9/07/2007

...to erode the US sovereignty

"To compound matters, when the USEconomy slows and hits the brick wall in a matter of a few weeks or few months, the USDollar will lose its attractiveness, with or without official USFed rate cuts. [...] The gradual penalty for exporting debt inflation over the course of a few decades is compromised sovereignty and vulnerability to credit supply interruptions. Far from the harmless effect of selling debt to ourselves, the accumulative effect has been to erode the US sovereignty itself, while relegating the USDollar to Third World currency status." ~Jim Willie CB

Custom Search