Wow. Really? Despite what you may think, we (THE USA) still swings a pretty big mallet in the world of all things financial. Granted not as big as before, but if we took a crap, the economic world would be in a pretty bad way overall. The USD is still a pretty high standard by which most markets value. Our problem was and continues to be that we simply don't produce things the rest of the world needs as much as is needed. We have sent all of our labor jobs to India, China etc.
The U.S has been printing money for over 5 years now, and not to replace worn currency either. Printing money for the sole purpose of paying the intrest on the national debt. So, keep increasing the amount of anything and the value of what is already available will decrease.
Who holds the majority of the U.S debt? China. China, who is well known as an allie to Russia.
Around 2 months ago China and Russia agreed that they no longer had to trade with dollars whenever they so please.
For anyone who does not know; If you want to trade internationally, buy gold, oil, whatever, you must first buy dollars...regardless of your country's currency's value.
This is not conspiracy nonsense either, it made national news.
They are also encouraging the European Union and middle east to follow suite, and it's not a hard sell.
Do you not think that China(and the rest of the world)doesn't realize that the U.S national debt can never be repaid? There is no magic plan to fix it. The number is too great, and growing at over 200 million dollars an hour, every day, 365 days a year. Meanwhile the U.S prints more money just to pay the intrest.
Not "if", but when the rest of the world decides to move away from the dollar as the world reserve currency, that will be the biggest stock market crash in history. The dollar doesn't have to be worth pennies either, even devalued by 10% will be catastrophic.
Will that cause a global ripple effect? Or course. But don't think that the rest of the world's super powers don't realize that. And know that certain things must take place before they can attempt to restructure.
There has been a "conspiracy" push towards a one world currency for years. I wonder why?
American society has become arrogant, that we rule the world and will forever.
People need to open their eyes and look around. The clock is running down.
I love the U.S and am so grateful to live in and have grown up in such a great place. But sadly enough, nations rise and nations fall.
The future of this world looks bleak at best.
I don't have to try to persuade or convince anyone either, just sit back and wait for it. Sad as that is.
9/11 couldn't happen, America is invincible(whether you belive the government...or realize that they did it). The 08/09 stock market crashes couldn't either, America was just too strong for that. The list goes on.
I'm with Jesus and worry about nothing, come what may. But I'm just a crazy Christian, what do I know.
The truth IS stranger than fiction. The media driven view of the world couldn't be further from the truth.