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Old 12-30-2010, 11:10 PM
Craig
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Quote:
Originally Posted by LaRondo View Post
What is silly is, to think of it as a "domesday scenario". The collapse of a system would only result in the birth of a new system.

Here is where you fail to understand the subject:

It's not about the US as a Superpower, or China as such. It is about us as a population of individuals and the depriviation of real prosperity.

The FED is putting cash into circulation ever since it's creation per federal reserve act, with that manipulating economies throughout time and (more recently) global boundaries.

The FED's actual advantage is the fact, they are the inital creation of such a sytems, being the carot in the string in front of your nose, kind of a thing and China has recently opened up the gates for international investments. This is how they complement eachother. At the moment.

Once they stop complementing each other and begin to oppose each other the Dollar will be utterly irrelevant.

The same way why we are being deprived of the choice to run our vehicles on CNG from domestic resources, because the OPEC would dump the Dollar in a heartbeat if we wouldn't buy their oil anymore in such volumes.
I understand your argument completely, I just don't agree.

Let me guess, you would also be in favor of the US returning to the gold standard and eliminating the fed?
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