Ok, for the few that still visit this forum, let's ask Occam, the resident expert on everything except corn stoves, what he knows about the U.S. dollar.
Occam, in another thread you said:
However, current law will put too much of a tax burden on the middleclass after 2012 delaying their debt reduction and full economic recovery, so they need to minimize and delay those tax increases and make up for it with tax reform to broaden the tax base among the wealthy and corporations to maintain the desirable CBO Baseline deficit projection for the next decade.
Now, it is quite obvious by that statement you haven't the foggiest idea what "baseline budget deficit" means, because if you did you'd know there is barely if enough cash in the entire system to even pay for one year of the current $1.65 TRILLION deficit.
Does the following mean anything to you? Maybe it would be wise to check before replying to the above
Your complete ignorance of what actually produces wealth and jobs aside, explain to us all how cutting the rate of spending (baseline deficits) is the same as real cuts in spending (spending below the baseline), and that raising taxes on even every single taxpayer by 50% will even put a dent in the current deficit or future deficits based on baseline budgeting. The debt under any tax increase will continue to balloon, month after month, year after year for infinity or until the country ceases to exist. Prove me wrong.
Put up the numbers, not philosophizing and platitudes.
Next, since you are an economic genius and I am a stupid fool, explain to readers what it means for the U.S. dollar to be the world's reserve currency and how it relates to the following graph. Odd the charts you provided don't mention one iota concerning currency devaluation and its consequences. While you're at it, explain what benefits (advantages) there are to being the world's reserve currency and what happens when said currency is devalued:
Then, see if you can guess which country the following currency devaluation graph is from:
HINT: they didn't have printing presses.
Keep buying those "safe" Treasury bonds ROTFLMAO.
Who thinks near zero interest rates are a sign of a growing economy? Ready for QE3? Heck, the Federal Reserve pumped only $16 TRILLION between Dec 2007 and Jun 2010 into domestic and foreign banks, corporations and governments, so what's a few more trillion?