Obama & Dems Proudest Accomplishment: Killing the Dollar

Discussion in 'Politics' started by CrusaderFrank, Sep 24, 2009.

  1. CrusaderFrank
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    CrusaderFrank Diamond Member

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    I dare to say that the proudest accomplishment of the Dem Congress and the Obama Administration is the certain death of the US Dollar as the world's reserve currency.

    Just so there's no doubt, this will hurt almost EVERY American citizen now and for decades to come!

    Marxists everywhere tearfully rejoice the passing of American financial greatness.

    HSBC bids farewell to dollar supremacy
    The sun is setting on the US dollar as the ultra-loose monetary policy of the US Federal Reserve forces China and the vibrant economies of the emerging world to forge a new global currency order, according to a new report by HSBC.

    HSBC bids farewell to dollar supremacy - Telegraph

    Geithner's remarks about currency send dollar on wild ride
    Bloomberg News / March 26, 2009

    WASHINGTON - Treasury Secretary Timothy Geithner sent the dollar tumbling with comments about China's ideas for overhauling the global monetary system, only to drive it up by affirming that it should remain the world's reserve currency.

    Geithner's remarks about currency send dollar on wild ride - The Boston Globe

    PIMCO: Dollar Supremacy Is Coming To An End
    Joe Weisenthal|Aug. 19, 2009, 6:38 AM

    PIMCO portfolio manager Curtis Mewbourne is getting a lot of attention for a new report predicting the long-term demise of the dollar, or at least its end as the undisputed reserve currency.

    PIMCO: Dollar Supremacy Is Coming To An End
     
  2. WillowTree
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    WillowTree Diamond Member

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    they done us proud! they done us proud!
     
  3. Mr.Fitnah
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    Mr.Fitnah Dreamcrusher

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    Bush helped as well..

    [​IMG]
     
  4. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Bush helped, but it took a coked up Marxist with an anti-America Congress to complete the deed
     
  5. Mr.Fitnah
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    Mr.Fitnah Dreamcrusher

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    Dollar's fate written in history
    By John Lee

    Debt-based monetary systems are inherently unstable. Money is created out of thin air by the banks and lent to government, consumers and businesses. In order to service and repay those debts, the borrowers take on more debts. Asset prices are inflated, and the vicious cycle continues until the debtors are unable to borrow or the banks are unwilling to lend.

    Asia Times Online :: Asian news and current affairs
     
  6. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Dollar is worth more than it was under Bush

    What is the next myth you are trying to sell?
     
  7. CrusaderFrank
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    CrusaderFrank Diamond Member

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    ECB: Euro exchange rates USD 24 September 2009

    Dollar has been CRUSHED since Dems Took Control of Congress.

    Clue: Get one today
     
  8. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    What is the next myth you are trying to sell??

    Even your chart shows the dollar was weaker under Bush
     
  9. Shogun
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    Shogun Free: Mudholes Stomped

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    Monthly Average Graph (Euro, American Dollar) 2002


    the Euro's dominance over the dollar BEGAN in 2002. Enjoy the trade rate history above.


    sheesh.. the shit you people say just to throw shit makes me laugh.. especially when it's pretty easy to prove how retarded your observations are.
     
  10. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Chart clearly shows that the Dollar has been sold short since Dems took over Congress
     

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