As the leadership and foreign economies continue in their whirlwind of change, many dangers to the U.S. economy go almost unnoticed. One of these events occurred recently with the party change in Japan, and its likely effect on the U.S. dollar.
TheTrumpet.com has delved into this radical change in Japan, and posted the details as written by Robert Morley…
The account given by Mr. Morley offers little hope for the American dollar…
“If Japan were to follow through with its threat to only lend in yen, the dollar would probably fall hard. What would that mean? America gets more expensive consumer goods, higher unemployment, and currency inflation. If other nations like China follow suit, we would be looking at a currency crisis—Zimbabwe-style.”
With the U.S. in debt to Japan for over $720 Billion, an unfriendly Japanese ruling party could, in fact, demand all future transactions in Yen. What a bombshell that would be… more like an economic Pearl Harbor against the U.S. dollar, I’d say!
With a world currency mostly based on oil, and the unfriendly climate blowing in from Japan right now, can the dollar survive until the 2012 elections? Or even until the 2010 ballots are cast?
With the world economy turning against us, and Obamanomics destroying America’s finances from within, it’s not a pretty picture for our economic survival right now!
Keith