Obama & Dems Proudest Accomplishment: Killing the Dollar

[CrusaderFrank]

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

 

[WillowTree]

they done us proud! they done us proud!

 

[Mr.Fitnah]

Bush helped as well..

 

[CrusaderFrank]

Bush helped as well..

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

 

[Mr.Fitnah]

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

 

[rightwinger]

Dollar is worth more than it was under Bush

What is the next myth you are trying to sell?

 

[CrusaderFrank]

Dollar is worth more than it was under Bush

What is the next myth you are trying to sell?

ECB: Euro exchange rates USD 24 September 2009

Dollar has been CRUSHED since Dems Took Control of Congress.

Clue: Get one today

 

[rightwinger]

Dollar is worth more than it was under Bush

What is the next myth you are trying to sell?

ECB: Euro exchange rates USD 24 September 2009

Dollar has been CRUSHED since Dems Took Control of Congress.

Clue: Get one today

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

Even your chart shows the dollar was weaker under Bush

 

[Shogun]

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.

 

[CrusaderFrank]

Dollar is worth more than it was under Bush

What is the next myth you are trying to sell?

ECB: Euro exchange rates USD 24 September 2009

Dollar has been CRUSHED since Dems Took Control of Congress.

Clue: Get one today

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

Even your chart shows the dollar was weaker under Bush

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

 

[CrusaderFrank]

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.

ECB: Euro exchange rates USD 24 September 2009

Dollar started depreciating after 9/11

You've heard of 9/11, correct?

Then it drops off a cliff after Dems take over Congress

 

[Shogun]

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.

ECB: Euro exchange rates USD 24 September 2009

Dollar started depreciating after 9/11

You've heard of 9/11, correct?

Then it drops off a cliff after Dems take over Congress

9/11 happened during the bush administration.


You've heard of the BUSH administration, correct?

It's been in a steady decline since 2002. partisan bullshit does not trump FACTS.

 

[rightwinger]

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.

ECB: Euro exchange rates USD 24 September 2009

Dollar started depreciating after 9/11




You've heard of 9/11, correct?

Then it drops off a cliff after Dems take over Congress

Um..Ummm.....9/11 wasn't our fault

Um....Ummmm........Dems had 51% of Congress! Our 49% had a strong economy

 

[rayboyusmc]

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

]

And a doped up rightie to write this assine statement that only shows who the real druggie is.

Marxist, your ass. Why not commie, or thesbian or gayboy, or other fucking names your side likes to bandy about when facts are in short supply for your argument.

 

[CrusaderFrank]

Odd that the talk of moving off the Dollar, even by SecTres Geithner, started in earnest under the Reign of the King Obama

 

[Mr.Fitnah]

Nice petty bickering , its the fed policy. can we work together to end the fed?

 

[Political Junky]

http://research.stlouisfed.org/fred2/data/EXUSEU.txt

The euro hit $1.5759 on 4/1/2008 ... that was under Bush. The euro was worth 92 cents when Bush got into the White House.

 

[Toro]

Nice petty bickering , its the fed policy. can we work together to end the fed?

I don't think we should end the Fed, but IMHO the Fed is the primary cause for the decline in the dollar.

It isn't only the Fed, however. The Federal government bares significant responsibility as well.

And that includes Bush. The Bush administration and the Republican Congress presided over one of the worst declines of the dollar, ever. Most of the decline occurred from 2002 through 2006.

Its laughable to say that Obama has "wrecked the dollar" given what occurred under the Bush administration.

Having said that, I own a lot of gold.

 

[REVxERIK]

yeah the numbers against your argument

 

[Ame®icano]

Dollar is worth more than it was under Bush

What is the next myth you are trying to sell?

Are you sure?

Avg price of gold year 2008: $870
Price of gold Sept. 2009: $1000