America's debt is spiraling out of control!. We as American patriots need to take action against out of control spending of our government. Why might you ask? Haven't we kept going despite being in debt for all these years? Well I've got news for you....our free ride might come to an end.
To my understanding, the reason why we have kept going all these years is due to our currency's status as "the world currency". Everyone around the world trades with the dollar. If a french person, wanted to buy oil from Saudi Arabia, the business transaction would be completed in U.S. dollars. Since we are the world currency this gives our privatized federal reserve the ability to print/create even more money, thus keeping the country running.
The problem begins with basic economics. The continued printing/creating more money, our supply of money goes up. With our supply increasing, the value of our dollar decreases. So why would countries want to do business among each other with the dollar if its value keeps decreasing? If it keep decreasing, they may switch to another currency. Lets just say it would not be pretty for America because due to our current money supply. Basically if the worlds elite were to call a meeting and say "Lets not trade in U.S. dollars any more, lets switch to XYZ currency instead, its more valuable. So our country's future is actually in the hands of other Nations/World's elite business men.
Scary thought huh?
To my understanding, the reason why we have kept going all these years is due to our currency's status as "the world currency". Everyone around the world trades with the dollar. If a french person, wanted to buy oil from Saudi Arabia, the business transaction would be completed in U.S. dollars. Since we are the world currency this gives our privatized federal reserve the ability to print/create even more money, thus keeping the country running.
The problem begins with basic economics. The continued printing/creating more money, our supply of money goes up. With our supply increasing, the value of our dollar decreases. So why would countries want to do business among each other with the dollar if its value keeps decreasing? If it keep decreasing, they may switch to another currency. Lets just say it would not be pretty for America because due to our current money supply. Basically if the worlds elite were to call a meeting and say "Lets not trade in U.S. dollars any more, lets switch to XYZ currency instead, its more valuable. So our country's future is actually in the hands of other Nations/World's elite business men.
Scary thought huh?