U.S. Dollar Euthanasia while Finns Legislate Days-Off for Shagging

[marmar]

from HuffPost:




Max Keiser
U.S. Dollar Euthanasia while Finns Legislate Days-Off for Shagging
Posted April 18, 2008 | 08:11 AM (EST)


James Turk at goldmoney.com points out that throughout history people living in a country whose currency is dying are the last in the world to know. I suppose it's like the husband who is the last to know his wife is cheating on him. What's obvious to everyone else is impossible to imagine for the cuckold.

It is impossible for Americans to see that their currency, the U.S. dollar, is going the way of the Continental. Remember the Continental?

Wiki entry for Continental:

"The Continental currency was a paper currency issued by several American Colonies, as well as by the Continental Congress, after the Revolutionary War began in 1775. The currency was denominated in both pounds, shillings and pence, and dollars. With no solid backing and being easily counterfeited, the continentals quickly lost their value, giving voice to the phrase "not worth a continental". The painful experience of the runaway inflation and collapse of the Continental dollar prompted the delegates to the Constitutional Convention to include the gold and silver clause into the United States Constitution so that the states could not issue bills of credit, or anything that is not gold or silver."

The story of the dollar today is the sequel to the Continental and the rest of world is performing financial euthanasia by gently putting the greenback to sleep - by gradually switching their reserve currencies out of dollars and into European and Asian currencies and gold.

The dollar's death can be compared to a retelling of Tolstoy's, "The Death of Ivan Illiach." The world speaks openly about the benefits it will accrue now that the dollar is going the way of all flesh. They buy Swiss Francs, Singapore dollars and stocks and bonds priced in various non-dollar currencies and they're not shy about broadcasting the truth about the dollar's death right to the dollar's face. The American people, like Ivan lying in their coffin, finally 'get it' but it's too late; they're dead. America goes off line, not with a bang, but a whimper and the rest of the world says, 'good riddance.'

Alan Greenspan, the Ayn Rand loving currency assassin, once bragged during the go-go 1980's that the American economy, as measured by the weight of cargo going out of the country was becoming 'lighter.' Who needs manufacturing, right? This weightlessness he reasoned was proof of the 'New Economy.' There was growth without inflation because of a new economic paradigm shifting America to a new permanent state of electronic Goldilocks. Looking back, we see that the blinkered ex-Chairman never factored into his delusion - the missing inflation numbers; the ghost in the machine was a shift of high priced work hours from America to China. ......(more)

The complete piece is at: http://www.huffingtonpost.com/max-keiser/us-dollar-euthanasia-whil_b_97371.html

[SpiralHawk]

1. Republiconomics - thanks a pantload, you so-called 'conservatives'

For the sake of your narrow-minded greed, you have flushed America's currency and honor down the crapper.

[marmar]

2. Oh so true....

n/t