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The American Empire in a Changing World



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Sunday, October 7, 2012

Chris Clancy—''The Worst Has Yet to Come'' Part 2

From The Moral Liberal

''The only thing which keeps the American economy going is debt. The only thing which attracts lenders is the strong dollar. The only reason for the strong dollar is the petrodollar system.

As demand for the USD drops, the government won’t receive enough money to pay all its bills, interest rates start to rise and then all sorts of horrible things begin to happen.

That the dollar will collapse is inevitable.

But what will it mean?''..............read more

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