How bad is inflation in your country?

The devaluing of the currencies is going on for years (you don’t confuse it with the officially announced devaluations circa the mid-60’s, do you?). Ever since since the gold standard has been abandoned, the need to announce it disappeared. Otherwise it would be quite embarrassing to announce it every day. It’s just called differently – currency depreciation, floating exchange rate, controlled inflation, etc. Doesn’t hurt us on the international scene a bit since the dollar is still much more stable than the currencies of the developing countries, and the currencies of the industrialized countries are depreciating at the same pace if not faster.

As per the US economy in the hands of foreigners, it’s not as scary as it seems. First of all, the central banks support each other by buying each other’s debt, currency interventions and such, so no real threat of a sudden demand for payment. With regard to tangible assets, only non-strategic assets are allowed to be owned by non-US interests. Entire strategic industries are subsidized by the government – just how would the steel companies or American farmers survive if not for the subsidies. As an additional benefit, foreign ownership creates that bond between countries that renders a military conflict between them impractical – try to imagine an attack on Pearl Harbor today. And finally, as long as the assets are located on your territory, you could always repossess them in case of national emergency.