Thank me later #135( Just ignore if you don't like politics)
How the world works or at least why the US economy is in trouble. First off it has nothing to do with "big government",ending tax cuts to the wealthy or Obamacare. What it has to do with is Oil. We have heard over and over again that the war in Iraq is about OIL. But why is it about oil? And why now? What may have triggered the Bush administration to attack Iraq? Well it turns out that in the past you could only buy oil...with dollars. So what this has meant was that if you wanted to buy oil you had to have...you guessed it! Dollars! Well Iraq in 2000 stopped taking dollars and took euro's for its oil. This helped the Euro gain value and pushed the dollar down. Now China that shining beacon of freedom and human rights wants to take the dollar out of the equation totally. Which is understandable and even fair. Ironically corporate greed has totally taken down the US economy. Why has China gained the clout that they have? Because they build cheap shit for us to buy. Why are they building cheap shit for us to buy? Because US manufacturers didn't want to deal with pesky things like paying decent wages to their workers so they just sent the manufacturing over to China.
Here is some more educational reading.
More on the US dollar.
Here is some more educational reading.
More on the US dollar.