posted on Jul, 10 2008 @ 08:35 PM
On a MACRO level, the U.S. has been the recipient of largely unearned prosperity for the last 40 years or so. Other countries' reliance on the dollar
is coming to an end, aside from those who are tied to our debt (suckers!). This all goes back to the elimination of the gold and silver standard and
the proliferation of paper money. No, thank YOU Federal Reserve. :-|
In short, many of the goods and materials we've been enjoying are backed by a currency that has little value. Our only redemption (if any), is that
so many countries are now tied to the U.S. economically that it will be in their best interest to cooperate with the U.S. agenda.
Saudi Arabia's king is thumbing his nose at the U.S. and refuses to produce more oil because the currently high prices are paying his share of the
American deficit. Now that American muscle is on the wane, he knows that we can't afford to coerce any nation to accomodate us. We've painted
ourselves into a corner.
I'd be indifferent to see Americans live within their means, though. In fact I'd welcome the change. This whole idea of "credit" is a crock,
designed to lure people into debt. And it worked like a charm. I don't wish for families to stand in soup lines or lose their homes. But serioiusly:
what were we thinking? Fancy cars, dining out every night, entertainment systems monopolizing our whole living rooms with PS3s, DVDs, DVRs and cable
TV. What a self-indulgent nation we've become. And if it hadn't been for our materialistic impulses, we probably wouldn't have had the diligence
to conjure such capitalistic schemes for the typical consumer. The whole system is perpetuated by advertising and business.
One day it may all go away and you might have to (gasp!) read a book for entertainment purposes by candlelight.
God Bless What's Left of America.!