Quote:
Originally Posted by J. Abizeid  All I’m saying is: The economic fundamentals for both the US and the rest of the world including Europe have not changed since the euro reached $1.60 other than the US government committing to bail out more of its fraudulent financial institutions requiring more dollars to be printed without gold coverage.
The US recharges its batteries with petrodollars when oil goes up. Europe recharges theirs when oil goes down. They alternate turns.
The irony about this administration is that it preaches small government and less tax; apparently, small government applies only to universal healthcare to its citizens not to bailing out its corporations which will eventually translate into more taxes and a weaker dollar.
Some still believe in Santa,
How about if we wait and see, |
The key word in your post is "fraudulent". You used it when refering to the now ailing financial institutions which you are right are a fraud. But, manipulation of financial markets is the biggest fraud but it happens all the time and always did (although on a lesser scale), c'est la vie! Manipulators benefit the most when they do things when you least expect it. They devalued the dollar in 2002 when all economic fundamentals were sound and now they are revaluing the dollar when economic fundamentals are flawed. Often, if you try to put yourself in the shoes of the manipulators, Santa shows up and swells your pocket.