Will Grigg's Liberty Minute

November 15, 2007

Supermodel Gisele Bundchen has no particular expertise where monetary policy is concerned, but she has enough common sense to recognize that the dollar is in trouble. That's why Gisele, the world's highest-paid model, has asked to be paid in euros rather than dollars.

A recent music video by rapper Jay-Z features a drug dealer flashing a wad of euros. When even the denizens of the Hip-Hop culture recognize the dollar's decline, something very unsettling is happening to our economy.

In early November, the Chinese central bank ? which has been propping up the dollar by purchasing Treasury notes ? predicted that the dollar will soon lose its status as the world's reserve currency. The German publication Der Spiegel points out that if China should abandon the dollar the result would be ?tantamount to Pearl Harbor without the war.?

Should this occur, however, the fault would lay entirely with our own government, which has spent the dollar into oblivion.

Let us take back the liberty wherewith Christ has made us free.