Understanding
destructive monetary/fiscal policies(increasing the supply of dollars without a
proportional increase in productivity/GDP growth)
Or how the FED and Obama
administration have devalued the dollar causing inflation now with
hyperinflation to come.
What is it about fiat
currency debauchery that makes it so hard to understand? Imagine the mockery
Michelle Obama would get if she announced plans to cure the country's obesity
epidemic by changing the number of ounces in a pound. Wow, I'm down to 175
without dieting! Yet this is exactly what is happening to the dollar, with much
worse to come.
-Bill Freeza
The value of the dollar, in other words,
has collapsed to less than half of the number ounces of gold it was worth when
President Obama acceded to the presidency and to less than a sixth of
what its value on the day, say, George W. Bush acceded. -Editorial, New York
Sun
No comments:
Post a Comment