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Currency is like stock in a nation. We always talk about the falling dollar, but what we are really talking about is the decline of the American empire; declin
by fnid 17y ago
Currency is like stock in a nation. We always talk about the falling dollar, but what we are really talking about is the decline of the American empire; decline of trust, decline of confidence, decline of a prosperous future, decline of value for the world created from within America and exported to other nations.
Our economy for the past decade or so has been directed internally. We are only thinking of ourselves. We are building guns for our wars and no butter for our neighbors. We are spending millions and billions of dollars on entertainment in the form of sports stadiums and franchises that only americans care about. We are not spending money on education for our creative future generations who will find and solve problems for the world.
We are not talking about a decline in the dollar, we are talking about a decline in the faith that those who control the value of the dollar are acting in the best interest of the nation over the best interest of a relative few who provide no value to anyone but themselves and their close friends.
- dantheman 17y agoI slightly disagree, the current situation has little to do with what the US is producing/economy and more to do with the fact that we have been inflating the US monetary supply at ever faster and faster rates. The money others hold is losing value, that is why they want to get rid of it.
- gwern 17y ago> We are spending millions and billions of dollars on entertainment in the form of sports stadiums and franchises that only americans care about. http://www.newsweek.com/id/177422 http://www.newsweek.com/id/177422 > Regarding business, the answer is yes. The Bureau of Economic Analysis reports that between 1986 and 2005, foreign sales of U.S. motion-picture and video products rose from $1.91 billion to $10.4 billion (in 2005 dollars)—an increase of 444 percent. As Dan Glickman, president of the Motion Picture Association says, "Among all the sectors of the U.S. economy, our industry is the only one that generates a positive balance of trade in every country in which it does business." The same is true for the TV and music industries, and the reach is far greater when piracy is figured in. I rather wonder how much the figures increase when all entertainment is included (sports, video games, etc.).