"the dollar is getting murdered"
It sure is disappointing to see guys like Ron Paul and the "fringe" economists proved right -- especially when their words go unheeded.
"Inflation fears push gold over $1,000 an ounce; Commodities are on the rise as dollar loses value" by Bloomberg News | September 9, 2009
Well, OF COURSE things will COST MORE if your MONEY is worth less!!
NEW YORK - Gold rose to the highest price since March 2008, topping $1,000 an ounce, while silver climbed to a 13-month high as a weaker dollar and concern that inflation might accelerate boosted the appeal of precious metals....
Of course, the genius Fed directing all this says not to worry. Great track record so far, huh?
The US Dollar Index fell... to an 11-month low. Raw materials typically rise when the greenback falls.
You know, that is VERY INTERESTING because I WAS TOLD the EXACT OPPOSITE this week: Slow Saturday Special: Dollar Quietly Deflates
Related: Slow Saturday Special: The Dropping Dollar
There is only one explanation, readers: DELIBERATE LYING by the MSM!
How can anyone ever believe them again? I never will. Not until they start telling the truth and stop it with the agenda-pushing divisions, war-promoting lies, and insulting "news" articles. And the chances of that happening..... (blog author watching AmeriKan newspapers like the Globe spiral down the drain).
“The market thinks inflation is coming,’’ Leonard Kaplan, the president of Prospector Asset Management in Evanston, Ill., said by telephone. He has been trading gold more than 30 years and believes it will not stay above $1,000 for long. “With interest rates so low, money is chasing money and the dollar is getting murdered.’’
America, you have no idea the economic pain coming (hard for me to imagine, too).
That's why your government and its controller in the Middle East are going to start a WORLD WAR!
Governments have cut interest rates and boosted spending to fight the worst recession since World War II, spurring investors to buy bullion as a hedge against the prospect of accelerating inflation and currency debasement....
Related: The Death of the Dollar
Dollar Going Down
China Comes A-Callin'
Yeah, word is they are moving away and that's not good for you, 'murkn.
Btw, WHOM are you going to BORROW the MONEY FROM to FUND THE UPCOMING WARS?
Or is the FED just going to MAKE the PROBLEM WORSE and CRANK UP the OLD PRINTING PRESS, 'eh?
Almost as if it were a PLANNED THING (as Americans then scream for the Amero, right?).
