FOR LIBERTARIAN NATIONALISM: ANTI-CORPORATIST, ANTI-COMMUNIST, ANTI-GLOBALIST...PRO-SOVEREIGNTY, PRO-POPULIST, PRO-FREE ENTERPRISE

Wednesday, November 18, 2009

Washington's insane spending and the end of the dollar as the world's reserve currency

As Washington continues to bury entire future generations of Americans under mountains of debt with its corruption-fueled addiction to spending...
It's another record-high for the U.S. National Debt which today topped the $12-trillion mark. Divided evenly among the U.S. population, it amounts to $38,974.34 for every man, woman and child.
...the long-term repercussions of its graft are starting to come into relief:
The imperative of greater global currency stability means the world can no longer rely, as it has done since the end of the gold standard, on a currency issued by a single country, the head of the IMF said on Tuesday. Dominique Strauss-Kahn, the managing director of the International Monetary Fund, restated his view that a new global currency might evolve out of the Special Drawing Right, the Fund’s in-house unit of account. “That probably has to be a basket,” Strauss-Kahn said of the eventual replacement for the dollar. “In a globalised world there is no domestic solution,” he told a forum.
Boy, it didn't take the Clinton-Bush-Obama generations of "leadership" long to plunder the country and destroy America's sole super-power status through incompetent leadership and epic moral and ethical corruption and selfishness. But I guess this is the fate of countries that come under the sway of mentally deranged "elites" that believe they can "create our own reality." Gee, I wonder where they ever picked up such delusions of choseness? The derangement-syndrome must be virulent.

And, wow! It didn't take Strauss-Kahn long to take advantage of the new state of affairs. I guess being an internationalist citizen of the world means loyalty to the post-war American keeper-of-the-peace (up until the Bushes and Clintons, at least) is so provincial. Why, such pedestrian concepts as loyalty are for the little people -- you know, the ones dumb enough to pay taxes. --Chris Moore

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