<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
		>
<channel>
	<title>Comments on: The Dollar&#8217;s Reserve Currency Role Is Drawing to an End</title>
	<atom:link href="http://www.chroniclesmagazine.org/2008/02/01/the-dollars-reserve-currency-role-is-drawing-to-an-end/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.chroniclesmagazine.org/2008/02/01/the-dollars-reserve-currency-role-is-drawing-to-an-end/</link>
	<description>Your home for traditional conservatism.</description>
	<lastBuildDate>Thu, 24 May 2012 03:20:39 +0000</lastBuildDate>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.2.1</generator>
	<item>
		<title>By: Kirt Higdon</title>
		<link>http://www.chroniclesmagazine.org/2008/02/01/the-dollars-reserve-currency-role-is-drawing-to-an-end/comment-page-1/#comment-84734</link>
		<dc:creator>Kirt Higdon</dc:creator>
		<pubDate>Wed, 06 Feb 2008 00:00:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.chroniclesmagazine.org/?p=503#comment-84734</guid>
		<description>Today&#039;s wars are either low-end guerrilla conflicts in remote areas or high tech wars fought by small numbers of highly trained professionals and mercenaries who don&#039;t need the motivation of patriotism or nationalism - just that of being paid well and being able to kill, maim and bully other people.  These are the products of a violent porn culture, the war as video game generation.   And yes, the US could destroy China with nuclear weapons, but won&#039;t need to because the Chinese know it and won&#039;t provoke a strike.  There does exist a small chance of nuclear war with China by miscalculation, if the Chinese attempt a limited war to drive US naval forces from the Chinese side of the Pacific and recover Taiwan and the US is unwilling to keep it limited.  It&#039;s not a question of defending a nation; it&#039;s a question of US plutocrats and oligarchs defending their position as the world&#039;s rulers.  What country has more than 700 military basis in more than 100 different countries throughout the world and wages wars of agression and conquest every few years on any pretext?  Hint - it&#039;s not China.</description>
		<content:encoded><![CDATA[<p>Today's wars are either low-end guerrilla conflicts in remote areas or high tech wars fought by small numbers of highly trained professionals and mercenaries who don't need the motivation of patriotism or nationalism - just that of being paid well and being able to kill, maim and bully other people.  These are the products of a violent porn culture, the war as video game generation.   And yes, the US could destroy China with nuclear weapons, but won't need to because the Chinese know it and won't provoke a strike.  There does exist a small chance of nuclear war with China by miscalculation, if the Chinese attempt a limited war to drive US naval forces from the Chinese side of the Pacific and recover Taiwan and the US is unwilling to keep it limited.  It's not a question of defending a nation; it's a question of US plutocrats and oligarchs defending their position as the world's rulers.  What country has more than 700 military basis in more than 100 different countries throughout the world and wages wars of agression and conquest every few years on any pretext?  Hint - it's not China.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Dave Kamka</title>
		<link>http://www.chroniclesmagazine.org/2008/02/01/the-dollars-reserve-currency-role-is-drawing-to-an-end/comment-page-1/#comment-84663</link>
		<dc:creator>Dave Kamka</dc:creator>
		<pubDate>Tue, 05 Feb 2008 20:51:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.chroniclesmagazine.org/?p=503#comment-84663</guid>
		<description>#29

Don&#039;t be so naive.   You rely on the military being able to destroy China?  How?  With nuclear weapons?  Just how long do think it will take before there are a sufficient number of Frankfort school graduates among our populace with their &quot;white guilt&quot; and &quot;anti western&quot; indoctrination that such war would simply be unthinkable even it if meant subjugation of the country.  I shudder to think of the numbers today of people who are, say, the age that Obama attracts, that probably think Mexico would be justified in reclaiming the Southwest.  After all, we ARE guilty of stealing from them.  Besides, once the North American Union comes to be, who is going to fight for &quot;North America?&quot;  With the death of patriotism and nationalism, there will be no motive to defend a nation and no no nation to defend.  Saving ones own skin will be the prevalent mind set...even if such means collaborating with an occupier.  This total degradation of our national spirit may take some years, even past my life expectancy, but China has the mind to wait for what it wants.</description>
		<content:encoded><![CDATA[<p>#29</p>
<p>Don't be so naive.   You rely on the military being able to destroy China?  How?  With nuclear weapons?  Just how long do think it will take before there are a sufficient number of Frankfort school graduates among our populace with their "white guilt" and "anti western" indoctrination that such war would simply be unthinkable even it if meant subjugation of the country.  I shudder to think of the numbers today of people who are, say, the age that Obama attracts, that probably think Mexico would be justified in reclaiming the Southwest.  After all, we ARE guilty of stealing from them.  Besides, once the North American Union comes to be, who is going to fight for "North America?"  With the death of patriotism and nationalism, there will be no motive to defend a nation and no no nation to defend.  Saving ones own skin will be the prevalent mind set...even if such means collaborating with an occupier.  This total degradation of our national spirit may take some years, even past my life expectancy, but China has the mind to wait for what it wants.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Kirt Higdon</title>
		<link>http://www.chroniclesmagazine.org/2008/02/01/the-dollars-reserve-currency-role-is-drawing-to-an-end/comment-page-1/#comment-84209</link>
		<dc:creator>Kirt Higdon</dc:creator>
		<pubDate>Tue, 05 Feb 2008 03:50:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.chroniclesmagazine.org/?p=503#comment-84209</guid>
		<description>To update a cliche that was popular at least as far back as the 19th Century, if you owe your banker hundreds of billions and can&#039;t pay, it&#039;s your banker that&#039;s in trouble.  I don&#039;t see China dictating policies to us if we can&#039;t pay our debts any more than we could dictate policies to Argentina.  And since our military establishment is capable of destroying China if it came to war, they couldn&#039;t very well occupy the US and force us all into slavery until the last of what we owe them is paid.  About all they can do is stop lending the US government money and stop selling US consumers cheap and sometimes dangerous consumer goods.  Doesn&#039;t sound like a bad outcome to me.  What I fear is not the Chinese dictating to us, but the US government dictating to the Chinese under threat of military attack to continue the present policies.</description>
		<content:encoded><![CDATA[<p>To update a cliche that was popular at least as far back as the 19th Century, if you owe your banker hundreds of billions and can't pay, it's your banker that's in trouble.  I don't see China dictating policies to us if we can't pay our debts any more than we could dictate policies to Argentina.  And since our military establishment is capable of destroying China if it came to war, they couldn't very well occupy the US and force us all into slavery until the last of what we owe them is paid.  About all they can do is stop lending the US government money and stop selling US consumers cheap and sometimes dangerous consumer goods.  Doesn't sound like a bad outcome to me.  What I fear is not the Chinese dictating to us, but the US government dictating to the Chinese under threat of military attack to continue the present policies.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Thomas Miller</title>
		<link>http://www.chroniclesmagazine.org/2008/02/01/the-dollars-reserve-currency-role-is-drawing-to-an-end/comment-page-1/#comment-84184</link>
		<dc:creator>Thomas Miller</dc:creator>
		<pubDate>Tue, 05 Feb 2008 02:41:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.chroniclesmagazine.org/?p=503#comment-84184</guid>
		<description>Lee @ #27:

We are no doubt approaching the time when Beijing will be dictating our policies. A country that still honors the memory of a man who killed tens of millions of his own people (Mao&#039;s portrait still hangs in Tianamen Square), a regime that executes members of a harmless spiritualist sect and sometimes harvests their organs for sale in transplants, a nation whose motto is &quot;Life is Cheap&quot;, will absolutely own us in the near future. That is truly terrifying. 

The treason of our current generation of leaders is just sickening...</description>
		<content:encoded><![CDATA[<p>Lee @ #27:</p>
<p>We are no doubt approaching the time when Beijing will be dictating our policies. A country that still honors the memory of a man who killed tens of millions of his own people (Mao's portrait still hangs in Tianamen Square), a regime that executes members of a harmless spiritualist sect and sometimes harvests their organs for sale in transplants, a nation whose motto is "Life is Cheap", will absolutely own us in the near future. That is truly terrifying. </p>
<p>The treason of our current generation of leaders is just sickening...</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Lee</title>
		<link>http://www.chroniclesmagazine.org/2008/02/01/the-dollars-reserve-currency-role-is-drawing-to-an-end/comment-page-1/#comment-84107</link>
		<dc:creator>Lee</dc:creator>
		<pubDate>Mon, 04 Feb 2008 23:54:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.chroniclesmagazine.org/?p=503#comment-84107</guid>
		<description>I remain convinced that, for those concerned about manufactured goods, oil and refined products, and our ability to borrow currency, the time after the 2008 China olympics will be the time of reckoning.  The Chinese already have us by the short hairs and they are just biding their time.  The time that the Chinese will be dictating to us is fast approaching.</description>
		<content:encoded><![CDATA[<p>I remain convinced that, for those concerned about manufactured goods, oil and refined products, and our ability to borrow currency, the time after the 2008 China olympics will be the time of reckoning.  The Chinese already have us by the short hairs and they are just biding their time.  The time that the Chinese will be dictating to us is fast approaching.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Eagle</title>
		<link>http://www.chroniclesmagazine.org/2008/02/01/the-dollars-reserve-currency-role-is-drawing-to-an-end/comment-page-1/#comment-84045</link>
		<dc:creator>Eagle</dc:creator>
		<pubDate>Mon, 04 Feb 2008 21:42:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.chroniclesmagazine.org/?p=503#comment-84045</guid>
		<description>#25,

It is conjecture on my part, but I do believe Ford demonstrated a good deal more patriotic instinct than his modern counterparts.  While he was not perfect, I don&#039;t think it is a stretch to have expected better from him than, say, the foreign-born managers of his company today who garner bigger paychecks than Henry ever did and whose motivation is primarily tied to those paychecks and not the well-being of the Michigan community, the &quot;good name&quot; of the company, and  the long-term prospects for a company that he may have (rightly) expected his great-grandson to run.  It is a somewhat pointless argument, though, to suppose what he would have and would not have done.  

You are correct and I wholly agree that it is up to &quot;us&quot; to enforce what we expect of our industry.  As workers, share holders, and as consumers we should make it clear that we expect a sort of compact with society (us) or goodbye sales.  But, alas, as workers, share holders and consumers &quot;our&quot; sights are short and greedy - as the system expects.  Like so much of &quot;what is wrong with the world&quot;, this is first and foremost a question of our culture.  Dilemma, indeed.</description>
		<content:encoded><![CDATA[<p>#25,</p>
<p>It is conjecture on my part, but I do believe Ford demonstrated a good deal more patriotic instinct than his modern counterparts.  While he was not perfect, I don't think it is a stretch to have expected better from him than, say, the foreign-born managers of his company today who garner bigger paychecks than Henry ever did and whose motivation is primarily tied to those paychecks and not the well-being of the Michigan community, the "good name" of the company, and  the long-term prospects for a company that he may have (rightly) expected his great-grandson to run.  It is a somewhat pointless argument, though, to suppose what he would have and would not have done.  </p>
<p>You are correct and I wholly agree that it is up to "us" to enforce what we expect of our industry.  As workers, share holders, and as consumers we should make it clear that we expect a sort of compact with society (us) or goodbye sales.  But, alas, as workers, share holders and consumers "our" sights are short and greedy - as the system expects.  Like so much of "what is wrong with the world", this is first and foremost a question of our culture.  Dilemma, indeed.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Dave Kamka</title>
		<link>http://www.chroniclesmagazine.org/2008/02/01/the-dollars-reserve-currency-role-is-drawing-to-an-end/comment-page-1/#comment-84020</link>
		<dc:creator>Dave Kamka</dc:creator>
		<pubDate>Mon, 04 Feb 2008 20:41:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.chroniclesmagazine.org/?p=503#comment-84020</guid>
		<description>&quot;...never before had an oligarchy actively conspired in shipping the livelihoods and economic independence of a nation overseas so that the their small clique at the top could get super-rich! I would venture to say that Henry Ford would have been appalled.&quot;

I wonder what Ford would have done had he lived in a time when instantaneous worldwide communications and rapid transport, to say nothing of a capable workforce and means of production outside our boarders, made it feasible and economical to &quot;outsource.&quot;  I would not bet the farm on Ford being such a patriot or nationalist that he would have acted differently from any modern industrialist.  And patriotism/nationalism is the only impetus to override the profit motive, but it must be self imposed unless we accept the notion that it should be imposed by government.  Oh, I suppose that some industrialist may take the long term view of things and reason that “outsourcing”, though good in the short term, is ultimately injurious in the longer view.  Killing the “golden goose” as it were.  But that is also a business decision that I am not sure government should control.  So, do we let business do what is meant to do or do we engage in government control and planning.  Interesting dilemma.</description>
		<content:encoded><![CDATA[<p>"...never before had an oligarchy actively conspired in shipping the livelihoods and economic independence of a nation overseas so that the their small clique at the top could get super-rich! I would venture to say that Henry Ford would have been appalled."</p>
<p>I wonder what Ford would have done had he lived in a time when instantaneous worldwide communications and rapid transport, to say nothing of a capable workforce and means of production outside our boarders, made it feasible and economical to "outsource."  I would not bet the farm on Ford being such a patriot or nationalist that he would have acted differently from any modern industrialist.  And patriotism/nationalism is the only impetus to override the profit motive, but it must be self imposed unless we accept the notion that it should be imposed by government.  Oh, I suppose that some industrialist may take the long term view of things and reason that “outsourcing”, though good in the short term, is ultimately injurious in the longer view.  Killing the “golden goose” as it were.  But that is also a business decision that I am not sure government should control.  So, do we let business do what is meant to do or do we engage in government control and planning.  Interesting dilemma.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: James Newland</title>
		<link>http://www.chroniclesmagazine.org/2008/02/01/the-dollars-reserve-currency-role-is-drawing-to-an-end/comment-page-1/#comment-84001</link>
		<dc:creator>James Newland</dc:creator>
		<pubDate>Mon, 04 Feb 2008 20:17:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.chroniclesmagazine.org/?p=503#comment-84001</guid>
		<description>In my opinion, #13, it&#039;s not so much the loss of manufacturing jobs that&#039;s important, but the loss of manufacturing &lt;i&gt;capability&lt;/i&gt; generally. Insofar as we are incapable of producing our own material goods, we are dependent upon other countries and not self-sufficient. This can have catastrophic effects; just ask pre-WWII Japan.

Of course, part and parcel of having a manufacturing base is having skilled workers to make use of it. The loss of manufacturing jobs overseas (as opposed to job loss due to automation) thus represents not just a dangerous loss of our material ability to produce goods, but also of the knowledge and skill required to run all those goods-producing machines. To that extent, at least, the loss of manufacturing jobs is an evil in itself.</description>
		<content:encoded><![CDATA[<p>In my opinion, #13, it's not so much the loss of manufacturing jobs that's important, but the loss of manufacturing <i>capability</i> generally. Insofar as we are incapable of producing our own material goods, we are dependent upon other countries and not self-sufficient. This can have catastrophic effects; just ask pre-WWII Japan.</p>
<p>Of course, part and parcel of having a manufacturing base is having skilled workers to make use of it. The loss of manufacturing jobs overseas (as opposed to job loss due to automation) thus represents not just a dangerous loss of our material ability to produce goods, but also of the knowledge and skill required to run all those goods-producing machines. To that extent, at least, the loss of manufacturing jobs is an evil in itself.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Eagle</title>
		<link>http://www.chroniclesmagazine.org/2008/02/01/the-dollars-reserve-currency-role-is-drawing-to-an-end/comment-page-1/#comment-83968</link>
		<dc:creator>Eagle</dc:creator>
		<pubDate>Mon, 04 Feb 2008 19:26:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.chroniclesmagazine.org/?p=503#comment-83968</guid>
		<description>#13,

Yes, indeed, manufacturing is what is important.  Consider that somewhere between thirty-five to fifty percent of the job loss in manufacturing over the last couple of decades may indded have been through the rise of productivity (via machines and, important to note, also via increased human ingenuity in developing better processes) but what about the other percentage shipped overseas?  

Is this a sound practice?  Consider that when we underwent the first industrial revolution, we did not ship agriculture overseas; we, as a nation, became capable of producing more with less people.  Those people benefitted from the second industrial revolution which created our manufacturing base.  In both cases our economic independence as a country and our people&#039;s interests were, on the whole, preserved.  Yes, there were greedy industrialists and, yes, there have been cultural implications of moving workers from the small town to bigger urban centers, but never before had an oligarchy actively conspired in shipping the livelihoods and economic independence of a nation overseas so that the their small clique at the top could get super-rich!  I would venture to say that Henry Ford would have been appalled.  

As an important aside, the industrialists of the former days of the nation at least had some impetus to spend a portion of their fortunes on their fellow citizens.  We have universities and libraries named after them.  Where are today&#039;s &quot;industrialists&quot; sending their billions of dollars?  Are they busyily worrying about the middle-aged guy in Detroit who has lost his auto job and retraining him so that he can benefit from the &quot;New Economy&quot;?  How about helping their civilizational &quot;neighbors&quot; in poor locales such as Moldova that are dirt poor and need, say, new orphanges.  No!   As is the case, they are mainly preoccupied with &quot;big&quot; and &quot;important&quot; (as defined by geniuses from rock groups and other such uneducated, drug-addicted morons) projects that have to do with wiping out aids, third world debt owed to us, and other problems that ail some far-away, properly designated pc-victim group.  

We live in sick times and they will get sicker.  The economy is a reflection of the insanity.  Wishing for a calamity that will wipe the elites out is just that, wishful thinking, because, as Dr. Wilson and others have pointed out, it is the ordinary folk who will suffer the brunt of the consequences.</description>
		<content:encoded><![CDATA[<p>#13,</p>
<p>Yes, indeed, manufacturing is what is important.  Consider that somewhere between thirty-five to fifty percent of the job loss in manufacturing over the last couple of decades may indded have been through the rise of productivity (via machines and, important to note, also via increased human ingenuity in developing better processes) but what about the other percentage shipped overseas?  </p>
<p>Is this a sound practice?  Consider that when we underwent the first industrial revolution, we did not ship agriculture overseas; we, as a nation, became capable of producing more with less people.  Those people benefitted from the second industrial revolution which created our manufacturing base.  In both cases our economic independence as a country and our people's interests were, on the whole, preserved.  Yes, there were greedy industrialists and, yes, there have been cultural implications of moving workers from the small town to bigger urban centers, but never before had an oligarchy actively conspired in shipping the livelihoods and economic independence of a nation overseas so that the their small clique at the top could get super-rich!  I would venture to say that Henry Ford would have been appalled.  </p>
<p>As an important aside, the industrialists of the former days of the nation at least had some impetus to spend a portion of their fortunes on their fellow citizens.  We have universities and libraries named after them.  Where are today's "industrialists" sending their billions of dollars?  Are they busyily worrying about the middle-aged guy in Detroit who has lost his auto job and retraining him so that he can benefit from the "New Economy"?  How about helping their civilizational "neighbors" in poor locales such as Moldova that are dirt poor and need, say, new orphanges.  No!   As is the case, they are mainly preoccupied with "big" and "important" (as defined by geniuses from rock groups and other such uneducated, drug-addicted morons) projects that have to do with wiping out aids, third world debt owed to us, and other problems that ail some far-away, properly designated pc-victim group.  </p>
<p>We live in sick times and they will get sicker.  The economy is a reflection of the insanity.  Wishing for a calamity that will wipe the elites out is just that, wishful thinking, because, as Dr. Wilson and others have pointed out, it is the ordinary folk who will suffer the brunt of the consequences.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Dave Kamka</title>
		<link>http://www.chroniclesmagazine.org/2008/02/01/the-dollars-reserve-currency-role-is-drawing-to-an-end/comment-page-1/#comment-83830</link>
		<dc:creator>Dave Kamka</dc:creator>
		<pubDate>Mon, 04 Feb 2008 15:20:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.chroniclesmagazine.org/?p=503#comment-83830</guid>
		<description>&quot;This is the profile of a Third World economy.&quot;

Which is fitting for a nation that is increasingly reflecting 3rd world demographics.  Mr Miller and Mr Morgan have said it all.  The workforce follows the available jobs, but the jobs also follow the available workforce. Change the workforce into one that demands skilled, well paying jobs and those jobs will be supplied.</description>
		<content:encoded><![CDATA[<p>"This is the profile of a Third World economy."</p>
<p>Which is fitting for a nation that is increasingly reflecting 3rd world demographics.  Mr Miller and Mr Morgan have said it all.  The workforce follows the available jobs, but the jobs also follow the available workforce. Change the workforce into one that demands skilled, well paying jobs and those jobs will be supplied.</p>
]]></content:encoded>
	</item>
</channel>
</rss>

