People & Power: Death of the Dollar - Part 1
A country whose standard of living is decreasing cannot be said to be 'making progress' nor will it be a 'superpower'. Full Story »
Posted by Bruce Sims
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U.S. Economy, Money, Money and Politics, Global Economy
Editorial
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Posted by Bruce Sims - Dec 19, 2007 - 11:29 AM PST
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Bruce Sims (review), Gary Clark (review), Nick Pollitt (review)
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It would be better without the Michael Moore style melodrama, but factually is accurate compared to the financial pages I visit. The piece details international impacts of the dollar's fall from being the accepted exchange medium that could put the U.S. into 2nd or 3rd world status. The scenario described is that other nations will decline to float our loans on increasingly worth-less dollars, and without manufacturing or salable services to trade, we will be reduced to taking in ... More »
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U.S. | Living | Politics | Business | World | U.S. Economy | Money | Money and Politics | Global Economy
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