I also think the less money one has for the future generations, the more it builds character. Perhaps, leaving so much wealth for our children are in the long run ruining them. Every generation, we are more and more dependent on foreigners to migrate to fulfill skillsets that our own children are not qualified and able to fulfill. Elon Musk South African, there is that google CEO and Satya something from Microsoft.
When it comes to the Iraq war, I thought the real reason was for the oil. Well, I am sure some oil executive and weapons executive somewhere got filthy rich from it, theres a good youtube video on this. However, I as a normal citizen got nothing. The price I pay at the pump is the internaitonal price, the same price that is paid by Canadians and Mexicans at their gas pumps. I never got anything for the invasion of Iraq except more deficits to pay off which translate to higher taxes.
So if the dollar falls because it fails to be a petrodollar, it may actually be a good thing. We will have to rethink again to make sure that every dollar we make is earned through real sweat, not from a printing machine. Then that will make us be more careful about how we are spending our money. That extra benefit that other BRIC nations benefit from being the new petrodollar, petroyuan, petrorupee or petropeso can be used by them to reduce their extreme poverty. In all, the world becomes a better place for us and for them.
