Monday, May 02, 2011

OH THE PAIN!!!!!!!!!!!!!!!! OUR BELOVED DOLLAR

GREENSPAN FED CHAIRMAN 1987-2006   line that up with the above chart and value of the US $......WE ARE AT DEATHS DOOR WITH BERNANKE AND $ value......

This has helped ruin our manufacturing base and decline standard of living for MOST Americans (only 54% own stocks, lowest level in 13 years), and build CHINA as a world power who WILL eclipse the US in GDP in a few years....THANKS FOR NOTHING....THANKS FOR DESTROYING THE MIDDLE CLASS, and for your feckless reckless monetary policies that have helped put us down that rabbit hole

Duratek

2 comments:

Bob at Trading Strategies said...

Bernanke and Geithner are deliberately devaluing the dollar for two reasons: wriggle out of our national debt; shift the US to an export economy. Both goals may be laudable, but they come at huge cost to the American people. In fact, they come at huge cost to much of the world, which has subsisted by selling things to the US. This is what's called a "soft default." The alternative would be to admit the US can't pay its bills. We would suffer a great loss of prestige and power if that happened, but at least we could start clean. For the government, bankruptcy may be the kinder alternative. Trading Strategies

Duratek said...

Defaulting not an option....the FED has come to near the end of the road....India raises rates 50 basis points overnight....what may be seen as good for us by FED is not good for rest of world, those who hold our debt...manipulated bubbles as we are in yet again end badly....