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Old 03-13-2008, 05:33 PM  
Michael O
More Cowbell
 
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Join Date: Jul 2001
Location: Nakhom Nowhere
Posts: 10,607
Quote:
Originally Posted by TNVeric View Post
the one dynamic the documentary fails to take into affect is that China and other nations holding most of America's debt have a strong incentive not to let the dollar drop too far.

People have been predicting the downfall of the american empire for years. I think it is a fantasy for some that are tired for seeing america on top.

i for one would like to see our role in the world diminished but I don't foresee disaster around the corner. A change in the white house will soon change our fiscal policy and normalcy will return. The credit crunch also will force individual americans to live within their means.
US$ against DKK (Danish Kroner) since 01012001

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