Big Ben is just trying to pull the wool over our eyes. Decline in the dollar has already led to a huge increase in oil prices. What is he talking about it only affects you if you buy imports. Everyone uses the most imported good every day, OIL.
China has only ~800 Billion in USD. About as much deficit as 3-months of the US government's budget. It's not their USD reserves that are the problem, it the fact they are not letting their currency appreciate, making them seem wealthier then they are. Also, people seem to forget that by the USD sinking, so is China's wealth. They pegged their currency to ours and the Fed said "so be it." I read another comment about this being the economic "Nuclear bomb" China has been holding. IMO we have China by the nuts more then they have us...
You would never understand why we need more Ron Paul threads. Everyone on this forum knows you as the resident moron, but please stop speaking about anything to do with economics. Ron Paul knows 1000x more on monetary policy than you ever will.
Democracy? where? The last time I checked the US president was elected by an group of selected individuals belonging to one of 2 monopolistic political entities. The voter doesn't get to pick the president, the electoral college does. It's unfortunate whenever a plutocracy is confused with a democracy .
How can you say this and say that Ron Paul has no understanding of economics or finance.. you sound like a 4 year old.. Please read a little bit...
Holy christ...the insane stupidity... inflation isn't rising commodity prices... it's an increase in money supply... something that has happened all throughout history and eventually has hugely deleterious effects on economies, and eventually brings empires to their knees... You, my friend, have ZERO idea what you are talking about... The Dow is the same place as it was 7 years ago...meanwhile the dollar has lost 40% of it's value... Can you do simple math?
Ron Paul has a deep understanding of economics -- crackpot voodoo economics, that is. As each month goes by I'm appreciating Bernanke more and more. His style is subtle, unlike the bombastic Greenspan who used obscure vocabulary to blow smoke up our azzes. Bernanke is doing the right thing, liquidity and a falling dollar are the right measures to take when there's too much debt. In fact, the increase in exports from the cheap dollar is currently offsetting the negative GDP contributed by the bad housing market.