December 8th 2010
Conspiracy Theories
I've just been reading
another wonderful take on the present financial melt-down. The theory
goes something like this.
The US politicians are not quite as stupid as we think they are. There
is a hidden agenda. Flood the world with dollars. Lend dollars to all
and sundry, then trash the value of the dollar, thus completely
wrecking the world financial system.
Now, of course, the good ole US of A can come riding to the rescue, and
put everything right… on their terms of course. That is the only way
they can keep at the top of the tree for a few more decades.
Dont you just love conspiracy theories.
Like all good conspiracy theories, it does have a ring of truth to it.
I prefer to think that American politicians have just made one hell of
a balls-up, and they are running round in circles not knowing what to
do.
For the conspiracy theory to work, they'd need to act very fast. They
have to do this within the next 2/3 years before other countries get
strong enough to face America down. There is also one very big argument
still going for the USA despite the disaster that is Capitol Hill. It
is the world's largest economy, and the innovation and discoveries that
are happening almost on a daily basis will keep the US up there for the
foreseeable future; and the country does provide the world with almost
half the essential food exports like wheat and soya beans.
I am not going to invest in dollars, or US real estate, but I am also
not going to count them out of the running just yet. I think China is
more dependent on imports that the US will ever be. That is one heck of
a disadvantage for China. That's another reason I love Brazil. It
really doesn't need to import anything, and it too exports vast amounts
of food.
As for Europe….. I dont know. This pesky continent has spent the whole
of recorded history making a hell of a mess of itself. And boy, are we
in a mess right now!
Happy new year!
john
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