Wednesday, March 19, 2014
Living Like Parasites
Putin said of America, "They are living like parasites off the global economy and their monopoly of the dollar."
Putin understands something that few do.
Imagine half the dollars are outside the USA and half are in. Then imagine $1 trillion new dollars are made and owned by the USA. No real new value is made when this new $1 trillion in money is created. Eventually all the existing money will be reduced in value because of this new money. Half of this stolen value comes from reducing the value of the money outside the USA. So in effect the USA has sucked $500 billion out of the rest of the world. Living like parasites is a good description.