More on Inflation

Everything from the international trade imbalance, hoarding of currencies, deficit spending, buyouts, state and city governments in the red, insurance and healthcare woes, even unemployment...all can be solved with one thing. End the value of the $USD!

Declare a nationwide bankruptcy! A clean slate. End the speculations market. Just as communism ended. Will there be war? Perhaps. But soldiers AND the citizen at home will defend what they possess, not the money! People will still work, but for a localized merit system rather than a top heavy administration dealing in loans. Will we starve? Hell no! We are producers. Improve our transportation and distribution of goods. Institute a blanket communications network. Roads and technology will improve standard of living.

Stop working the payroll. Drop the credit system and speculation markets. We can begin by saying "let's barter and trade" and stop paying with credit. Am I talking anarchy? an end to civilization as we know it? Perhaps...or perhaps going back to the basic "Save and spend what you have, not what you don't have" or for that matter, what you think you will have.

Inflation

Governments everywhere print money to make payments [of course it can't pay for EVERYTHING, hence debt/deficit spending]. The value of that currency becomes less. Inflation in simple terms.
My "simplistic" view...
Inflation is caused by the US printing more to pay for things domestic like debts and to restabilize bad banks, automobile industry, and some corporations.
The devaluation of the dollar in the international market is due to speculation and again printing $US to pay debts and flood other countries. The article IS correct in that there is no other viable currency to trade in, not even the newer Euro, or anything else that will be invented anytime soon [virtual currency?].
When I was living in the Philippines, common people were happy when the dollar rose in value. Even when I explained to them that the value of the Peso and the Philippine economy is falling! This was 30 years ago, and is still true today. The common person, as well as countries, hoard $US!

The motto of $US is "In God we Trust" but good luck iin getting what you are owed FROM God. Jesus said "Give unto Ceasar what is Ceasar's'" so you are up the creek there!