Money, Money, Money

[LibertyorDeath]

by
Stan Goff


The standard of living that is being maintained right now in the United States is being maintained because we can print all that money and because other countries are forced to accept it regardless of how few commodities we actually produce. The main commodity we produce is… dollars. Other countries produce things to get dollars. (See US Dollar Hegemony has got to go, by Henry C. K. Liu, "Asia Times," April 11, 2002, at http://www.atimes.com/global-econ/DD11Dj01.html.) It's a scam of the first order, and if it quits functioning, the dollar will fall to its "natural" market value, and all you Visa shoppers and home mortgage equity borrowers will be joining the legions of the depressingly destitute in a modern-day version of the Dust Bowl migrations.

So how does this work? Why does the US dollar continue to soar around like a turkey buzzard on an Appalachian updraft, instead of falling to the ground like a homesick brick the way the market says it's supposed to when you are running the printing presses at the velocity of a meth lab?

http://www.fromthewilderness.com/free/ww3/092004_persian_peril2.shtml