Dave from Denver…
This is beyond criminal. Obama and his merry band of tax-dodgers and crooks are going to bring down our Government. I don't know if you saw this, but there were "Boston" tea parties in 40 cities across the country this weekend. There was one in St. Louis. There was one person holding up a likeness of Pelosi dressed as witch, hanging by the neck from a rope attached to broom handle.
European Govts are meeting this weekend to discuss how to handle the financial collapse rolling across the Europe. Inevitably and eventually the finger will be pointed at our system and all the fraudulently S&P/Moodys paper that we stuffed the global banking system with. This meeting this weekend is a first step toward Europe organinizing some kind of currency stabilized with some kind of backing and a rejection of the US dollar as a trade settlement currency. Ron Paul has been alluding to several other countries already organizing such a currency. I think he would know if this is going on.
China's head honcho said that China is prepared to take more aggressive action to address the global financial catastrophe and their exposure to it.
http://biz.yahoo.com/ap/090301/as_ch...
That comment combined with previous official comments that hinted China may reduce its US Treasury exposure leads me to believe that they will eventually "dislocate" their economy from the U.S. dollar.
Meanwhile, Obama/Geithner/Bernanke continue to print money, deny reality and further encourage the kind of deception and corruption that got us into this mess. Based on this weekend's protests of Government policies, I expect to see an increase in social unrest and anti-Government demonstrations in this country...