The EXEGETIST: A Library Of Independent Political Thought. By: Jack H. Dawsey

Sir, Can You Spare a Dollar?

Earlier this year I read or heard where Iranian President Mahmoud Ahmadinejad said the U.S. dollar was “a worthless piece of paper.”  In his accusation, he asks world leaders to replace it.    The Iranian President is not alone in is belief.  Other nations such as China, India, and Russia are beginning to make similar demands.  When Ahmadinejad made his comments, certain congressional leaders scoffed.  Some, (mostly war-mongers), even suggested that President Obama open up a 3^rd theater of war.

But how times have changed!  Today, Ahmadinejad’s comment has merit.  Some of the world’s most powerful leaders are rumored to be meeting to develop a plan to abandon the dollar.    Apparently, they want to move to a mixed currency, such as the Yuan and/or the Euro, and/or the Dollar as a combination. 

The dollar has become so weak that many are abandoning it, choosing gold instead.  The rise of gold investment are something normally seen in periods of world war.  But in my opinion people are buying gold, not from fear of world war, but because they see it as a safe hedge against inflation. The situation has become so serious that gold-theorist’s have developed the “09” gold rush fever, otherwise known as the 09’ers.

The rise in the value of gold may propose a serious problem for the U.S. dollar.  As investors sell-off their dollars, and foreign borrowers pay off their debts, the global market will find itself holding excess dollars.  As a result, the dollar could become the least wanted currency in the world. 

The Federal Reserve, (which by the way is not an agency of the U.S. Government, it’s a private-owned corporation), will doubtless create more paper.  Given the irresponsible spending habits of democrats and republicans in Congress, the dollar will plummet further.   America’s national debt and the glut of dollars won’t be backed by anything of intrinsic value.  And China, our biggest foreign customer may cease to accept our dollars, instead, could likely demand hard Assets like our national parks, or our national forests, or other hard Assets.   How prophetic Ahmadinejad’s words, if we reach a point where every dollar the Federal Reserve creates becomes, “worthless.”  

Not to be facetious, but Sampson County mothers may find themselves pushing a wheel-barrow full of dollar bills to their local supermarket to purchase a gallon of milk.  That’s not meant to be funny.  The German people did that in the 1920’s.       

What else does this mean to you, personally?  It means “back-door” inflation.  Inflation is the most hideous form of taxation.  It guarantees real pain, striking a hard blow to the retirement community.  Whenever there is a glut of money supply, wholesale prices increase at the store.  That; together, creates a lower standard of living for all of us.

One cannot help but wonder if the dollar’s demise is on purpose.  It’s not China or Russia, or Pakistan or Iran that has made our dollar weak.  It’s our government.  The endorsement in government policies by republican and democrat alike has caused the dollar to decline.   I contend that they, knowing beforehand the negative impact of their overspending policies, pressed ahead and put you in jeopardy of personal bankruptcy. 

Far-out conspirators, and premillennial enthusiasts, and some right-wing political operatives believe the dollar’s downfall, (and subsequently America’s downfall), is the fulfilling of bible prophecy, i.e., the coming One World Order.  While I don’t subscribe to that theory, I suspect the dollar is being devalued for global marketing purposes, i.e. competition with other world economies.  One thing I’m reasonably sure of and that is this:  your democrat and republican leaders in Congress will not share your pain and suffering as you visit your local supermarket. 

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