Just a couple things... First, I haven't argued with you on this subject. Second, I'm not a "Ron Paul bot". I do think he's the only decent republican candidate, but I don't think I'd vote for him if he was nominated, unless is it was him versus Hillary. I like Obama much more.
Just a couple things... First, I haven't argued with you on this subject. Second, I'm not a "Ron Paul bot". I do think he's the only decent republican candidate, but I don't think I'd vote for him if he was nominated, unless is it was him versus Hillary. I like Obama much more.
The dollar is the world reserve currency. That is why oil is denominated in dollars. The US dollar officially became the world reserve currency after WWII as the US Empire officially supplanted the dying British Empire and it's pound.
Today we see the same process going on that went on pre WWII with the British pound. Before WWII the US for a long time propped up the pound and the British Empire until it become unsustainable. We see this today as other nations, that rely on exports to the US to keep their economies going, want the US to have a strong dollar and are trying to prop up the dollar. But the US can no longer keep the dollar strong, the US economy is growing too weak. Outsourcing and the trade deficit is hollowing out the US economy.
Soon the US may be forced to start paying for it's oil in euros or some other currency.
Today we see the same process going on that went on pre WWII with the British pound. Before WWII the US for a long time propped up the pound and the British Empire until it become unsustainable. We see this today as other nations, that rely on exports to the US to keep their economies going, want the US to have a strong dollar and are trying to prop up the dollar. But the US can no longer keep the dollar strong, the US economy is growing too weak. Outsourcing and the trade deficit is hollowing out the US economy.
Soon the US may be forced to start paying for it's oil in euros or some other currency.
LK says:
How does one undermine the knowledge you are so secure in???
For the rest, I think you go too far here. I like the fact that RP brings up subjects that are very ANTI-lemming. For instance, the fact that the Federal Reserve will not report how much US currency is now in circulation (Is it G3 numbers? edit: It`s M3.). I would argue that this, more than any single factor, determines the value of the US currency.
What would you tie printing new currency to? GDP growth? Okay. Ron Paul rightly points out that every dollar printed beyond a certain economic factor (let`s say GDP growth and discount replacing worn out currency) dilutes the value of all currency currently in circulation.
That sounds pretty reasonable and common sense to me. Only we do not know if that is what the Fed is doing. If you know different, would be happy to read anything you can provide.
As for Obsoleet saying the dollar is tied to oil, I may not agree, but it is not a surprising assumption seeing that oil seems to be driving our foreign relations policies and what "bad guys" we invade and what "bad guys" we don`t.
All that has been discussed elsewhere in this forum.
Not a RONPAULBOT but don`t care if you call me one
How does one undermine the knowledge you are so secure in???
For the rest, I think you go too far here. I like the fact that RP brings up subjects that are very ANTI-lemming. For instance, the fact that the Federal Reserve will not report how much US currency is now in circulation (Is it G3 numbers? edit: It`s M3.). I would argue that this, more than any single factor, determines the value of the US currency.
What would you tie printing new currency to? GDP growth? Okay. Ron Paul rightly points out that every dollar printed beyond a certain economic factor (let`s say GDP growth and discount replacing worn out currency) dilutes the value of all currency currently in circulation.
That sounds pretty reasonable and common sense to me. Only we do not know if that is what the Fed is doing. If you know different, would be happy to read anything you can provide.
As for Obsoleet saying the dollar is tied to oil, I may not agree, but it is not a surprising assumption seeing that oil seems to be driving our foreign relations policies and what "bad guys" we invade and what "bad guys" we don`t.
All that has been discussed elsewhere in this forum.
Not a RONPAULBOT but don`t care if you call me one
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