Excellent Commentary on the Dollar’s Plummet

If you think the title of this post is self-congratulatory (“Excellent commentary, Self!” “Why, thank you, Self–I do agree!”), it is not.  Rather, it is a sign of yet another post in which I do not add much commentary myself but instead point you to someone else.  In this case, it is a fantastic article on Germany’s Spiegel Online website, internet home of the Der Spiegel newspaper.

It is a long article, and it may try the patience of some of you to slog it out, but it is–in my opinion–an excellent summary of the mind-blowing stakes America is gambling with concerning the value of its dollar: stakes that involve the entire world economy and that will powerfully affect the world in which each of us lives and works in the very near future.  It is also a bit of an education concerning the history of how we got here in the first place.

If you have some “sit and read” stamina and would like to understand how the dollar came to be so important to the entire world and what it’s continuing fall may portend, consider giving the article your attention:

“The Dollar Nosedive: Why America’s Currency Is the World’s Problem”

Proverbs 22:7 says that the borrower is servant to the lender, and this upside down world in which America has enjoyed the status of simultaneously the nation that calls the shots and the world’s biggest borrower is coming to an end.  Prophetic statements such as that in Deuteronomy 28:43-44 apply to the United States, and I don’t know about you, but as more an more light is shed on the economic landscape that surrounds us the reality presented by such passages becomes easier and easier for me to see.

One thought on “Excellent Commentary on the Dollar’s Plummet

  1. Excellent? It’s terrifying. Whatever solution Europe and Asia find for the long-term problem caused by America living beyond it’s means, you can be sure it won’t be good for America. Prophetic fulfillment, indeed.

    The best solution to the current problem (wait and see) is not *ipso facto* a good solution, so when a good solution comes along, watch out…

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