How long will it take the dollar to fail?

Ahlgren Multiverse
by Paco Ahlgren

03/07/09

Every presidential administration in the 20th century conspired — wittingly or not — to destroy our currency. It has been like a subtle cancer — not readily apparent on the outside, but slowly eating away at the body from within. Now, at the zenith of this crisis, just when the government should be tightening credit, strengthening the currency, encouraging saving, cutting taxes, and reducing spending, the Obama Administration is doing just the opposite: it is taxing precious capital, along with the most productive and innovative members of our economy — thereby redistributing wealth to the least productive and innovative members of our economy. It is increasing spending to the tune of $8.5 trillion over the next two years, while encouraging unprecedented printing and easy credit. Our government is relying on the continued generosity of our lenders, namely China and Japan...

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Informant: Thomas L. Knapp



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