Mark Steyn: The Disappearing Dollar. How much longer can it remain the world’s currency standard?

National Review ^ | 04/23/2011 | Mark Steyn

[SeekAndFind]

Congressman Paul Ryan, one of the least insane men in Washington, has a ten-year plan.

President Obama, one of the most insane spenders in Washington, has a twelve-year plan.

After hearing the president

[JimRed]

Soros’s plan, through his puppet POTUS, is right on schedule.

[dps.inspect]

Your the best Mark!!

[Lazlo in PA]

When the US dollar is on parity with the Canadians, you know you are in trouble.

[jtal]

Game over.

The rest of the world isn’t going to subsidize our govt any more.

Get ready for some real unrest that will make Wisconsin look like a walk in the park.

[NWFLConservative]

We're NOT on parity any more, the Canadian dollar is now worth $1.05 US.

[willibeaux]

Another Keystone Kop Kaper from our fearless leader.
Mark nails it.

[Slings and Arrows]

Same article I pinged you to earlier, but different title.

[rawhide]

Little Orphan Obammie costume

Lol!

[rockvillem]

Soros’s plan, through his puppet POTUS, is right on schedule.

This.

Steyn states his case well as always.

[Frank_2001]

Indeed! Why can the Left not comprehend economic REALITY??!!

[Former Proud Canadian]

Laz, I guess you have been in trouble for a while. FYI, the Canadian dollar reached par back in January. The US dollar has declined another 5% since then. Also our credit rating is better than yours (never thought I would be able to say that). And, best of all, our Prime Minister DOES NOT refer to his fellow citizens as "slugs".

You are in a lot more trouble than you think.

I take no pleasure in these facts, except that our leaders hold us in less contempt than your president holds you.

[USFRIENDINVICTORIA]

As I've been saying for several years, on this forum, loss of reserve currency status would be devastating for the U.S. economy. Americans seem to have little or no appreciation, of how important having the reserve currency is. When we, in the rest of the world, borrow money from foreigners; the debt is not denominated in our own currency. We can't inflate ourselves out of debt. It seems that the U.S. is about to lose this unique privilege. You have no one to blame but yourselves — or more specifically, your President, your Congress, and your central bank (the Federal Reserve). Obama must not be allowed to deflect blame for this.

[Ghost of Philip Marlowe]

I wish Steyn would steal my nickname for the current occupant of the WH completely. He’s got the Obammie part down.

The complete and accurate nickname is “Obammie the Commie.”

[DeskCaptain]

I wish I could see where Mr. Steyn was wrong, but as far as I can tell he’s right. The rest of the world is waking up to the fact that our economy is going down the drain. Unless we do something serious about cutting out spending and entitlements, they won’t put up with us much longer.

[SeekAndFind]

RE: We’re NOT on parity any more, the Canadian dollar is now worth $1.05 US.

---

I used to live in Australia. Historically it takes about 0.75 to 0.80 US cents to buy one Aussie.

Today, 1 Aussie is 1.07 USD !!

And oh yeah, take that third world country called the Philippines. It used to be 1 USD could buy 55 Philippine Pesos.

Today, 1 USD buys a mere 43 pesos !!

Yes, WE ARE IN TROUBLE.

We’re getting poorer compared to some of our allies.

[Lazlo in PA]

Sorry kids. I am running on some old info. I had no idea the the Canadians surpassed the dollar by such a large amount. Last I checked it was close but had not overtaken us yet. Geez. How depressing.

[paulycy]

[chatham]

it’s really Sad that only one Son of a B—ch like Obama could ruin the United States of America.

[Cringing Negativism Network]

So America.

How’s that “free trade” thing working out?