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

---

Doorstops and Paperweights

Ted Stevens (R-Alaska), chairman of the Senate Commerce Committee, has... Read More

The European Bank for the Retardation of Development

In typical bureaucratese, the pensive EBRD analyst ventures with the... Read More

MORAL ARMORS Economic Warning for Americans

For years we've suffered under recession, prompting us to ask,... Read More

Where have all the Heroes gone

America is filled with standouts and perserverance; our nation has... Read More

Top 30 Politics Quotations

"It is the duty of every citizen according to his... Read More

The US Government; Under Sarbaines Oxley

Sarbaines Oxley was probably the easiest way to destroy free... Read More

The Hegemony - Church and State

THE ECCLESIASTICAL GRANT:There are good things done by the hegemony.... Read More

John Kerry as a Prosecutor?

Prosecutors with political ambitions are known to modify the truth... Read More

Treasury Department Falls Short on Blocked Persons List

I would like to discuss the blocked persons list of... Read More

Birth of a Nation

When you see hooded Klansmen walking up Pennsylvania Avenue to... Read More

Council of Six

The head of the Club of Rome has said that... Read More

Should Judgeships Be a Political Event?

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

Snowbirds and American Migration and Mobile Populations

We have seen an increase in Snowbirds from Northern States... Read More

Corruption and Transparency

I. The FactsJust days before a much-awaited donor conference, the... Read More

Lets Make Some Things Clear about John Thune/Dan Nelson/MetaBank MetaGate

Let's make one thing clear: This Dan Nelson Automotive fiasco... 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

True Democracy and a Way Forward

The process of researching this topic has been an interesting... Read More

A Cheap Holiday in Other Peoples Misery (catching up with Mordechai Vanunu in Israel)

One of my favourite pieces of music is the Sex... Read More

The Delicate Art of Balancing The Budget

Government budgets represent between 25% and 50% of he Gross... Read More

Thoughts Born of Tragedy ...

..."history may judge us to be the real bully if,... Read More

The Economic Giant-- A Closer Look at China

IT'S NO LONGER NEWS THAT CHINA IS BECOMING A MAJOR... Read More

The Typology of Financial Scandals

Tulipmania - this is the name coined for the first... Read More

US Army in Catch 22 on Gays Issue

Many of those who wish to fight for our country... Read More

Economics and Politics of Regional Droughts

It cities across America water is an issue, the flow... Read More

Business: ?Where Is America Headed To??, New York Millionaire Wonders

Hello! Happy new year. May you live a long healthy... Read More

Affirmative Inaction

One of Abraham Lincoln's claims to fame is the fact... Read More

Global Entrepreneurs, Mining and Raw Materials

There are many mines around the world, which are owned... Read More

The Liberal Solution: Assault a Conservative?

Ok, here is what happened: On March 31, 2005, Pat... Read More

The Gay Male Agenda for Political Dominance

I would like to pose a question. I am unsure... Read More

Why the United States just doesnt get the United Nations

For years I have been amazed as I've listened to... Read More

John Roberts ? Supreme Court Nominee

President Bush's selection of the Hon. John Roberts is an... Read More

Unemployment Iraqi Style

Let's put it all into perspective: the U.S. has an... Read More

Fair Trade and Pearls in the U.S.

Guides for RetailersThe regulations about marketing pearls are listed in... Read More