Demise of the Dollar

"The Independent (UK) is reporting that Arab states are in talks to work towards the end of using US currency for oil trading. Especially troubling when this movement is coupled with the Obama global apology tour and the UN's call for a new global reserve currency. The rest of the globe is making a power play, and they are trying to knock us down a peg or two...or ten."

and the Tax Cheat in charge Timothy Geither said he would be in favor of that...

This administration is doing everything it can to "Overwhelm" the system.. That is the only way Obama can fundamentally change America. They need a Financial Crisis and a Foreign Policy crisis to get the changes they want at least according to the Apollo Group.

The crash of the dollar.. Yep Financial crisis..

Iran.. the potential attack on its Nuke facilities by Israel, and the failure in Afghanistan.. Yep Foreign Policy Crisis..

All key ingredients to get the "CHANGE" Obama really meant.

And gold goes higher...hmmmm

Submitted by bowser on Tue, 10/06/2009 - 9:37pm.

Smells like a pump & dump planted with this UK reporter, who is a bit of a loose cannon from what I read. Story has a lot of holes.

I wouldn't touch gold with a 10 foot pole right now....but hey if you feel lucky operators are standing by!

login to post comments

If you don't see

Submitted by S. Lindsey on Wed, 10/07/2009 - 7:33am.

the fall of the dollar coming and rampant inflation then go ahead add some dollars to that 401k.. I am sure they are safe.

The Arabic Nations and China will just keep buying our debt as we trash our dollar of course they will. Lets just print more then we can all have some.

"A Government big enough to give you everything you want, is strong enough to take everything you have." Thomas Jefferson

login to post comments

Yep, Pretty soon...

Submitted by ionizd on Wed, 10/07/2009 - 8:24am.

we will be able to save on toilet paper, we'll just use dollars to wipe our tushies! The libs presiding over this train wreck have evidently forgotten (or never learned) that printing money to cover irresponsible government spending de-values the currency.

("We don't need to vote the Democrats out of office and replace them with Republicans, and we don't need to vote the Republicans out of office and replace them with Democrats. We need to vote them all out and replace them with better people.

login to post comments