The mainstream media in the United States is almost totally ignoring one of the most important trends in global economics. This trend is going to cause the value of the U.S. dollar to fall dramatically and it is going to cause the cost of living in the United States to go way up. Right now, the U.S. dollar is the primary reserve currency of the world. Even though that status has been chipped away at in recent years, U.S. dollars still make up more than 60 percent of all foreign currency reserves in the world. Most international trade (including the buying and selling of oil) is conducted in U.S. dollars, and this gives the United States a tremendous economic advantage. Since so much trade is done in dollars, there is a constant demand for more dollars all over the globe from countries that need them for trading purposes.
Category: Regions
TRIPOLI, Libya (AP) — The U.S. ambassador to Libya and three other Americans were killed in an attack on the U.S. consulate in Benghazi by protesters angry over a film that ridiculed Islam’s Prophet Muhammad….
Underneath all the shallow K-Pop, fashion and modern entertainment, South Korea remains an interesting country with a profound past. My travels in South Korea certainly made me realize the tragedy of intervention, the inescapable fate…
The article below was written for the Journal of 9/11 Studies for the eleventh anniversary of September 11, 2001, the day that terminated accountable government and American liberty. It is posted here with the agreement…
Too Much Government Debt Hurts the Economy … But Too Much Private Debt KILLS It Preface: We like to debunk myths held by both the left and the right. For example, we have repeatedly…
Lawn and garden products company Scotts Miracle-Gro will pay $12.5 million in fines for poisoning bird feed and violating pesticide laws, officials said Friday. Scotts will pay record criminal and civilian penalties for a…
I don’t know about you, but I would label my personal knowledge of Hungary as wanting, if not painfully incomplete. It’s not an easy country to come to grips with, not least of all…
If political conventions are ranked on a one to ten scale for intelligence, I give the Republican Convention zero and the Democrats one. How can the United States be a superpower when both political parties…
Consummate warmonger and perennial Senate fixture John McCain stepped out of the super-secret globalist Ambrosetti Forum in Italy the other day to take Obama to task for not killing more Muslims and Arabs and for…
Washington D.C. foreign policy think tank the Center For Strategic & International Studies took a long hard look at what it really means to thwart Iran’s nuclear ambitions, what it would take, and what it could lead…