Friday, March 25, 2005

Economist.com: the discreet demise of the dollar

March 25th

the dollar is dying. even the economist, the voice of nato, says so.

we're seeing the slow erosion of american power.

i am ambivalent about this, as my own dollars are depreciating: $2 to 1 pound, for example. i guess i should be investing in the indian stock market, but that has also been volatile, losing a lot of ground recently, although that may be a good 'buy' signal.

but on the other hand, the erosion of american economic power means the erosion of american military power too, which is good and bad as the americans may not be as bad as some of the other imperial powers around.

positively good is the erosion of the ability of those noxious christian fundamentalists to carry out conversion activities.

so i am conflicted. sigh.

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