"As international investors wake up to the relative weakening of America's economic power, they will surely question why they hold the bulk of their wealth in dollars...

The dollar's decline already amounts to the biggest default in history, having wiped far more off the value of foreigners' assets than any emerging market has ever done."

… The Economist





I might add that the dollar's decline is wiping out the value of your dollar denominated savings and assets as well, even though you do not see the precipitous decline except in rising food prices, the cost of haircuts, and other essentials.

You can thank the politicians of both parties, including all the "leading" candidates from both parties.

Wars and socialism bring the destruction of wealth at home, every time. The "elite" just forgot to include that historical fact in your high school history text.

Karl

WHO ARE YOU!


"Criticism is something we can avoid easily by saying nothing, doing nothing, and being nothing"

-Aristotle

"One Word of Truth shall outweigh the whole world."

Alexandr Solzhenitsyn, Nobel Prize Acceptance Speech, 1970

"If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you; May your chains set lightly upon you, and may posterity forget that ye were our countrymen."

– Samuel Adams, 1776

"All truths are easy to understand once they are discovered; the point is to discover them."

- Galileo Galilei (1564-1642)

"…the mass of the people don't really notice anything,
but just repeat whatever their rulers tell them."

- Protagoras by Plato (427-347 BC)

"If a politician found he had cannibals among his constituents, he would promise them missionaries for dinner."

--- H. L. Mencken

Our lives begin to end the day we become silent about things that matter.

Martin Luther King, Jr.

Every man feels instinctively that all the beautiful sentiments in the
world weigh less than a single lovely action.

-James Russell Lowell, poet,
editor, and diplomat (1819-1891)

There are two mistakes one can make along the road to truth - not going all the way, and not starting.

...Buddha

.

"Modern man drives a mortgaged car over a bond-financed highway on credit-card gas’

... Earl Wilson

.

Gold is durable, not like wheat; Gold is divisible, not like diamonds, Gold is convenient, not like lead, Gold is constant, not like property.

…. Aristotle 384 - 322 BC.