Is America Bankrupt?

The US Dollar has been falling continuously in last year. The Euro, not so long ago worth 82 cents, is now at $1.27 - this is a gain of more than 40 percent in a very short time. The same goes for the Aussie Dollar: from 50 US cents to 77 US cents (that's almost 50 percent up). Gold, which was trading at less than $300 per ounce for years, is now long past the $400 mark. What is happening to the greenback?

I had this interesting conversation with a gourmet coffee vendor at the Sydney Airport. Originally from Afghanistan, he arrived in Australia some 20 years ago. He is very aware to what is not been told by the mainstream media. He argues that the US is practically bankrupt - too much debt owed to foreign nations, and no means (but greenbacks) to pay back. American industry? Well - the orders are not pouring in and unemployment is on a steep rise, the jobs are just not there. Ask any unemployed person how tough it is to get a job, any job in America these days.

So - he argues - US does what empires always did - go for conquest. This hasn't changed since the Spanish and the English did the same centuries ago. Seek out and conquer far lands for their precious treasures / assets. So now the US is control of the Iraqi oil - Oil is a real commodity - with intrinsic value, supply limited by nature (unlike paper money which can be printed) and can be sold on the open market at the going price.

Furthermore, Iraq's infrastructure was destroyed by the war. Someone is going to rebuild it - you guessed right - corporate America , all paid for by the Iraqi Oil.

Conquest, or treasure hunt, so it seems, is a good medicine to America's disease. Unfortunately there's not enough of it yet under control to overcome the illness, hence the patient is still sick, dollar falls.

Last weekend they finally captured Saddam Hussein.

The question is - can they repeat the trick again? Where can they find more of the medicine? Who is next in line?

About The Author

Liron Rose (MBA) has been in the Internet Marketing scene since 1999. He served as the Business Development Manager of Suntrader Interactive, a full service interactive agency based in Canada, and as the Online Marketing Manager for Zootec Innovations, a start-up company in the gaming arena. http://www.rainbowmaster.com

---

Ex-CIA Folks are Problematic

Those who are above the law or act as such... Read More

Government is a Franchise System; just not a very good one

Few understand the Franchising Format and even fewer have correlated... Read More

Army Recruiting Dilemma Discussed

Currently the US Army is having trouble recruiting. These problems... Read More

Mexican Tariffs on American Goods?

Mexican has tariffs on goods, which come into its country... Read More

Intellectual Property: The ECJ Extends the Use of Trade Marks to Goods and Services

The European Court of Justice ("ECJ") ruled in Praktiker Bau-... Read More

Going All Out to Win a War

Conventional warfare is getting to its limits. Soon wars will... Read More

America Needs an Education Reinvention Bill NOW!

In order to build a stronger, more self-sufficient America, America... Read More

3D Modeling for Healthy Forests

Forest Vegetation Simulations for Fire Prevention, Healthy Forest and Saving... Read More

Should Judgeships Be a Political Event?

Thought of the day; Questions about the judicial system. If... Read More

Free Markets, Farmers, and GM Crops

Many are condemning the latest GM Terminator seeds. Yet there... Read More

Chinese Military Build Up - Sun Tzu and Chinese War Machine

We are currently seeing a build up in China of... Read More

Advances in Nuclear Energy; Safe, Clean and Reliable

The newest pebble reactors are easy to build and manage... Read More

The Options For Regime Change In Iran

If recent speeches by US officials on Iran's plans to... Read More

FTC Franchise Rule Making Sound and Fury in the Sand Box of Free Markets

Today we have a new franchise report from the Federal... Read More

A Journey Through History

History repeats itself, goes the cliche. It does so, perhaps,... Read More

Vision India - 2025 (Expectations of an Ordinary Person)

IntroductionThe way one lyrist has written, "Hum logo ko samajh... Read More

Counter Intelligence: Accurate Words to Describe Our Dealings with Islamic Terrorists!

Introduction:Although politicians and so-called "Intelligence Experts" are the ones appearing... Read More

Plastics In Our Nations Dumps and Landfills

Long Term Environmental Effect of Plastics, Composites and Other Materials... Read More

Proven Risk Youth Vs At-Risk & High-Risk Youth

In the fields of juvenile justice policy and programming, there... Read More

Do Not Tell The Truth

Do you really want to get ahead in your life?... Read More

China has the Answer to Environmental Dead Zones

Recently scientists have been watching the exponential growth of marine... Read More

NASA Budget Space Shuttle Thoughts

Regarding the issues with the Space Shuttle and the in... Read More

Whose Afraid of the Government; Whose the Government Afraid of?

We need a government that can be as responsive to... Read More

Is Inflation Harmful

Q. Should the Government be concerned if the CPI rises... Read More

Michael Moore: The Dumbest People on the Face of the Earth

"Fahrenheit 9/11" auteur Michael Moore recently fueled the epidemic of... Read More

Federal Trade Commission Franchising Website Needs Updating

Many times our government regulatory over embellish problems in the... Read More

Silicon Valley Brain Drain; Bad Trade Policies, Why?

We have brain drain issues in Silicon Valley, we have... Read More

Dealing with Massive Prisoners of War

In the last Gulf War we saw thousands of enemy... Read More

The Wall of Honor

Many Americans have children, fathers, mothers, grandparents, other family members... Read More

Homeless, Trash, Drugs and Transient Issues

In Police Magazine I read a great article about transient... Read More

Think You Dont Need A License for A Wireless Microphone? Think Again

Believe it or not, every theatre, church, or Britney Spears... Read More

911 Could Have Been Prevented, Was It Bush?s Fault?

September 11, 2001 could have been prevented. We could have... Read More

Carl von Clausewitz On War

For anyone who wishes to become an armchair General in... Read More