Prior to WWII the financial world revolved around the European banks and most capital investments came from Europe.  American enterprise was completely dependant upon the largess of the European bankers.

            After the war the U.S. developed its own capital resources and became less and less dependant upon Europe.  In a short period of time the U. S. dollar became the world’s standard upon which global economy depended.

            However, since our invasion of Iraq; sometimes called, Bush’s Folly, or the war of mass disappearing weapons, combined with a group of foolish fiscal policies the dollar has lost most of it’s allure and at the same time Europe consolidated it’s economic strengths and created the so called Eurodollar which has replaced the U.S. dollar as the world’s standard.  In fact today it takes over 1.5 U. S. dollars to equal 1 Eurodollar.

            It is hoped, that a new administration might reverse this trend and re-establish the American dollar on the world’s financial stage.

James Heth


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