Look at what's happening. We are all paying the price for the US housing and credit crisis and none of us stands to gain anything! The real beneficiaries are the Financials, Wall Street speculators, and the Fed. Why? They can go with blank checks and government bailouts using money printed by the Fed and the Fed gets unlimited support from USA.
How about us? What we are losing? Our wealth is getting devalued everyday, you stupid fool! To bailout the Financials, the Fed has been printing money, IOU, and somebody has to accept these IOUs. Anyone holding reserves in USD or USD-denominated assets is paying for this money printing exercise, NOT the Fed, NOT the Financials, NOT those fat cats linked to the subprime mortgage crisis, NOT those who buy and sell Triple A mortgage-related securities and debts, NOT those who engineered the greatest financial bubble and disaster in human history!
It's time for all nations in the globe to review whether USD can still be the currency for settlement and whether we should still be ruled by the Fed and Wall Street. Yes, the US is our common big customer but we can be more productive and richer without being paid by their IOU. The USD is just a paper currency and if one day, the US government can't honor the IOU, that will be the end to all of us!
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