When I was in America in 1980, one Aussie Dollar bought 1.20 US Dollars.
Republicans hated President Carter and would do anything to unseat him.
Like now, they would (and did) crash the US Dollar to get regime change.
If you think $1.10 is high, if the Republicans persist $1.20 will be low.
Cos this time, with Default as a weapon, the Damage will be worse.
Republicans want to return to the Dark Satanic Mills of the 1800s.
When labour unions didn't exist and wages were pitifully low.
In Texas with $6 per hour, Republicans are half-way there.
A Texas rancher took me to see the Great Wealth Divide:
I was riding the range on the Lazy-F ranch at the time (July 2010):
