Send a Tweet
Most Popular Choices
Share on Facebook 16 Share on Twitter Printer Friendly Page More Sharing
Exclusive to OpEd News:
OpEdNews Op Eds    H3'ed 9/22/13

Money Matters: Fixing America's Financial Mess

By       (Page 1 of 2 pages)   4 comments
Follow Me on Twitter     Message Ronald Arrington
Become a Fan

No money mo' problems
No money mo' problems
(Image by KylaBorg)
  Details   DMCA
te title="No money mo' problems" class="wwscontentsmaller">No money mo' problems by KylaBorg

Money Matters: Fixing America's Financial Mess


As Democrats and Republicans duke it out over America's national debt, it grows at a rate of $200 million an hour; standing at $17 trillion and counting.  House Speaker John Boehner is ready to fight, promising "a whale of a fight" over raising the debt limit.  How does politics, fighting over money and political posturing affect us?  Think of it as a TKO (technical knockout) by either Mohammed Ali or Floyd Mayweather.

While the Federal Reserve continues their cavalier appetite for manipulating the US dollar, it's value globally is shrinking faster than the Italians can pull the Costa Concordia to dry land.  Recently, a USA Today Opinion piece cited two groups owning 96% of America's debt: Investors and the Federal Reserve itself.


(   default-crisis-editorials-debate )


Why should this matter to average Americans?  Whoever controls debt control everything!


Currently, America is only authorized to print its money: other countries are restricted from printing US currency.  Therefore, as we print more its worth less: to us and other nations too.  That means interest rates (%) on things we routinely purchased scores, each US dollar spent is worth less on global markets, and this triggers a domino effect for those seeking American goods and services.  This overt flawed national strategy torpedoes America's ability to attract investors; indeed, it affects our ability stay competitive globally, thereby buying products here at affordable rates.  Getting a grip on this grim picture?


Consider this: When's the last time you used ca$h to purchase anything?   We don't even use it buy a $4 Starbucks latte'.  Americans have gradually phased out using ca$h as the Feds continue their egregious policies of printing--and manipulates--our money.  This practice has caused America's credit standing to suffer globally.  It may generations to recover.   During this impasse, countries like China, India and North Korea, are loving it.  As Americans have become blissfully hooked on "living large and beyond our means', they tighten-the-purse-strings on America's borrowing limits.


Warren Buffet summaries it this way: "There's a class warfare, all right, but it's my class, the rich class, that's making war, and we're not winning."


Next Page  1  |  2

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

Must Read 1   Well Said 1   Valuable 1  
Rate It | View Ratings

Ronald Arrington 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

Ronald Arrington, MBA, MPA: a Consultant, Trainer, Coach, directs a group of training professionals who recognize the grave need to nurture human capital assuring the effective operation of vital boards, leaders, managers and public (more...)

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

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.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
   (Opens new browser window)

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Bullies, Oil and Terrorism--Leadership Lost

Assault on Democracy

Money Matters: Fixing America's Financial Mess

Young, Gifted and Bored in America: A Job, Please?

"California--Mired in Minutia"

To View Comments or Join the Conversation:

Tell A Friend