Quote:

The Pound has lost 25% and the Euro 20% against the dollar recently.




I don't even think that's relevant. If you really want to know how Western nations are faring, you have to look elsewhere. Reserves of foreign exchange and gold is a good place to start. Here's what the CIA says about that:

Numero Uno - China $ 2,033,000,000,000

Numero 23 - United States $ 70,570,000,000

Hey, looks like we've got a few decimal places missing! I'll tell ya somethin' else; the boss of our household recently had a conversation with a CIA employee, and that person stated a belief that roughly half the Chinese reserve is USD. That means the Chinese government has more USD than the U.S. Given recent outbursts from their government regarding regret at having purchased so many dollars, and the suggestion that a new world currency be established, and threats for at least the last two years to dump dollars on the market if we pisz 'em off, I hope everyone can see where this is headed.

Here's the CIA link with the basic info - note that even Nigeria has more reserves than the U.S.:

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2188rank.html

And if you want to know more about our decline into third worldness, either Google Alan Tonelson (a leading expert on this topic) or go here:

http://americaneconomicalert.org/topics_home.asp

http://americaneconomicalert.org/view_author.asp?Prod_ID=37

Sorry this is so OT, but it's gonna have a tremendous impact on all our lives in the very near future.

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