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An article from RedState offers proof that President Obama and his administration is determined to help undermine the U.S. dollar and make it worthless. It is hard to keep up with all of the many and varied attacks on our nation, both from our enemies outside our borders, and from within our own government. The time to take action is now, or else we won’t have a choice in the very near future.
Posted by Dan Perrin
Monday, October 5th at 10:30PM EDT
When Putin announced that Russia would no longer sell its oil and natural gas in dollars, there were the normal — its OK type statements from the financial world, and it was viewed by the Western financial cognoscenti as an anomaly.
However, since the Federal Reserve is printing an estimated $600 billion a year to give to bankers and brokers, who then buy U.S. Treasury bills to finance for our over-spending Federal Government with printed dollars — the value of the dollar drops due to the massive over supply.
Then, those countries holding the U.S. dollar as reserve currency start to speak up. They plead with the President and Congress to start balancing the budget and lowering the deficit.
Instead, President Obama and Congress has not decreased the deficit, it has grown four times it was under Bush, to record numbers — $9 Trillion — under President Obama and the Democratic Congress.
And President Obama, by pushing his trillion dollar health care plan is rubbing the world’s face in their concerns about U.S. spending. He simply does not care that the dollar is dropping and that the value of these country’s dollar holdings is also dropping. (read more: http://www.redstate.com/dan_perrin/2009/10/05/the-world-moves-against-the-dollar/)
