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Why the dollar is so cheap, and euro and gold are so dear
smith.umd.edu — The dollar is trading at all time lows against the euro and gold for good reasons. The Bush Administration has flooded the world with greenbacks, and global investors have little confidence in the management of the U.S. economy.
Kent4jmj- 20 diggs
- digg it
- Kent4jmj, on 03/06/2008, -0/+12By Dr. Peter Morici, Professor of International Business
"The huge trade deficit must be financed either by attracting foreign investment in new productive assets in the United States or by printing IOUs. Investment has only provided about 10 percent of necessary cash, so each year the United States sells currency, bank deposits, Treasury securities, bonds, and the like to foreigners. Those claims on the U.S. economy now total about $6.5 trillion. " - USNavyBlue, on 03/06/2008, -0/+14Congressman Ron Paul has introduced two bills that could bring benefits.
His 15-word "Honest Money Act" (HR 2756) would repeal the 41-word legal tender law, while his 104 word "Free Competition in Currency Act" (HR 4683) would repeal the 69 words of Title 18 Section 489. The legal tender law gives the Federal Reserve a monopoly over the money supply, while Title 18 Section 489 gives the United States government a monopoly over the creation of coins for use as currency.
Support this bills. You can fax Congress for free from this website: http://action.downsizedc.org/wyc.php?cid=85 - Antarcticn, on 03/06/2008, -0/+6Good work, Kent. Your synopsis and observation is on-target.
USNavyBlue is right to urge support for Ron Paul's bills. I contacted my congressthings before about this matter. They don't like it. Barely an off-the-shelf canned reply. Definitely not relevant.
el busho's global elitist controllers are deliberately destroying the dollar just as they promised to do. This sets the table for financial downturns, widespread hard times and depression (not recession), and the whipped American sheeple embracing globalist salvation by merging the USA into the NAU (North American Union) which shall hail the release of the Amero, and burial of the dollar. Ameros have already been minted/printed. This also gives global elitists who own the Fed and control central banks around much of the world a way to restructure debts owed to foreign nations who hold billions (or a trillion in comm-Chi's case) of dollars and other bonds and "monetary instruments". Money masters get to push the RESET button for their own benefit -- if they didn't miscalculate and screw themselves along with screwing We The Victimized American Sheeple.
This is more Pure Evil by tyrants infesting a now-criminal non-representative godvernment; OF, BY and FOR ONLY private interest racketeers, embezzlers, extortionists, blackmailers, blood-money profiteers, and even many coldblooded murderers, rapists, sexual deviants and perverts. The best money can buy during "elections" tabulated by behind-the-scenes wizards who count the votes with their unauditable electronic election fraud machines. - onthewriteside, on 03/07/2008, -0/+5I must admit that Ron Paul has it right when he talks about the dollar.
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