Why the US is collapsing - by a Swede Rick Falkvinge
Why the US is collapsing
There is a belief among many that the US is collapsing. Fear sells and this story is selling well as the dollar falls and gold/oil has gone parabolic (in dollar terms). The story sells well in socialist dying Europe and overcrowded, over polluted, over stimulated Asia (Yes, the BRIC story is just a "story" that has worked. IMO the "BRIC story" will seem laughably ridiculous in a couple years).
Real or perceived weakness in the US makes the EU seem like a better run or managed economy. The EU members can take pride believing they are not part of or impacted by the debacle taking place in the US, because they are _____________ (smarter, better managed, whatever).
Rick Falkvinge provides a good review of the history and belief prevalent in the World that the US is in major economic trouble.
The story is important to know because there is a major investment theme behind it. Additionally, Rick does a good review of the history of the dollar. Take a gander at the 70+ comments behind the post.
For the record: My view is the US dollar will collapse, just like every other paper currency in history and so will the Euro. Tomorrow, next week, next year, 2020, who knows....