The End of Dollar Hegemony, By Ron Paul , read it , is very good :?

Question

http://www.lewrockwell.com/paul/paul303.html

Answer 1

intresting. so when the dollar and euro fall, what curency will rise?

Answer 2

This is utter nonsense. The man sees everything in terms of dollars and cents. Even the military. This is a juvenile and very naive world view. I wonder if it ever occurs to Mr. Paul, how much value his dollars would have if Islamic Fascism manages to take over even a significant part of the world?

You may choose to look at it as us "borrowing" money from other countries but you would have to look at the entire bond market as "borrowing" money. In reality these countries are investing their money in America. They are protecting their money by investing in America.

If they were to do anything to deliberately damage America's economy they would loose all of their investment. That is just plain stupid. Would anyone invest all of their money in a company and then force them out of business? If they invest in American dollars and then force them to become less valuable, then they will receive boatloads of worthless dollars back when their bonds mature.

Duh!