This article really details the looming economic threat. The Dollar which is the world’s currency is in danger of losing that position. US government deficit and debt is out of control.
Day of reckoning looms for the U.S. dollar
The U.S. dollar’s day of reckoning may be inching closer as its status as a safe-haven currency fades with every uptick in stocks and commodities and its potential risks – debt and inflation – are brought under a harsher spotlight.
Ashraf Laidi, chief market strategist at CMC Markets, said Wednesday a “serious case of dollar damage” was underway.
Obama could care less about this. His policies of Neo Marxist takeover of companies is weakening the dollar. The consequences of all this is inflation that will further eat away at Americans declining wages. It just seems Middle and Working Class Americans can’t get a break economically. This is the American Dark Ages.
Feel free to debate economic ideas, let’s discuss solutions and how to restore the good times of the 80’s and 90’s so that Americans cans make money and have hope for a better tomorrow.
