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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Metacomet who wrote (24262)	11/14/2009 8:50:12 AM
From: ayn rand	3 Recommendations Respond to of 71463

as long as we elect representatives that are neither republican nor democrat we need to eliminate our current two headed single party system

To: Metacomet who wrote (24262)	11/14/2009 8:57:47 AM
From: Real Man	6 Recommendations Read Replies (1) \| Respond to of 71463

The question is what were the triggering events for the abdication of responsible governance of the economy, and who were the beneficiaries. That's easy 1. The creation of the Fed in 1913 2. Severing the final link to the gold standard in 1971 3. The collapse of the Soviet Empire. (3) seems weird, US won the cold war. Ironically, by doing so US set the stage for its own decline, since these economies were liberated from the grips of communism and provided cheap labor. The 90-s was a decade for US abuse of the dollar as a fiat reserve currency. In 00-s that status started its decline, first with the introduction of the Euro. So far it was a lost decade for the US, while the developing economies grew fast. You can add 4. A technological revolution in telecommunication (the internet). The new technology, how the internet essentially handles communications, allowed a vast improvement and sharp drop of costs. This allowed to easily export service labor as well as manufacturing.