OBAMA FAIL: The Dollar Crashes
My apologies for my lack of coverage on Barack Obama’s train wreck of a presidency. But have you heard the news that our 401K’s are worth almost nil now? For the first time EVER, the mighty dollar has been upstaged by the yen and the euro as the currency favored by world banks moving us closer to Socialism.
Even as the dollar loses value to worlkd currency, Obama’s well-oiled printing presses continues printing cash in DC. I bet Obama is very excited to hear this news since he thinks America is too arrogant and we need to spread the wealth.
No wonder the lines at the banks are getting longer as nervous customers withdraw their life savings before disaster strikes.
Over the last three months, banks put 63 percent of their new cash into euros and yen — not the greenbacks — a nearly complete reversal of the dollar’s onetime dominance for reserves, according to Barclays Capital. The dollar’s share of new cash in the central banks was down to 37 percent — compared with two-thirds a decade ago.
Currently, dollars account for about 62 percent of the currency reserve at central banks — the lowest on record, said the International Monetary Fund. Read more…
This entry was posted on Wednesday, October 14th, 2009 at 12:38 pm and filed under Barack Obama, Business, Money & Finances, OBAMA FAIL, Politics . You can follow any responses to this entry through the RSS 2.0 feed or Trackback from your own site. This site is Gravatar enabled. Sign up to upload your own avatar.
9 Responses to “OBAMA FAIL: The Dollar Crashes”
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@Sandra, Pres. Obama has a Harvard Law Degree.
maybe he and Sandra’s lawyer were classmates..no?
Moving on
Sandra why don’t you post on obamas address to the gays and him pushing to end don’t ask don’t tell, and the defense of marriage act as well as passing that hate crimes bill ?
This is scary
The dollar been crashing and the Dow is doing well 2day
Daisy Says:
The dollar been crashing and the Dow is doing well 2day
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And gas prices have been great for some time now. As for those with a 401K, that is another story.
the Amero is comin… prepare…
HELLO, HELLO. OBAMA INHERITED MOST OF THIS SH!T!!!!
Second thought, I wonder if Sandra prays for Obama to die of brain cancer, like so many of the “hate Obama” white Christians are doing. My husband always says that some of the brightest fires in hell will be those of the “so-called Christians.” I’m just saying, just saying, just saying!!!!!