Thursday, March 19, 2009
Ditching the dollar.
Countries are whispering about ditching the dollar due to it's constantly weakening state. It's purchasing power is constantly waning, and things have been horribly exacerbated due to all the spending bills being recently passed. The Federal Reserve keeps pumping out more cash that further inflates the dollar and if a group of countries abandon the dollar, the dollar will probably crash. Here is the article with more information.
http://www.reuters.com/article/newsOne/idUSTRE52H2CY20090318?pageNumber=1&virtualBrandChannel=10452
Here is another article I found today about the Federal Reserve pumping another trillion into the economy.
http://www.iht.com/articles/2009/03/18/business/fed.php?page=1
http://www.reuters.com/article/newsOne/idUSTRE52H2CY20090318?pageNumber=1&virtualBrandChannel=10452
Here is another article I found today about the Federal Reserve pumping another trillion into the economy.
http://www.iht.com/articles/2009/03/18/business/fed.php?page=1
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If our currency keeps going at this rate, we'll end up just like Zimbabwe. We need to stop, regroup and come up with a better plan if the administration wants to save the economy.
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