13 October 2009

Dollar, Dollar, Who Wants the Dollar?

Image via Dennis Mangan
Obama Dollar falling in value worldwide__President Barack Obama’s effort to lead the world economic recovery by spending the U.S. out of its recession is undermining the dollar, triggering record commodities rallies as investors scour the globe for hard assets.

World banks running from Obama dollar__Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades.

The Obama dollar gets political__The aftershocks of the global financial crisis may now be propelling the dollar back to the political forefront. The greenback’s continuing slide makes it a handy metric that neatly encapsulates America’s current economic troubles and possible long-term decline. House Republicans for instance, have been using the weaker dollar as a weapon in their attacks on the Bernanke-led Federal Reserve.

Jim Rogers predicts Obama Dollar to lose reserve status__Rogers' confidence gold will continue to rally stems from a view the U.S. dollar is on its way to losing status as the world's reserve currency.

"Is it going to happen? Yes," Rogers says. "I don't like saying it [and] I'm extremely worried about it but we have to deal with the facts. America is not getting better [and] the dollar is going to be replaced just like pound sterling [was]."

Labels: ,

Bookmark and Share


Blogger Hell_Is_Like_Newark said...

Between starting a possible trade war with China and destroying the dollar.. I suspect Obama is trying to create a 21st century version of the Smooth-Hartley tariffs. As a possible payoffs to the unions maybe?

Wednesday, 14 October, 2009  
Blogger al fin said...

Who can say what Obama is "trying" to do. Obama is a bundle of contradictory whims and wanna-dictates combined with a whole truckload of payoffs due.

The unions have to be paid off along with George Soros and his gang of agitprop dildos. Trial lawyers are due theirs. All the overseas contributors who illegally backed Obama have to be considered. And already, gays and lesbians feel betrayed.

Obama himself is an incompetent will of the wisp, who reads well from a teleprompter and has a good vocal delivery when prepared. 90% of the US media belongs to the Obama cheerleading squad, so his many mistakes are generally papered over.

The man does not understand anything beyond social parasitism. He doesn't realise that the parasite must use moderation, or the host will die.

If he kills the US, what will happen to his power, his destiny? He is no kamikaze. He wants to rule on the throne, forever.

Wednesday, 14 October, 2009  

Post a Comment

“During times of universal deceit, telling the truth becomes a revolutionary act” _George Orwell

<< Home

Newer Posts Older Posts