Tag Archives: USD

  Here’s your ‘reserve currency’ thought for the day: Every US dollar is a check written on an account that is overdrawn by over 30 trillion dollars. It’s true. The “full faith and credit” of the US Treasury is largely a myth held together by an institutional framework that rests on a foundation of pure sand. In fact, the USD …

  Herland Report: The American De-Industrialization: As I recently wrote, the US no longer has an economy.  America is a market for goods produced offshore with foreign labor that US global corporations sell to Americans.   The US which once produced its own manufactured goods and food now imports much of it.  The result is that fewer and fewer American incomes are based …