The Real Threat To America

It can be argued that the war in Iraq and the war on terror are designed to distract us from the real insidious threat to our nation.
Remember, the Elites and NeoCons use war and fear to foster and enable their actual strategy of consolidating wealth and power.
Thanks to religious extremists playing along (here and abroad), they are gutting the economy of our nation like carpenter ants in an oak tree.
Story courtesy of the BBC

Why the dollar is falling so fast
Analysis
By Steve Schifferes
Economics reporter, BBC News

The US domination of the world economy may be at stake
The US dollar is plunging in world currency markets - and bringing down share prices in its wake.

But why is the dollar under pressure - and what would be the consequences for the US economy if it continues to fall?

Behind the problems of the dollar lies the huge and growing US trade deficit, and the large Federal budget deficit.

A fall in the greenback could hit Asian countries whose governments hold huge foreign currency reserves in dollars
[...]
For many years financial markets have worried about the growing size of the US trade deficit - the difference between the amount the US imports from the rest of the world, and the amount it can sell to the rest of the world.

That deficit is now heading above $800bn for 2006, or 7% of the US economy, and shows no signs of diminishing.

At the same time, tax cuts and the war in Iraq have led to a US budget deficit of several hundred billion dollars despite the booming economy. (emphasis added)
[...]
Together, the East Asian countries have accumulated foreign currency surpluses of nearly $1 trillion, much of it held in US Treasury bonds denominated in dollars.

Thus they are funding both the budget gap and the trade gap.
[...]
And when the world's largest economy begins to look shaky, it is not surprising that confidence among financial markets is weakened around the world.

We may win the war in Iraq and the global war on terror, but it will be a very hollow victory when we won't be able to bring our troops home. Our nation will be broke.
As a service and consumer economy, we don't even make enough goods anymore to dig our way out.
And worst of all, look who our "patriotic" leaders are selling our nation to, Communist China.

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