KoSong: Will the Dollar fall?

How should we judge a government?

In Malaysia, if you don't watch television or read newspapers, you are uninformed; but if you do, you are misinformed!

"If you're not careful, the newspapers will have you hating the people who are being oppressed, and loving the people who are doing the oppressing." - Malcolm X

Never argue with stupid people, they will drag you down to their level and then beat you with experience - Mark Twain

Why we should be against censorship in a court of law: Publicity is the very soul of justice … it keeps the judge himself, while trying, under trial. - Jeremy Bentham

"Our government is like a baby's alimentary canal, with a happy appetite at one end and no

responsibility at the other. " - Ronald Reagan

Tuesday, August 09, 2011

Will the Dollar fall?

The engine of the world economy is the US. The US national debt is shown below. When it reach US15 trillion, it will be equivalent to the US GDP. Apparently, they have borrowed money for 7 genrations into the future. U.S. NATIONAL DEBT CLOCK The Outstanding Public Debt as of 05 Aug 2011 at 07:12:03 AM GMT is: $14,598,064,209,764.69.

The estimated population of the United States is 311,062,314so each citizen's share of this debt is $46,871.92. It's 10 times if you have a family of 10.

Question: Can a nation keep borrowing and printing money without gold or GDP backing? That the value is not plummeting is probably because it's still used as an international currency. Some day, in the near future, it's bound to fall.

Commn sense tells us only a tight ass can hold the Dollar...