While You Were Distracted & Watching Obama’s Showtime & AIG … America was Fleeced & US Dollar Declines
WAKE UP AMERICA
Mr. Obama is directing attention to the public whipping of AIG in the Great Obama Theater. Meanwhile, under cover of darkness and without fanfare, another Trillion dollars of non-existent money was obligated against the American people this afternoon. In addition, the rest of the world’s ills are not being addressed. Truth and responsibility are not significant factors in this administration’s agenda!
Are you paying attention people? Do you people realize what this President of Change is doing to the United States? Have you finally figured out that the CHANGE Barack Obama was referring to was SOCIALISM!!!
Thank you Barack Obama for the US dollar seeing its worst drop in 25 years … HOPE … CHANGE … POVERTY.
In April 2008 then candidate Obama linked the dollar’s steep slide to imbalances in the U.S. economy and Bush administration policies, which he said had put the country deeply in debt. Obama continues to spend, spend, spend and he had the audacity to state that others have put the US in debt. Folks, have you taken a good look at the continued spending and budget that the Obamamessiah is inflicting upon America? How much will out children and grandchildren have to pay for Obama’s irresponsible actions?
The dollar dropped the most against the currencies of six major U.S. trading partners since the Plaza Accord almost a quarter-century ago as the Federal Reserve’s plan to purchase Treasuries spurred speculation that it’s debasing the greenback.
“What it introduces is the problem of the currency to the extent that the Fed is buying what isn’t desired by foreign holders,” said Bill Gross, co-chief investment officer of Pacific Investment Management Co., in an interview on Bloomberg Television on March 19. “The Fed can keep interest rates where they want to keep them, at least for a 6- to 12- to 18-month period of time, but it will have consequences down the road.”