Dumping the American Dollar an Alternative Tactic to End War?

Question

The Bush Regime has taken the US outside the boundaries of international law and is acting unilaterally, falsely declaring American military aggression to be "defensive" and in the interests of peace. Much of the world realizes the hypocrisy and danger in the Bush Regime’s justification of the unbridled use of US military power, but no countries except other nuclear powers can challenge American aggression, and then only at the risk of all life on earth.

The solution is nonmilitary challenge.

The Bush Regime’s ability to wage war is dependent upon foreign financing. The Regime’s wars are financed with red ink, which means the hundreds of billions of dollars must be borrowed. As American consumers are spending more than they earn on consumption, the money cannot be borrowed from Americans.

The US is totally dependent upon foreigners to finance its budget and trade deficits. By financing these deficits, foreign governments are complicit in the Bush Regime’s military aggressions and war crimes. The Bush Regime’s two largest lenders are China and Japan. It is ironic that Japan, the only nation to experience nuclear attack by the US, is banker to the Bush Regime as it prepares a possible nuclear attack on Iran.

If the rest of the world would simply stop purchasing US Treasuries, and instead dump their surplus dollars into the foreign exchange market, the Bush Regime would be overwhelmed with economic crisis and unable to wage war. The arrogant hubris associated with the "sole superpower" myth would burst like the bubble it is.

The collapse of the dollar would also end the US government’s ability to subvert other countries by purchasing their leaders to do America’s will.

The demise of the US dollar is only a question of time. It would save the world from war and devastation if the dollar is brought to its demise before the Bush Regime launches its planned attack on Iran.

***What is your response to this? Do you feel it is a realistic possibility that other governments may 'mutiny' against the US in this manner? Do you believe it is a reasonable tactic or would work to halt US power?

Link to the full article:

http://www.vdare.com/roberts/070211_putin.htm

Just to clarify I did not write this article.... The link above shows it in it's entirety....

Answer 1

Calm down. Many of us in this country have had enough of George Bush. There is very little chance that he will be given permission to invade Iran. The United States Congress and the American people in general won't stand for it. The neocons in this country are resented for getting us into Iraq. No need to dump the dollar. That will just cause more danger to the world when Bush lashes out at everyone. We in America will keep things under control. Don't panic.

Answer 2

My response to this is that the circumstances and predictions your explained are absolutely correct. And yes, it is only a matter of time before we begin to feel the effect.

See that is the problem, Americans don't care about anything until they 'feel the effect' of it. IE, the war. Americans were supportive by large numbers when they thought it was going to be easy. When they began to feel the effect, that support started going downhill.

Now, the REAL effect lies in what you just went over and described. All these ppl saying 'support your president' will have a different perception and BE OUTRAGED when that final effect hits them.