Yes a lot of people either choose to ignore this or are ignorant of it. That is one of the reasons the USD is so strong! Most other currencies are bigger basket cases than the USD. In the end the fiat monetary system will have to be replaced by something tangible. Gold/silver is the first thought because it has been used as money for over 2000 years with the exception of the last 300 or so years. For the PM's to achieve this due to the scarcity of the metals and the expanding monetary supply their prices would have to rise to mind boggling levels. The dumb ass UK minister who approved the dumping of their 400 or so tons of Gold at US$280 oz and then put the money into the USD which dropped by 40% should stand alongside Alan Greenspan as the greatest fools ever put on the planet and accept their responsibility for the financial destruction they have created. In the UK's case their reserves would be 700% greater if he had left things as they were. Fitting that he is now their PM and gets to go down in history as the guy at the helm when the British pound ceased to exist.
