You’re apparently quite relaxed as to the situation regarding your currency.
Seems to me, your Federal Reserve has been printing money with increasing reckless abandon ever since, Nixon was it - cancelled the direct convertibility of the dollar with gold in 71.
Incidentally, JFK was the last president that had plans to dump the Reserve - and look what happened to him.
Now I’m an interested observer, but were I an American with a minimum of grey matter, I wouldn’t be at all complacent, looking at the hideous figures there for all to see.
How can I put this…
Let’s see - your 111th Congress has just ended - and they’ve managed to add more debt to the nation than the first 100 Congresses combined. - ($3,220,103,625,307.29)
That equals $10,429.64 in new debt for each and every one of the 308,745,538 people counted in the United States.
The total national debt of $13,858,529,371,601.09 (or $13.859 trillion), as recorded by the U.S. Treasury at the close of business on Dec. 22, now equals $44,886.57 for every man, woman and child in the United States.
According to your own Treasury Department figures back in June, your debt will reach $19.6 trillion by 2015, but since then, government spending has risen even more.
How are you going to reduce it, or even stop it growing? - just to service last years debt, ran to $420 billion.
And I haven’t even got round to the annual budget deficit - the last figure I’ve seen was for the month of November alone - in that month, the US government spent $150 billion more than it collected in taxes.
Now it seems - Bernanke has found the solution to the deficit - finance it via money creation!
No wonder, we who, for 150 years also were the world’s reserve currency, see the correlation between our downfall and the current state of affairs.
When the tsunami hits, and it’ll be very sudden - first act should be to round up the guilty parties responsible and hang the lot.