Jim F.
Senior Member
This is not news. It's also extremely easy to answer your own question on the internet and doing a little research.
This has nothing to do with right/left politics it's simply the most foolish spending of American money in history. To get you started, it's called over spending and a budget deficit that surpasses anything in history. The govt can't pay for it, so it borrows money. In effect, this turns the US into a debtor nation. Foreign currencies have been "propped up" by the US in the past, but now it's all the other nations that are doing that for us. Without their help the dollar would be almost worthless. The shift to the Euro is being hastened by moronic and brain-dead fiscal policy.
Don't take my word for it; do your own research if you want to understand what's going on and then make your mind up as to whether or not you want these guys managing our money and your children's future.
Jim
This has nothing to do with right/left politics it's simply the most foolish spending of American money in history. To get you started, it's called over spending and a budget deficit that surpasses anything in history. The govt can't pay for it, so it borrows money. In effect, this turns the US into a debtor nation. Foreign currencies have been "propped up" by the US in the past, but now it's all the other nations that are doing that for us. Without their help the dollar would be almost worthless. The shift to the Euro is being hastened by moronic and brain-dead fiscal policy.
Don't take my word for it; do your own research if you want to understand what's going on and then make your mind up as to whether or not you want these guys managing our money and your children's future.
Jim
===================================I don’t think that those who understand what’s going on in the
world currency markets are happy with what the Bush administration
has done to the dollar (unless you bought Euros cheap before Bush
ruined things). It's a disgrace and moronic, but it’s something we
Americans brought on ourselves and will have to endure for another
4 years.
As an American, it’s depressing to think that people voted to keep
these policies in place (the last election) but most people don’t
even realize what they’ve done to themselves. Enjoy the weak dollar
if, and while, you can.
Jim
Jim:
Can you explain to us what the Bush administration has done that
has caused world currency markets to value the Euro higher than the
dollar? Help me understand what's so disgraceful and moronic about
the US buying the world's output.
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Nashua, NH, USA
http://www.pbase.com/baklink
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