tag:blogger.com,1999:blog-2737366569116410079.post6008018576826502965..comments2023-08-29T07:16:57.752-07:00Comments on Rational Ignorants: Is The American Empire Bankrupt?Pete Abbatehttp://www.blogger.com/profile/06938045103916078576noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2737366569116410079.post-56512457658978608942009-07-07T21:58:03.874-07:002009-07-07T21:58:03.874-07:00Finally got to read the thing from start to finish...Finally got to read the thing from start to finish - it's almost comical. Think of the South Park episode from immediately after the election, where the anti-Obama camp spends the first night in a cave (and refuses many people entry, believing they can only sustain a small population). <br /><br />You're right, we don't exactly have wonderful fiscal policy right now. But the post is dated June 14 and last I checked, the dollar has in fact not lost its status as the world's reserve currency. In fact, the BRIC nations ended with a very cautious statement about the dollar (<a href="http://www.nytimes.com/2009/06/17/world/europe/17bric.html" rel="nofollow">New York Times summary</a>). Let us not forget that China would be screwing themselves first and foremost by an immediate change in world reserve currency... we are still years away from any real transition taking place.Pete Abbatehttps://www.blogger.com/profile/06938045103916078576noreply@blogger.com