Quote:
Originally Posted by MS Fowler
It might. But the short term would be dreadful. I think it is better to plan a way to exit our financial woes than to be overtaken by events, Although "victimhood" is always politically appealing...
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I don't think we should hold our breath waiting. In my opinion, it is ultimately inevitible that the dollar get dropped as an international currency, and I'm not sure it deserves the keep that status anyway since we as a nation have allowed such a massive defecit spending nightmare to grow. I don't see anything short of a default stopping the growth of debt.
There is too much economic theory tied up in our government, and not enough economic sense. Maybe the loss of the world currency standard can be the jolt we need short of total default to start doing something about this problem