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Wednesday, May 21, 2008

Collapse Of Dollar: We Meant To Do That?

This article in HuffPo by Danny Schechter says that BushCo wanted the dollar to devalue.

Whitney saw then what our media has still yet to report or understand.

"The financial crisis that we now face was created by design. It is intended to destroy the labor movement, crush the middle class, quash Medicare, Medicaid and Social Security, reduce our foreign debt by 50 or 60%, force a restructuring of America's debt, privatize all public assets and resources, and create a new regime of austerity measures which will divert more wealth to the banking and corporate establishment."

Interesting thought, as I lose $500 every time I buy 1000 Euros.

But, I'm not bitter.

2 comments:

BillyWarhol said...

LOLLLLLLL

I don't feel sorry fer ya 1 darn bit!! Our Canadian Peso used to get burnt 50 Centavos on yer Yankee Greenback!

I could barely afford to shop at TJ Maxx!!

;PPP

If there's 1 thing I love about America it's the Awesome Shopping Deals U Folks have down there!!

+ U also got us on the program of Big Bags o Chips + Huge Bottles of Pop!!

+ for that America all Canadians are truly Grateful!!

;)) Peace*

p.s. Wouldn't it be Wiser to Spend some o those Wasted Bush Iraq War $Billions in yer own Backyard??

cmon America!!! IMPEACH THAT S.O.B. BUSH!!!!!

Hungry Mother said...

I knew that the weak dollar was by design to help our exporters. It has kept me from traveling to Europe except by cruise ship, paid for in dollars. It sucks to be a peasant in a land catering to the super-rich. Maybe we need a French style revolution?