Tagged: U.S. dollar

What’s Going on? God Knows!

What’s Going on? God Knows!

I watched Morgan Freeman’s “wormhole” show last night and  was left wondering why I am so dumb. Then this morning  I read that the Japanese are messing with the global currency market to increase their...

America Could Lose its Privileged Position in World Finance

America Could Lose its Privileged Position in World Finance

The local TV channels were showing baseball and football games last night, and the big story in this morning’s local paper is about an unexpected surplus in the state budget. Here in Lakeland, Florida,...

The Wide, Wide World and Frightened, Myopic Americans

The Wide, Wide World and Frightened, Myopic Americans

My neighbor across the street is haunted by unseen dangers that he reads about on the Internet. One of his fears is that an elite group of super-rich people is plotting to establish a...

The Almighty Dollar is Losing Its Global Status

The Almighty Dollar is Losing Its Global Status

After World War II, leaders of the victorious Allied countries met at Bretton Woods in the United States and agreed to make the U.S. dollar the world’s reserve currency. Under that agreement, the U.S....