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The Faith Value of The US Dollar PDF Print E-mail
Financial Crisis
Thursday, 08 October 2009 10:39

Unfettered greed, plain usury, outsourcing and endless wars have hollowed out from the inside the American Economy. And the black horse of the Apocalypse is running free dollar papercollecting his dues.


The once mighty dollar has been reduced to nothing more than worthless paper devaluated to but a shadow of its former glory. The UN, China, Russia, Arab Nations and World economic leaders are all calling for a new world currency, In essence, the report calls for a new Bretton Woods-style system of managed international exchange rates, meaning central banks would be forced to intervene and either support or push down their currencies depending on how the rest of the world economy is behaving.

 How ironic that the idol that so many worshiped has come down bring with it its mighty temples and threatens to bury its devotees. Is not a question of if but when will the US Dollar collapse. Panicked investors have reacted by driving the price of gold to new heights never seen in world history.

 

Last Updated on Thursday, 08 October 2009 11:56