"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
In A Currency Tug-Of-War, The U.S. Dollar Loses
Submitted by Michael Kleen on Fri, 2011-06-17 01:00
in
For now, we have been saved by the distractions of European debt default, and the simultaneous devaluation of the Euro, among others. The guillotine comes down, though, when the illicit money creation of the U.S. for itself and Europe eclipses the debt instability of the EU, and markets the world over see which way the winds are really blowing.
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