‘Keep on spending,’ that seems to be the credo of Congress and this insane administration. The dollar is dropping like a stone in the world economy. We’re beginning to feel the change in the dollar value at the gas pump because we’re being charged more per barrel of oil due to the decline in dollar value. The change you see in the stock market is driven by multinational stock prices increasing due to the relative change in dollar value and the gains in the income statement that usually result from a declining dollar. CINCO (Comrade-in-Chief Obama) wants this dramatic change in our economy because it will underscore his premise that capitalism is dead and the U.S. needs to be at a minimum a mixed economy if not a full-blown command economy. The more Congress and the ludicrous left continue to borrow and spend the less the dollar will be worth and the more beholden the U.S. will be to China et al for our foreign policy. CINCO (Comrade-in-Chief Obama) is driving the U.S. down to the economy of the rest of the world – beholden on government drippings that they have robbed from hard working men and women. This is fiefdom all over again – the monarchy just shifted its mantle around.
Had enough yet? Or does the dollar need to drop so low that it is replaced with the Chinese yuan?
Thursday, October 15, 2009
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