It seems like a juggling act, but the question is this: what makes us the greatest nation on Earth? Is it our natural resources? Our military? Our products? Our good-looking women? No, its our dollar having world reserve currency status that makes us "the greatest nation on Earth". That position is envied by all other nations and we are soon going to lose our most coveted place with our paper. So, do you think for the sake of jobs that this administration is going to allow us to lose reserve currency status? Maybe they will. Most governments put up a last ditch effort before their currency collapses. Maybe our government is just going to let the FRNs go into hyper-inflation without trying to stop it. But why? That would bring total anarchy and Americans would start killing government officials when they go berserk, so why would the government want to lose its power? The dollar collapses, our government is finished.
I tend to think that at some point there will be an attempt to save the dollar by our government. That is why we are empire building, and that is to try and guarantee the dollar's influence in the rest of the world. We will force other countries to use our dollar. China is watching this and laughing, because when we fall, their yuan will become an international currency that people will flock to as a safe haven. But before that happens, interest rates will go up to offset the lower bond rating we are going to experience here real soon.
