Who is Killing the Dollar?
Sep 24th, 2009 by David Anderson
The American Dollar is endangered. Lose Money and long term unprecedented debt plans are threating to make last century the only American century. No wonder the Rise and Fall of the Roman Empire is no longer taught in high school history. We don’t want to hear bad news. The good news it that it is not too late.
“It is not too late?” Maybe. But, the collapse of the economic base isn’t the real problem. It is Western culture, both in Europe and here in America, that is being rejected. Greed, power, sloth, incivility, ignorance, laziness, promiscuity, a fixation on ‘entertainment’ and a rejection of Christianity have supplanted the industrious, frugal, intelligent and pious ethic of our New England founders.
Like Rome, America exists only to perpetuate its own existence. Like Rome, America is threatened by an external proletariat, and like Rome we are governed by elite but non-creative oligarchs.
Christianity did more to ‘destroy’ Rome than anything in Alaric’s wildest dreams. This is because religion opened an outlet for the creative minority (the minority that always advances any civilization) who were given no place to thrive in the ossified Roman administration. Can there be a repeat today? I doubt it. I see C.S. Lewis’ vision from The Abolition of Man; a world dictatorship of the ‘controllers,’ employing the techniques of Poetzel, Hitler and Madison Avenue , a cacophony of movies, music, electronic gadgets, sex and other meaningless forms of ‘entertainment’ used to placate the pathetic masses, a technique known in Roman times as ‘bread and circus.’
If it seems as though I borrow from Toynbee, rest assured- I do. I see no reason to do otherwise. Remember, ‘there is nothing new under the sun.’ Technology changes, man doesn’t- read Horace or Shakespeare or Pope and see for yourself.
Hats off to that comment.
the “end of Dollar supremacey” has been declared repeatedly since WWII.
The question isn’t is FED policy and Obama Fiscal Policy “Good or Bad”…
The question is: is US policy better or worse than the other players?
Do you want to trade your US Dollars for Euro’s? Rubles? Yuan?
The world market doesn’t have to love the dollar, they just have to like it better than the alternatives.
From the early 1800′s to the early 1900′s, prices for materials and commodities rarely fluctuated. This is because gold cannot be manipulated by governments like currency can be. You can’t print more gold, but you can print all the currency you want; the result is inflation, which is in actuality a tax.