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General => The Tailgate => Topic started by: KySongDog on October 06, 2009, 06:33:49 AM

Title: The Dollar's Demise
Post by: KySongDog on October 06, 2009, 06:33:49 AM
Secret talks are being held by foreign countries to end the use of the U.S. dollar to buy and sell crude oil.   The devaluation of the dollar continues.   :rolleye:

Obama is squandering the prestige and independence of the U.S. in his quest for "one world government" and universal socialism.   :argh:

If you thought NAFTA was bad, you ain't seen nothing yet.  :rolleye:

http://www.foxnews.com/story/0,2933,560742,00.html
Title: Re: The Dollar's Demise
Post by: FinsnFur on October 06, 2009, 09:10:00 PM
Stuff like this just makes my guts roll with both confusion and fear  :sad:
Title: Re: The Dollar's Demise
Post by: KySongDog on October 06, 2009, 10:09:21 PM
Hyper inflation is my biggest concern.   The government just prints more money to pay its debts.  But the consumer gets hosed when his money ends up buying little or nothing.    :argh:

Take a look at Zimbabwe in this CIA listing.   These are 2007 and 2008 estimated figures.


https://www.cia.gov/library/publications/the-world-factbook/fields/2092.html

Venezuela, under Chavez, is at 30% for 2008.  How's that for socialism.   :rolleye: