The buzzards are circling. Lets show them that we are not dead and they can take Yale instead

Found this article on Yale Global

And I bet you have been wondering why the child you sent to Yale came back talking about CZAR’s, Mother Russia, China and India instead of America.

Notice how in the article below they make no mention that their advocacy of globalization is what weakened the dollar!

Wonder no more, but do think of this.

This institute of higher learning is undermining everything you believe in.

Joseph Stiglitz, a leading global economist, argues that the US dollar has a limited future as the world’s dominant currency. But such a change to a system that has long relied on the US dollar as the global reserve currency is not to be feared: it will benefit both the US and the world. The current system is unstable, weakens the global economy, and works to the disadvantage of all countries. Countries that hold their assets in U.S. government bonds are suffering an opportunity cost of investing in lower yield instruments. Meanwhile, the US is racking up a huge trade deficit as other countries hold onto dollars. What’s needed is a single reserve currency for the world modeled on the IMF’s Special Drawing Rights. Such a system would be more stable and encourage countries to invest their reserves rather than holding onto them, aiding global growth. The transition would be difficult, but, as the current system is already fraying, the need to move away from a dollar-dominated world is all the more pressing. − YaleGlobal

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