by Paul Proctor – News With Views
Many, both here and abroad, are wondering now what will become of America. There’s a lot of intense speculation going on these days as to whether we should expect renewal, revival, revolution or the wrath of God.
People are losing their jobs, their businesses, their homes, their families, their pensions and everything they’ve worked a lifetime for. And because the problem is so profound and systemic, there’s really nothing the public or private sector can do to stop our economy from collapsing around us in spite of all the disinformation and outright propaganda to the contrary being manufactured by the government’s mainstream media machine and all those who have a vested interested in keeping the illusion of prosperity alive.
Even the money we use to buy and sell with–the world’s reserve currency–is an illusion that is quickly losing its appeal in the global marketplace. Americans may soon be the only people on earth that take U.S. dollars for goods and services–but for how long is anyone’s guess.
As I write, the Independent is reporting “the demise of the dollar”–that “Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading.” Japan and Brazil are reportedly following suit. And, there’s no reason to believe it will stop there.
Because the dollar has long been the world’s reserve currency, most of it has been in circulation and in storage overseas. Imagine what will happen to its value when all of that unwanted currency comes back home to America from the countries that no longer want it or need it. Click here to continue.
