US: De-Dollarization Kicks Into High Gear – The GOP’s big win – apparently on the Debt Ceiling
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[This is an exchange I had some time ago with one of my supporters. Jan]
He wrote:
De-Dollarization Kicks Into High Gear | Algora Blog
The USA is defeating its self with quantum easing, massive trillion dollar bills and no attempt to stop the free fall of the dollar. Lose the world currency and Amerika will begin the downward spiral towards a third world country. It will take time.
I replied:-
Thanks for this. I saw them gloating – the GOP about how this is the beginning of something good … stopping wasteful spending, blah blah… but the BOTTOM LINE was that they HAD to increase the debt ceiling above $31 trillion!!!! You see they’re hooked and they can’t stop it.
Also I heard that the INTEREST on this will be $10 trillion over ten years!!!
It’s just insane.
Take care
Jan
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