Obama Progress: Destroy Dollar

Like the best health care system in the world, bar none, the (formerly almighty) US Dollar is high up on Obama’s list of targets for destruction.

Obama will likely quadruple the federal budget deficit this year.”

9/9:  Obama will  have congress increase the debt ceiling above $12 TRILLION

9/9: Obama will have congress increase the debt ceiling above $12 TRILLION

Nothing if not articulate, Obama has convinced China, Russia, and the United Nations that holding US Dollars will be a grave mistake.

Add the United Nations to a list that includes China and Russia in calling for an alternative to the dollar as the world’s sole reserve currency.

A United Nations panel has recommended a multilateral currency regime instead.

. . .

Nobel laureate economist Joseph Stiglitz argues that the dollar is indeed in trouble.

“Higher deficits spark market concerns over future inflation; concerns of inflation contribute to a weaker dollar; and both come together to undermine the greenback’s role as a reliable store of value around the world,” he wrote in The Atlanta Journal Constitution.

Obama has decided, this will be the end of the line for the US Dollar, a symbol of human greed which comes only from capitalism. Obama’s work on the US Dollar is just about done.

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One Response

  1. In my opinion, Obama has does exactly what Jeremiah Wright, Saul Alinsky, Bill Ayers and the rest of obam’s radical America hating inner circle want him to do; destroy the white middle class by destroying their savings and the economy. He has done everything he can to further this agenda and 85% of the country has now turned against him. But, too late…….If he can take over health care and pass cap and trade, the deed is done. America will become a 3rd rate impoverished country with food riots and millions on the welfare rolls. The federal government, with obama et al in charge, will govern with likely a passage of marital law. It is fair to say that most of the whites who voted for “change” now are suffering a massive attack of buyer’s remorse.

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