Inevitable End to Dollar's Reserve Role?

Just another warning of things to come, maybe.

Sometimes I wish they would just $h!t or get off the pot already.

online.wsj.com...

They gonna blame the finance collapse on us, thru the swine flu..

People didnt go out and spend so much money of fear of getting the flu, etc. etc ..

reply to post by ChemBreather


The MSM already does enough of blaming the consumer for the current situation. It got to the point where I do not watch any more MSM financial news because it seems to all center over the notion that 'if the average person just went out and started spending money we would be through the mess' which is treating the symptom, not the cause.

Maybe if corporate greed did not ship off all jobs to other countries and rely on importing goods instead of US made products, goods and services we would actually have some industry left? Or maybe if our banks were not so hell bent on raping our wallets and accounts for every last penny in the name of profit we would have more faith in our financial institutions?

Sheesh. We got sold out...

reply to post by nydsdan


But maybe if people didn't support corporate greed and instead supported local economy, small business and self-sufficiency, we wouldn't be in this mess to begin with.

This is where the change will come.

People need to educate themselves on intelligent shopping. While money still exists as a necessary evil, local banking with limits on its usage should be chosen over massive corporate banking. We need to get away from the idea of making profit on money and go back to the original idea of using it as a universal exchange of products and services.
It never made sense anyway, there is only so much money in supply, so when one profits from nothing another slips into poverty.

It is absolutely inevitable that the $ will collapse, it's just a matter of when. How this will affect other nations is anyone's guess. But I would suggest that nations who's people maintained their ideals of local farming, local produce and self-sufficiency (namely those out-of-the-way regions previously described as impoverished) will fare better than those of us who've been lulled into this corporate-built nightmare.

It's going to be very interesting. And while I don't look forward to the warring and risks associated with it, I actually look forward to people waking up and realising that money is unimportant.