This is worldwide unrest, and will spread to the U.S. and other countries, as fiat currencies have been printed endlessly, and the value of each dollar drops like a stone.
If the U.S. is the world reserve currency, and has the only right to print paper money backed by nothing, no gold, then they will keep printing until the world runs out of trees.
This is a way for the U.S. to increase exports. If their citizens have run out of money due to borrowing, then a way to increase GDP, or gross domestic product, is to increase exports. How can they do this? By devaluing the U.S. dollar so that other countries can buy U.S. products for less of their own currency.
If the U.S. devalues its dollar then it will increase exports, but each dollar the average U.S. citizen holds will buy their family less and less. The winners are the bankers issuing loans for fees, and corporations making deals for exclusive contracts. The losers are average citizens. The prices of all goods goes up. Jobs go down. Hunger goes up. Hope goes down. Anger goes up. Then it all goes down…
All while borrowing for war.
The peasants are getting tired of bread and circuses.
Coins and Crowns
Elaine Diane Taylor
copyright 2011 Intelligentsia Media Inc.
SOCAN / ASCAP
digital single available below
Coins and Crowns It’s all going down, down, down The peasants are reeling From the game of coins and crowns We’re all feeling When they borrow for war With no gold in store They just print more Then our costs go up and our jobs go down Hunger goes up and hope goes down Anger goes up then it all goes down, down, down Gold and silver from the ground Five thousand years of money sound Mine it up, melt it down A fair exchange that keeps us sound Print it up then it all goes down Kings and queens with golden crowns Five thousand years of empires founded Make some war, win some ground Just give us bread and circus clowns To keep us down words and music Elaine Diane Taylor
Wonderful music. Its quite a grim situation here in the UK. Wonder where it will end.