to expand or maintain their power. It is difficult, for one branch to reign in the power of another branch. This is made even more difficult when a common, power-oriented, ideology pervades members of each branch.
The primary limit on government power is the limited money it can spend. When government gives itself power to create near-infinite amounts of money through an “independent” central bank, then there is very little to limit near-infinite amounts of government in all forms, particularly the groups that it will give subsidies to and the bureaucrats it will employ.
Every day more people are coming to the judgment that a carefully organized effort to repair the constitution via the States’ power to propose and ratify amendments has less risk to our liberty and prosperity than the present trajectory of the federal government and especially the federal bureaucracy.
The first order of business of an Article V Convention must be to limit government’s ability to spend and create near-infinite amounts of money.
Counterfeiting our own currency does that.
Why would anyone want to have a counterfeit currency as the world rerseve currency?
They have been declaring the end of dollar before global global cooling was fashionable.
Compliments of the Progressives who gave control of our money to private banks (The Federal Reserve), and ensured devaluation of our money by removing it from any links to reality (taking it off the gold standard).
This always spells the doom of every country which goes down this path.
And none of this is accidental. It repeats itself throughout recorded history and is designed to transfer wealth to a small group of elites. The Founding Fathers were well aware of it and did their best through the Constitution to preempt it.
The decline of our currency has to be related to the performance of others; I don’t know about the yuan, but value against the euro hasn’t changed much.
Of course I’m not well versed in this. Maybe somebody here’s been keeping track.
When the dollar ceases to be the world’s reserve currency we will probably experience Weimar Republic type hyperinflation.
Scouts Out! Cavalry Ho!