The US Dollar and your prosperity threatened by the European Crisis

What say you? 


Shall we sacrifice our prosperity for the people's republic of the Eurozone and the NWO?


What's that you say? Oh, I forgot, you don't have a say!


----------------------------


The global economic situation is becoming more dire every day. Approximately half of all US banks have significant exposure to the debt crisis in Europe. 


Much more dangerous for the US taxpayer is the dollar's status as reserve currency for the world, and the US Federal Reserve's status as the lender of last resort. As we've learned in recent disclosures, this has not only benefitted companies like AIG, the auto industry and various US banks, but multiple foreign central banks as they have run into trouble. Nothing has been solved, however, by offering up the productivity of Americans as a sacrificial lamb. Greece is set to be the first domino to fall in the string of European economies at risk. Rather than learning from Greece's terrible example of an over-consuming public sector and drowning private sector, what is more likely from our politicians is an eventual bailout of European investors.

The US has a relatively small exposure to overwhelmed Greek banks, but much larger economies in Europe are set to follow and that will have serious implications for US banks. Greece is technically small enough to bail out. Italy is not. Germany is not. France is not. It is estimated that US banks have over a trillion dollars tied up in at-risk German and French banks. Because the urge to paper over the debt with more credit is so strong, the collapse of the Euro is imminent. Will the Fed be held responsible if the Euro brings the US dollar down with it?

via Ron Paul's page at the House of Representatives.

-------------------------------------------

“Sacrifice” does not mean the rejection of the worthless, but of the precious. “Sacrifice” does not mean the rejection of the evil for the sake of the good, but of the good for the sake of the evil. “Sacrifice” is the surrender of that which you value in favor of that which you don’t.


If you exchange a penny for a dollar, it is not a sacrifice; if you exchange a dollar for a penny, it is. If you achieve the career you wanted, after years of struggle, it is not a sacrifice; if you then renounce it for the sake of a rival, it is. If you own a bottle of milk and give it to your starving child, it is not a sacrifice; if you give it to your neighbor’s child and let your own die, it is.


If you give money to help a friend, it is not a sacrifice; if you give it to a worthless stranger, it is. If you give your friend a sum you can afford, it is not a sacrifice; if you give him money at the cost of your own discomfort, it is only a partial virtue, according to this sort of moral standard; if you give him money at the cost of disaster to yourself—that is the virtue of sacrifice in full. 


--excerpt of John Galt's speech in Atlas Shrugged, by Ayn Rand, 1957 (emphasis added)

----------------------------------------------

It only stands to reason that where there's sacrifice, there's someone collecting the sacrificial offerings. Where there's service, there is someone being served. The man who speaks to you of sacrifice is speaking of slaves and masters, and intends to be the master.

--Ayn Rand