Comment Re:When Americans No Longer Own America (Score 1) 1075
Because our so-called "free trade" policies have left us with an over $700 billion annual trade deficit, other countries are sitting on huge piles of the dollars we gave them to buy their stuff (via Wal-Mart and other "low cost" retailers). But we no longer manufacture anything they want to buy with those dollars.
Nothing we manufacture,true, but as long as oil is bought/sold primarily in $, US $'s will continue to be in demand. Lookout when that's not the case (Iran's oil bourse anyone) but I'm sure we'll do 'everything we can' to prevent a switch away from the oil-backed $.
