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

---

Liberal Agenda and Communism; Lance Rants

If we go hog wild towards the liberal agenda where... Read More

How Bill Cosby got it Wrong

Bill Cosby got it wrong. His many speeches regarding the... Read More

Quick Thought on The Flow of Fuel and Costs

Without the flow of fuel our very mobile society comes... Read More

California Power and Commodity Markets

Excess capacity occurs in many industries, such as power, electricity,... Read More

Bringing Back Mining Jobs to the United States

With new environmental technologies and modern efficiency methods in mining... Read More

How to Deal with Poverty

A SOLUTION FOR EMPLOYMENT PROBLEMS TO AID IN THE FIGHT... Read More

Government Credit Card Abuse

Veterans Affairs Employees using government credit cards on personal items?... Read More

Conservation of Water in Big Cities

Water Conservation in larger cities is less of an issue... Read More

Did 9-11 Change Everything for the Business Community

For the business community 9-11 changed everything. In our company,... Read More

A Need to Review Abortion Laws In Belgium

INTRODUCTIONThe aim of writing this article is to encourage the... Read More

Restoration in Russia: Much Needed and Inevitable

Handing over power to Vladimir Putin in 1999, Boris Yeltsin... Read More

Trains and the Flow of Fuel

Fuel costs seem to rank high in surveys of US... Read More

The Revolt of the Poor: The Demise of Intellectual Property?

Three years ago I published a book of short stories... Read More

California Car Wash Fundraisers and Environmental Law

Many non-profit groups are feeling upset that they are allowed... Read More

The Power of Media: Russian Perspective

Journalism, as it is often said, is the 'fourth branch... Read More

WiMax Election Strategy

So you are ready to run for public office are... Read More

Operation Iraqi Freedom, Soldiers and Their Psyche

Have you noticed that the when the service men who... Read More

Emerging Markets, Property Law

I read an interesting article in foreign Affairs magazine last... Read More

Questioning Both Sides of the GM Crop Debate

One question not addressed in GM Crops and Monsanto Terminator... Read More

Market Impeders and Market Inefficiencies

Even the most devout proponents of free marketry and hidden... Read More

When Will the World Wake Up?

How can any human being today, anywhere in this world,... Read More

Iran is Escalating the Conflict

Iran has threatened to raise America's fuel prices again. They... Read More

The Transformation Of Political Science And The Rise In Crime Rates

The current field of political sciences is dominated by a... Read More

National Archives Needs to Embed RFID Tags in Ink

Perhaps we should have printers with ink which has metallic... Read More

US Trade Deficit with Bordering Neighbors

The trade deficit with Canada is now 50 Billion per... Read More

Fear, Controversy and Chaos in the Media

Most modern day media stories containing fear, controversy and chaos... Read More

The Federal Trade Commission, reality check

Federal Trade Commission Owes Industry and Entrepreneurs an Apology. The... Read More

Federal Trade Commission and Dismal Performance on Mergers

Most citizens agree that we need the Federal Trade Commission... Read More

Will Gay Marriage Slow Down AIDS Crisis

It is widely known in the Homosexual Male Populations that... Read More

Arbitrageous Outrageous and Immoral

Back-Dooring the CSIS:The US and Israel have admitted they back-doored... Read More

Newspaper Reporters Tread Lightly on Compulsive Gambling Addiction

Websites designed to help people overcome their gambling addictions have... Read More

True Democracy and a Way Forward

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

Bilderbergs

In the words of a secret agent who has signed... Read More