Obama & Dems Proudest Accomplishment: Killing the Dollar

[CrusaderFrank]

You can't blame the dollars downfall on Obama, at least not solely. It's the direct fault of the Federal Reserve with their inflationary policies. The Presidents, since Woodrow Wilson, and Congress are complicit because they allowed the Fed to do this, but you can't simply blame it on Obama and the Democratic Party.

The Fed has fucked us over and it's time for them to disclose their operations or get burned to the ground.

But it's no coincidence that the accelerated talk of the dollar decline and loss of our AAA Credit Rating has happened under Obama and the Pelosi Congress

 

[Kevin_Kennedy]

You can't blame the dollars downfall on Obama, at least not solely. It's the direct fault of the Federal Reserve with their inflationary policies. The Presidents, since Woodrow Wilson, and Congress are complicit because they allowed the Fed to do this, but you can't simply blame it on Obama and the Democratic Party.

The Fed has fucked us over and it's time for them to disclose their operations or get burned to the ground.

But it's no coincidence that the accelerated talk of the dollar decline and loss of our AAA Credit Rating has happened under Obama and the Pelosi Congress

Actually it is. The world has lost faith in the dollar because of all the value lost through the Fed's inflation along with the worldwide recession we're going through. Obama's policies haven't helped the situation at all, but he's not responsible.

 

[Mr.Fitnah]

The people will not accept marxism until capitalism has been discredited.

 

[rdean]

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

Democrats actually have two accomplishments. First, they saved the US from more wars that crazy and manic Republicans wanted to start. Included with that is the rebuilding of our military after the Republicans pretty much destroyed it.

Second, they saved the world from a major depression brought on by Republicans attempting to greedily squeeze every last dollar from the Middle Class.

Two major accomplishments Democrats are most proud of.

 

[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

Democrats actually have two accomplishments. First, they saved the US from more wars that crazy and manic Republicans wanted to start. Included with that is the rebuilding of our military after the Republicans pretty much destroyed it.

Second, they saved the world from a major depression brought on by Republicans attempting to greedily squeeze every last dollar from the Middle Class.

Two major accomplishments Democrats are most proud of.

It's a sure sign of how badly educated we are when we consider the "Great Depression" a Democrat Success story

 

[Care4all]

Bush helped as well..

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

Honest to goodness, that is such a crock of POOP frank....

We added 6 trillion to the national debt under bush, the dollar fell so much that our oil and gas prices held us hostage...

even this years trillion dollar deficit IS ATTRIBUTED TO BUSH since the year began Oct 1 2008 that ends this september 30th 2009.....

It is President Bush's reign and budget that has CAUSED this....

Now granted, the future Obama policies have not helped the situation either, but by NO MEANS, what so ever, is this dollar crisis that we are in right NOW or will be shortly... is because of the Obama administration....they are just a smidgen of it...

THIS HAS TAKEN YEARS to happen.

Care

 

[Navy1960]

While I have no doubt that the Dollar as the worlds standard method of currency best day's are behind it. It would seem to me that regardless of the D or the R behind the name we can all agree that as of the last 3 years there is a large share of equal blame to go around. If we spent as much energy on actually trying to address these issues rather than trying to fix blame then perhaps it might improve. The other day I happened to be watching CSPAN and the depate on the floor was over some spending matter. What I found really striking was the democrat member was justifying spending more because the republican member spent almost as much and they both were trying to justify their unwise spending by blaming one another. Is is any wonder why the world moving on to another currency standard?