I am retired and take educated guesses on all things financial.

September 08, 2009

September 8, 2009: US Dollar Under Assault

Briefly. Today, the UN has recommended an unprecedented move away from the dollar as the world's reserve currency. A new Bretton-Woods is upon us. Switzerland has surpassed the US in competitiveness with other nations such as Singapore closing fast.

Our world foes are acting like sharks smelling blood in the water to dismantle our dominant economy while our politicians in power spend more, tax more and play class warfare politics. The public schools spawn more ill-prepared citizens in every respect except, perhaps, possessing the knowledge to grope for "free" entitlements.

Evidently, the majority of Americans are oblivious to the national and international train wreck just around the bend. Where are our brains??

Links to this post:

Create a Link

<< Home