There have been a lot of concern and talk about the economy. The Feds cut the rates by 75 basis points now at 3.5 percent. The White House along with Congress are approving $150 billion dollars in stimulus package. Now, this will not wake up the masses although it has the financial world really worried about a possible recession, which many say we may be in already.
My question is, where is all this money coming from? How does printing more money allow the USA to have a strong currency. I think it is unbridled spending on the part of the Government as well as the American people. We have been a fortunate nation that we can have a reserve currency.
My sentiments are that the US dollar is losing its prestigious role as the currency of favorite of other nations. The outcome of all these things will depend on many factors, but the wheels are turning and a perfect storm is going to surface where many people will be affected in many areas of the economy.
The sad part is the American people as a whole is not prepared for what is coming...there will be hardships that will result in a possible breakdown in the rule of law. There will be greater loss of credibility by the US to other nations. It will be hard all over until this nation repents and serve the God of this country. Until then, America the beautiful will become America the undesired. Nonetheless, I am grateful I live in this choice land. It is my hope that the good and honest people who will be in key roles will rise up and do what is right for the country and for its people.
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