Showing posts with label BAD NEWS. Show all posts
Showing posts with label BAD NEWS. Show all posts

Sunday, June 21, 2009

Death of the Dollar or Life Support a Bit Longer?


Sorry I have been so lazy lately. I really hate the summertime here in Arizona-I wish I could hibernate from May through September! I found this article and thought it was interesting, as the topic it talks about could have severe ramifications for not only people in the United States but around the world. I know if I was a foreign nation holding a bunch of bucks I would be feeling really uneasy right now. I think it is great that those Chinese folk laughed in our Treasury Secretary's face when he said he believed in a strong dollar-cool stuff Chinese folk-I might even try that Feng Shui crap out and see if it makes my life any better! I do think that for a while-who knows how long-it will be hard to find a replacement for the dollar as the world's reserve currency. I look at the news sometimes and all I can think is god we are so fucked! Like the article states with a degree of humor-or humour to my overseas friends:)-the dollar has been presumed dead more times than the lead singer of The Pogues so handle this information with care. But no one-as Timothy Geithner learned-can say with a straight (or gay-haha-sorry lame humor again) face that the dollar doesn't have its problems. The buck has lost more than a quarter of its value when weighed against a basket of foreign currencies just since 2002. Love you all and hope have had -or a finishing up having a great weekend! Article Here
Another article about Japan abolishing cash to fight deflation-I think throwing cash into "the garbage bin of history" (god I hate to quote the bozo who said that-haha!) has long been a goal of the People That Really Run The World or the PTRRTW as I call them:) all the better to track the movements and desires of The People That Don't Run The World or TPTDRTW as I call them-article Here It is coming quickly-the future-unlike me-I take awhile-sorry more lame humor-what the hell is wrong with me today? All the best!