The only large nation that seems to really care about a weaker dollar is Russia, whose government officials fear is that a weaker U.S. currency will have a negative impact on the Russian economy. This makes the focus on the international competition for Central Asian petroleum reserves all the more critical. Russia has concerns that its glowing opportunity for real economic hegemony is to be drowned in the bathtub before it can grow.
But you just keep on sitting in your sub-prime mortgaged house watching Fox News tell you that everything is fine, nothing to worry about that can't be blamed on those damned liberals, and you're getting richer by the minute. You don't want to know what is really happening, do you?
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Article comments
1 - ScooterBananki
Not to worry, the administration has already started a propaganda mission to assure US citizens that desertion of the dollar and devaluation won't hurt the USA, and may even improve our (mythical) exports.
Of course, the 40% devaluation of the dollar vs. euro during this administration has sabotaged the notion that one can always escape by selling the (overpriced) house and move to a cheaper country.
Now let me see, the fabulous foreign debts incurred by this administration have assured that US citizens will be chained for several generations to an oar in a galley while the chinese or arab captain goes waterskiing, and the wall of dollar devaluation assures that he can't escape.
It would seem that a Prudent Man would have already laid his plans to escape the impending USA financial collapse by preparing soft landing places abroad.
You have prepared for this, haven't you?
2 - Ruvy in Jerusalem
A message like this is hard to ignore. It appears that the Saudi thugs are not satisfied with their Waiter -in-Chief in the White House. Ynetnews reports that Saudi Arabia is turning its back on the U.S.
3 - Clavos
Bliffle,
What's with the multiple "scooter" names?
And Chris Rose: is there not a 'no multiple names' rule?
4 - Christopher Rose
Clavos: I've no idea why Methuslah-Bliffle is currently on a scooter fad. I did nearly delete one of his remarks when he called himself scooterclavos but am allowing him a tiny bit of leeway, for the moment. As always, there are guidelines, not rules ;-)
5 - Clavos
I did nearly delete one of his remarks when he called himself scooterclavos but am allowing him a tiny bit of leeway...
Seems we both did. I saw that and started to get indignant, but decided in the end it really didn't matter in the "grand scheme of things." :>)
6 - Nancy
Well, it DOES, dammit. It's confusing as well as misleading. I really wish the Ed. staff of this blog site or Eric WOULD make such a rule; this lack of firm guidelines & rules isn't fair to anybody. One blogger should = one name/ID
7 - MCH
Oops...excuse me...I thought this post was from the National Guard regarding GW Bush...
8 - Hubert Heaver
It's important that we rip aside the false pseudonym to get to the underlying real pseudonym!