Tradewind
Well-known member
- Joined
- Aug 19, 2015
- Messages
- 5,161
You didn't offend me. You just kind of fell in with my expectations. Anyway, greed will never leave us. Never. And ALL governments tap (socialize) that greed. Some over tap it, some under tap it. But they all tap it. We are under-tapping it. But it will always be there for the tapping.
I think we are a second world country now (our health care and infrastructure suck, relative to the first world that invests in such things). But regardless, we do have the printing press and the world trades on the PetroDollar. If they switched to a PetroEuro or some other denomination (ala Iraq, Iran, North Korea) or barter (ala Venezuela), all of whom are or were on our S list simply because of that, then we'd be a third or fourth world country over night. To that extent we are a one trick pony too. Better hope our awesome military keeps them from switching.
There are several that are trying to unseat our petrodollar. If we quit QE we can hold thema off s they seem to all have their share of problems.. I agree, the strength of our currency is directly attributed to our military wherewithall