Author: dragon8

The Hegemony of the Almighty Dollar -- PART 1 [Copy link] 中文

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Post time 2014-10-10 22:13:54 |Display all floors
The U.S. is in a Depression, not a visible daily reminder like 1929 with poor people in soup lines for all to see, but with at least 15% of the population living on food stamps with a debit card and doing so undetected at the grocery store. 25 years later, WWII supposedly was responsible for the recovery of the Great Depression and the 1929 stock market crash.

Currently war is expensive to wage and is not an answer, so without a politically acceptable solution to the problem controlled by self-serving lawmakers not wanting to make budget cuts and curb spending, the country and its citizens could struggle for the remainder of the century with no financially responsible solution in sight. The percentage of jobs in the private sector have evaporated while the Federal Government has grown into a huge bloated and inefficient employer. Government is providing everything for the people instead of letting them provide for themselves and this has ruined what there once was.

Barnum

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Post time 2017-8-21 21:22:43 |Display all floors
Any competent European\Japanese banker, perhaps with a few drinks consumed, in the 1970s could have told you that the dollar  was garbage needing constant purchases by international central banks.

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