The Great Dollar Debate
The Great Dollar Debate
Hard Money
Huge business empires and institutions weren’t recession proof. What more for ordinary citizen like us who were helpless after the foreclosures and layoffs effect of the financial crisis. We all needed help and assistance to get our life back. We could use some hard money loans. Some hard money loans for cold hard cash would come in handy every now and again. Every now and again you need some money right away to float you until payday, and there are lenders you can go to for a short term loan that you can get immediately. Payday lenders have joined the 21st century, and you can apply online for a payday loan. Funds are direct deposit ready, most applications online are faxless, with no credit checks, and industry standard security that will insure your privacy.
What's the angle?
If the dollar died, so would Chinas FX holdings. They're up to something. I say we call their bluff and force them to float immediately.
Inevitable results
Having the world reserve currency as your own gives a nation certain advantages. If you abuse this however long enough for domestic political advantage this benefit will be taken away by the rest of the world. When the Fed started "loaning money" to the treasury instead of issuing bonds, the game was up. China, India, Russia, and others are simply not going to put with the theft their money. Thank you Mr President.
the dollar
When - not if - Bejing suceeds in replacing the dollar as the world reserve currency it will mark the beginning of the end of US supremacy. The United States is already losing it's grip on being the world's number one super power.
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