[Recording Start]
Scott Douglas Jacobsen: So, we were talking a little bit off tape and something that came up was me asking do you think the American dollar will disappear as the world’s Reserve currency. What are your thoughts on that?
Rick Rosner: I said yeah but I don’t know how long it’ll take. America’s financial system was strong enough to handle four years of the country being run by criminal idiots under Trump. I don’t know that it could handle two consecutive administrations of criminal idiots. On the other hand, I don’t know that the world wants to make the one, the reserve currency because then you’re putting a Communist dictatorship in charge of the world financial system.
This crop of Republicans is very nihilistic or just stupid, like maybe too stupid to understand that what they’re doing is nihilistic. They’re talking about scuttling Social Security and Medicare which is the medical care that you qualify for once you’re 65. It’s like medical insurance for all but you have to hit 65. And the Republicans are trying to kill these things because the current Republicans are only responsive to very rich donors. And if you kill Social Security and Medicare then you can give more tax cuts to billionaires even though the money in Social Security we paid in, not just as taxpayers but as direct deductions from our paychecks, that money is ours. We just get it back in retirement but the rich billionaires want to get their hands on it.
If you privatize these things then private companies and rich people can make money off of privately running Social Security and Medicare. The Republican argument has always been that private enterprise is more efficient than the government and that’s been proven wrong again and again over the past 30 years where private enterprise has been increasingly good at making rich people richer. Any efficiencies don’t go back to the consumer; they go to stockholders and the people who run the companies. The Republicans want to do a thing where you vote on whether to fund Social Security and Medicare every few years. Why you would do that I don’t fucking know except that’s their plan. If they succeed in getting that plan installed, then there’s a major fight every five years if they get The Five-Year Plan passed or every year if they get the one-year plan passed.
We’ll have to give major concessions to… they may shut down the government over shit like this and if the government gets shut down annually for a few years in a row, then the world will seriously consider finding a more reliable reserve currency though right now the dollar is stronger than it’s been in decades. It got down to where a 30-year low the pound versus the dollar, you could buy a pound for like a buck seven when it’s usually like a buck 35. And for a while a dollar was worth more than the Euro which I don’t know when the last time. Anyway, the dollar is still strong. I’m thinking because we’re back to semi-competent governance but it’s hard to squeeze the dangerous assholes out of government and they may win the election that is happening three weeks from tomorrow.
Anyway, that jeopardizes the America being a financially reliable and responsible country. The dangerous idiots who, not to go into it much, but just to mention it that Russia has been sponsoring a lot of this idiocy whether these idiots realize it or not.
[Recording End]
Authors
Rick Rosner
American Television Writer
Scott Douglas Jacobsen
Founder, In-Sight Publishing
In-Sight Publishing
License and Copyright
License
In-Sight Publishing by Scott Douglas Jacobsen is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. Based on a work at http://www.rickrosner.org.
Copyright
© Scott Douglas Jacobsen, Rick Rosner, and In-Sight Publishing 2012-Present. Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Scott Douglas Jacobsen, Rick Rosner, and In-Sight Publishing with appropriate and specific direction to the original content.
Rick Rosner 