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hey jack, the same thing that has been happening to the dollar since 1913...inflation happens. fiat currency, bound to happen, but to really tickle your brain, ask why the aid package to Georgia over 1 billion, or countless others just like it over the years.....the USD is being deliberately weakened, over time, probably to make way for the Amero.
Sep 07 12:13 pm
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All Comments by naturalsol »A First Look Inside the Fannie / Freddie Bailout Plan [View article]
Loose lending was encouraged for this reason, and the money top gives away USD for the same reason.
there's my two cents.
--I kicked myself fot not buying Bear Stearns the Friday prior to the Monday bailout announcement... I wonder what this will do to FNM and FREs' stock prices...??