The Governor of the Reserve Bank of China has recently called for the abolition of the USA Dollar as the Reserve Currency of the World. Of course he has a vested interest as he would like the yuan to be the Reserve Currency of the World, and who can blame him?
Of course Saddam Hussein tried to subvert the US Dollar as the Reserve Currency by trying to sell his oil in euros. This was a real threat for if Saudi Arabia followed suit, it would have meant the collapse of the US Dollar as the Reserve Currency of the World.
So we invaded his pathetic country, hauled him from his spider hole and hanged him.
Let this be a warning to anyone thinking of subverting the Reserve Currency of the World, even the Governor of the Reserve Bank of China.
And under international law an occupying power is responsible for Law and Order. So we are directly responsible under international law for the apprehension, trial and hanging of Saddam Hussein.
And it is ironic that the only dignified person at his hanging was Saddam Hussein.
This is in stark contrast to the Emperor of Japan.
After the war we wanted to put the Emperor on trial for war crimes against humanity, just as we would have put the Führer on trial. But for revolutionaries, the Americans have a peculiar reverence for Royalty, so they allowed this war criminal to remain on the Chrysanthemum Throne, against the strong wishes of their ally and against common decency.
Making plain to all of us that crime against the the Reserve Currency of the World, the USA Dollar, is more heinous than crimes against humanity.
but because they're so fantastically awesome, I have a feeling that's not going to happen.
Originally Posted by oberon
I get the distinct impression you didn't read the article at the link.
Actually she has more of a point than the guy writing the article. Remember that in the Clinton years the US was actually running a surplus (a really significant one in fact). What happened since then?
These things are really the source of the deficit. The guy writing the article says we are trouble right now, but he makes it sound like Medicare, Social Security and the rest of the "60%" are the cause. The spending on these things is not that much different than the Clinton administration. The main increase is from Medicare, but the increase here is nothing compared to the combined cost of the three items mentioned above. Furthermore our problems in the present have to do with all of the screw ups of the Bush administration, but the guy writing the article makes it seem like Obama is to blame.
On top of that the future is not so gloom and doom as people might make you think. The biggest problem in the future is from Medicare. (And I admit I don't know enough about the health care bill that was passed. For all I know the bill fixed some of those problems.) Social security is not actually a problem as far as bankrupting the country. For the past several years they have been gradually decreasing benefits. Social Security won't bankrupt us, but people might have to retire a few years later.
Overall though stuff like this is a huge overreaction designed to scare people. The problems are magnified and any blame that is due is put upon the wrong person.
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