Tuesday, June 09, 2009

The End of the U.S. Dollar as the World's Reserve Currency Will Negatively Affect Us All!

As the world awakens from its dollar high over the last sixty years, the dollar withdrawal will likely be deadly. Nations have grown tired of financing the USA's consumer lifestyle and America's credit card has been canceled by the world at large. It is now only a matter of time before the judgment creditor nations come a calling on these outstanding debts seizing our ports, parks, BLM land, bridges, roads, mines, timber and infrastructure. However, even if these nations do not demand repayment, America will not have the money to continue its deficit spending. The Federal Reserve can print more money, but this will likely lead to hyperinflation as the American people realize how much value the dollar has lost.

If the dollar is replaced as a reserve currency, American military power collapses literally overnight and with it the ability to dominate world affairs. All the aircraft, ships, submarines, the over 700 overseas military bases – mostly in the Middle East protecting the flow of the economy’s lifeblood (oil) - are currently paid for on the Chinese credit card. The wars in Afghanistan and Iraq are in fact being financed bv Chinese money. If military spending had to be paid for by what the economy makes each year in real manufactured goods, then it would have to be cut dramatically until the American defense forces resembles less a super-power and more the defense forces of other large countries.

Source: Global Surf News

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