Mounting U.S. Debt and Misguided Foreign Policy Risk a Dollar Doomsday by Scott S. Powell The U.S. dollar is getting perilously close to losing its status and the world’s reserve currency, and there is less room than ever for error on the international stage. Blunders in U.S. foreign policy are likely to have more harmful effects on both our allies and our enemies than in the past given the sorry record of the Biden administration. Should the U.S. dollar be knocked out of its position as the reserve currency, hell would break lose across global markets. With recent memories of Biden’s humiliating and bungled withdrawal from Afghanistan, there is less confidence in the reliability of the United States from our allies, and far less respect and fear of the United States from our enemies. It’s self-evident that the powers behind Biden favor prolonging the Russia-Ukraine war, rather than promoting an e...
Posts
Showing posts from April, 2022
- Get link
- X
- Other Apps
Elon Musk: Free Speech is Essential to a Functioning Democracy By Scott S. Powell Elon Musk, the richest man in America and the founder of Tesla and SpaceX, said last week that “free speech is essential to a functioning democracy.” When he took on Twitter, saying that “the social media platform was failing to adhere to the principles of freedom of expression,” many wondered what’s up. Then on Monday this week it was reported that Musk had put his wallet where his mouth is, buying nearly a 10% ownership of Twitter—a stake worth $3.6 billion and more than four times larger than founder and director Jack Dorsey’s position. Speculation has ensued that Musk might seek more than a board seat to gain control of Twitter so as to make it a truly free speech platform. Musk has said numerous times that he is “a free speech absolutist.” Well, it’s abou...