“When most people in a country have no money or land or even a house, and take no pleasure in working, and when only half of what may be considered the potential working population is formally employed, then it is probably not too strong a statement to say that the system itself is not producing satisfactory results and is even in danger of breaking apart entirely. The US’s advantage throughout the post-War years was its dollar reserve currency; US officials could fund deficit spending by printing dollars without generating price inflation. Countries around the world had to hold dollars because they needed dollars to buy oil. This system is changing now.”
http://www.thedailybell.com/29358/Anthony-Wile-The-Danger-Beyond-Employment-Numbers
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