reply to post by Attari
Going back to the OP having read through the whole thread, it seems there is a bit of paranoia in evidence here, guys. The usual 'it's all a great
conspiracy by the NWO to enslave us' crowd seem to be out in force. Maybe. We'll have to wait and see, won't we?
The truth is, the US$ is not likely to either devalue to the point where it's worthless nor is it likely to disappear into the Amero yet (the US
economy is so much bigger than that of Canada and Mexico combined that it would dominate the north American economy and determine the value of the new
All that's happening is an adjustment. The US economy is in slow relative decline to other major global trading blocs and no longer dominant, though
still important and likely to remain so for many decades ahead.
Some predicted as long ago as 1990 that the US$ would lose its reserve-currency status in the C21. This process is starting to happen and by about
2030 the Chinese Yuan or the Euro may well have replaced the $ as the global reserve currency. This will not be a disaster, least of all for
Americans, just another evolutionary step in the global economy, like the GB£ losing reserve-currency status to the US$ a century ago.
China is already the biggest manufacturing power on Earth by some margin, and heading towards lead economy status. The thinking behind the Euro
project was simply to hedge against smaller, fragmented European economies being kicked around by China, India and other large emerging economies as
the C21 develops, by making a bigger and more powerful trading block with a unified regulatory framework and no internal borders. Very sensible.
Sensible for North America to go the same way too - particularly as there are only 3 economies involved, not 22 as in Europe.
I can agree in large part with some of the analyses posted by other members in this thread as to the reasons why the US economy has been heading
downhill for some time and made this adjustment necessary - 'we are addicted to cheap Chinese manufactured goods', etc. I am surprised though, that
the 2 most obvious factors which may be ruining the US economy have not been discussed much:
1. The enormous military spending - how many trillions of $ annually are poured into this black hole now?
2. The even more gigantic drain on the national budget used to covertly fund all the 'black projects' allegedly in the interests of 'National
Security' and documented so extensively and in such detail by writers such as Richard Dolan (not promoting his work just because he's a friend of
mine, but he really has done a lot of research and has all the numbers in some detail)
China, and to a lesser degree Europe, do not waste this kind of money on military projects. They spend some, but are not in the same league as the
USA. Sooner or later, this is going to drain an economy and start to have an effect. As an example, unique amongst the world's 'developed' nations,
the US can't even afford a free-at-the-point-of-use universal healthcare system for all its citizens - the money is all used up by the military
spend. (I am not always a fan of Michael Moore, but if you haven't seen 'Sicko' you have missed his career-best work, so see it. It's entertaining
Just a slow change, guys. The US$ will stop sliding and will recover somewhat. But it is unlikely to ever be the dominant currency it once was. It'll
be one of three or four major global currencies, and lose its special reserve status. But there will be no apocalypse. The underpinning is too
Don't worry, American cousins. It'll be a bit rocky for a few months, but all will be well. You'll see.