Home > ... > Forum 32415

> Collapse of U.S. Economy Imminent

22 January 2006, 16:10

Mr/Ms 88 162 has no idea what "reserve currency" (the US Dollar) means, nor does s/he probably care since it would require a bit of work to grasp how it works and how it benefits the US economy in direct and indirect ways. Nor does s/he know that the British Pound Sterling was once the world’s reserve currency before the "Empire" collapsed after WWII. A petro-Euro vying with the petro-dollar for world hegemony as the reserve currency is a BIG concern for US policymakers, and an eventual supercession of it over the petro-dollar could possibly create a Weimar-like or Argentinian inflation that would have us all scurrying to Home Depot to buy wheel barrows. But, this scenario, if it comes to pass will take many years to come to fruition. In order to stop it, the only recourse would be naked aggression by the US, which is already afoot, if you all haven’t noticed.