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Reply #1: right again Paul [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
katty Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-07-07 04:46 PM
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1. right again Paul
>The macho super patriots who support the Bush regime still haven't caught on that US superpower status rests on the dollar being the reserve currency, not on a military unable to occupy Baghdad. If the dollar were not the world currency, the US would have to earn enough foreign currencies to pay for its 737 oversees bases, an impossibility considering America's $800 billion trade deficit.
When the dollar ceases to be the reserve currency, foreigners will cease to finance the US trade and budget deficits, and the American Empire along with its wars will disappear overnight. Perhaps Bush will be able to get a World Bank loan, or maybe one from the "Chavez bank," to bring the troops home from Iraq and Afghanistan.

Bingo! I'd say Paul is right on the money! (All bush can rattle is the puny gun in his cowboy holster--sorry, that's not enough)

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