Re: Even the Thai baht is stronger than Bush's Dollar

On Thu, 24 Apr 2008 07:34:02 -0400, Gary <not@xxxxxxxx> wrote:


Unfortunately Bush's dollar is also OUR dollar. -- gj

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Excerpt ---

http://www.lewrockwell.com/roberts/roberts245.html

"....Then there are the economic costs to the US. Nobel economist
Joseph Stiglitz estimates the full cost of the invasion and attempted
occupation of Iraq to be between $3 trillion and $5 trillion. The
dollar price of oil and gasoline have tripled, and the dollar has lost
value against other currencies, declining dramatically even against
the lowly Thai baht. Before Bush launched his wars of aggression, one
US dollar was worth 45 baht. Today the dollar is only worth 30 baht.

The US cannot afford these costs. Prior to his resignation last month,
US Comptroller General David Walker reported that the accumulated
unfunded liabilities of the US government total $53 trillion dollars.
The US government cannot cover these liabilities. The Bush Regime even
has to borrow the money from foreigners to pay for its wars in Iraq
and Afghanistan. There is no more certain way to bankrupt the country
and dethrone the dollar as world reserve currency....."


Actually it isn't Bush's dollar, it's Congress's dollar. The Congress
is the only branch of the government that can borrow money, spend
money, or approve the spending of money. And, by the way, the
Congress has been in the control of the Democrats since before the
dollar took a dive.

Ron
.

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