http://www.lewrockwell.com/blog/lewrw/archives/014938.html#more
These two are key in my opinion. Dem or Repub we are going to have to continue our military interventions so long as the dollar is fiat currency.
4. We wouldn't be considering war with Iran
Iran, listed as the second country in Bush's Axis of Evil, announced in 2005 that it would commit an offence far greater than Saddam's switch to the Euro for oil sales. Iran proposed to go all out by creating the world's first oil exchange that would allow the world to trade oil in Euros instead of US Dollars. An exchange that only accepts the Euro for oil sales would mean that the entire world could begin purchasing oil from any oil-producing nation with Euros instead of Dollars. The Iranian Oil Bourse, "bourse" being French for "exchange", will surely result in another hostile takeover by the US military if it actually opens. Instead, we could simply stop inflating our currency so that the US Dollar remains dominate because it has real value.
3. The US wouldn't be pressuring China to inflate their currency, and China wouldn't be threatening to retaliate by causing economic collapse
The only way for Americans to be able to afford goods while devaluing our currency at this rate is if other countries are willing to devalue their currency at similar rates. If other countries aren't willing to devalue their money, prices for Americans will go way up, and suddenly we won't be able to afford the cheap Chinese goods that we rely on so much. The more we lean on countries like China to destroy their money, the more they're going to want to retaliate. Eventually we'll be faced with a choice between war and poverty, and it will be the government, not the citizens who will make the decision.
These two are key in my opinion. Dem or Repub we are going to have to continue our military interventions so long as the dollar is fiat currency.
4. We wouldn't be considering war with Iran
Iran, listed as the second country in Bush's Axis of Evil, announced in 2005 that it would commit an offence far greater than Saddam's switch to the Euro for oil sales. Iran proposed to go all out by creating the world's first oil exchange that would allow the world to trade oil in Euros instead of US Dollars. An exchange that only accepts the Euro for oil sales would mean that the entire world could begin purchasing oil from any oil-producing nation with Euros instead of Dollars. The Iranian Oil Bourse, "bourse" being French for "exchange", will surely result in another hostile takeover by the US military if it actually opens. Instead, we could simply stop inflating our currency so that the US Dollar remains dominate because it has real value.
3. The US wouldn't be pressuring China to inflate their currency, and China wouldn't be threatening to retaliate by causing economic collapse
The only way for Americans to be able to afford goods while devaluing our currency at this rate is if other countries are willing to devalue their currency at similar rates. If other countries aren't willing to devalue their money, prices for Americans will go way up, and suddenly we won't be able to afford the cheap Chinese goods that we rely on so much. The more we lean on countries like China to destroy their money, the more they're going to want to retaliate. Eventually we'll be faced with a choice between war and poverty, and it will be the government, not the citizens who will make the decision.