liveonearth (liveonearth) wrote,

The Dollar is in Critical Condition

I keep getting into arguments with friends who tell me that the condition of our nation is nothing like what happened in Germany before WWII, that our economy is stable and we have nothing to worry about. Then I catch some info like this. The clips below are parts I and II of a Max Kaiser report on the demise of the dollar.

The dollar is a fiat currency; it it not backed by gold or anything of real value. The US went off the gold standard in 1971. In the last 5 years the dollar has lost a THIRD of its value relative to other major world currencies. Around the world, countries are looking for a new reserve currency. The superpower status of the US is almost gone. The standard of living inside the US is on the top side of a free fall.

Interestingly enough, when the US constitution was framed, it was on the heels of the failure of a currency known as the Continental. It makes me wonder--is this an additional reason to look at Ron Paul as a possible leader for our survival of the impending crash? Has our national abnegation of our constitution led us into this situation? Has Ron Paul's lifetime of study on monetary policy yielded an understanding that would allow him to save us from ourselves?
Tags: constitution, debt, economics, germany, gold, hegemony, money, ron paul

  • Naturopathic Notes

    I'm cleaning out my file cabinet and just reached the naturopathic medicine file. It is full of philosophy notes from my first couple years of nd…

  • QotD: Hippocrates on Diagnosis

    Leave nothing to chance. Overlook nothing. Combine contradictory observations. Allow yourself enough time. --Hippocrates (as quoted by Carl…

  • QotD: Profound Approach to Complex Syndrome

    We need to listen to the patients' story and develop a response to it. The approach to complex syndromes may be much more profound than just…

  • Post a new comment


    Comments allowed for friends only

    Anonymous comments are disabled in this journal

    default userpic

    Your reply will be screened

    Your IP address will be recorded