Send a Tweet
Most Popular Choices
Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
Best Web OpEds

Whither the U.S. Dollar?

Quicklink Submitted By   Follow Me on Twitter     Message Josh Mitteldorf     Permalink    (# of views)   No comments

Related Topic(s): , Add Tags

View Ratings | Rate It

opednews.com Headlined to H2 10/1/18

Become a Fan
  (41 fans)

At the close of WW2, the US was the world's one economic powerhouse, with unmatched technology and a large portion of the world's manufacturing capacity. Wages and standards of living in the US were higher than anywhere in war-torn Europe (even Switzerland), far higher than in Asia.

But today the US has almost no manufactured exports, and we export agricultural products from plantation farms, much like a banana republic. Weapons are our only hi-tech export. 35 years ago, we went from the world's biggest creditor to the world's biggest borrower, and our debt has been growing exponentially ever since.

So, how is US wealth and prosperity maintained? It's because the dollar is the world's common means of exchange. We're in the business of printing dollars for other nations to trade with. How long can that privilege last, when we go around acting like a bully and making other nations hate us?

Read the rest of the story HERE:

At www.mintpressnews.com

 

- Advertisement -

View Ratings | Rate It

opednews.com


Josh Mitteldorf, a senior editor at OpEdNews, blogs on aging at http://JoshMitteldorf.ScienceBlog.com. Read how to stay young at http://AgingAdvice.org.
Educated to be an astrophysicist, he has branched out from there to mathematical (more...)
 

Josh Mitteldorf Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Related Topic(s): , Add Tags
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)