sunnsea

As the Dollar Continues to Collapse, Where Will You Put Your Money?

Funny. This morning the dollar is at $1.40 to the Euro. Back in June '08 it was trading at $1.60. Where was the panic then? Only complaints were about gasoline over $4.00 a gallon. Could it be because we have Obama as President that suddenly we use words like "collapse", "panic." It was the Bush policies that made sure that we a) did not even know we were in a recession since late 2007, (I knew we were in one but my right-wing friends kept telling me were not) and b) that the dollar should remain weak and we should not even discuss it. Then July 15 everything changed again with speculators out of the oil markets, trying to shore up a Republican victory (obviously that didn't work) to bring back the price of gasoline in America to "reasonable" levels the dollar strengthed against the Euro. By September 15, well, you know the story. Now all of the choice propaganda words are in every article to set the stage for an attempted Repblican coup in 2010. That is the point of all the dire forecasts that you read now.