Dear Tigerquoll,
Thanks for this article, but please look at the other main article on this problem, The US Dollar as a weapon: debt and devaluation," which was posted on August 7th, 2011 by admin. It gives a context for how wierd it is to have the US force the rest of the world to maintain its profligacy (overspending) whilst every other country is expected to submit to austerity and give up its public assets and people to give up self-government control over their affairs.
"The decline in the value of the US dollar is engineered by the US government in order to make US products more affordable and to relaunch their manufacturing economy. The world is trapped by the US into subsidising its debt on account of the very large market it represents and the control over the money markets of US corporate investors. Other economies with higher value currency will experience a falling off in sales because the goods they produce will be less affordable on the world market. Hans-Peter Martin and Harald Schuman wrote about this 'trap' late last century. Read what they wrote then and consider how well it explains our current situation." More here: The US Dollar as a weapon: debt and devaluation."
Our food bowls should not be sacrificed to mining