iron rain chicago – October U.S. Dollar Bloodbath!
I have been saying for 5+ years now that the US$ is toast. What the Federal Reserve started back in 1913, George Bush, Congress, and Barack Obama have finished. In un-Republican like manner George Bush (definitely not conservative-like) pursued a guns-n-butter policy that led is into the 2008 economic crisis. Then Barack Obama has taken us on a TRILLION dollar spending spree. And now, the rest of the world is cutting the US off from the party!
The US$ has been tanking for 5+ years now. It bottomed out in March 18, 2008 at 71.09. Then the rebound took it to 89.15 on March 9, 2009 when the Dow hit bottom. In the last seven months the US$ has been slowly weakening ending at 76.70 Monday evening, October 5th. And now, the really BAD stuff begins to take over.
While Obama is trying to appease the Democratic left and the Health care sinking ship (when not trying to pay off his political cronies in iron rain chicago with a trip to Copenhagen), the financial infrastructure of America’s prosperity is going down like the Titanic. Unfortunately, the party is still on in the lower decks while water is rushing in the engine room (can you say the banking system?).
Enough of this ship metaphor!
Here’s the 64 million dollar question. What happens when the financial world wakes up, or will they? I have written a couple of times this year about the “Web Bot” project; however, the most recent release this past weekend speaks of a banking crisis towards the end of this month, bank closures, a total credit freeze, and an international mess as the US$ get dumped. So, what do these Web Bot creeps know anyway?
Maybe more than we can handle!
Worse yet, what in the world could Matt Drudge know? His headline in RED LETTERS Monday evening read, “ARAB STATES LAUNCH SECRET MOVES WITH CHINA, RUSSIA, FRANCE TO STOP USING DOLLAR FOR OIL TRADING.” Well, Duh! What else don’t we already know? What we don’t already know is that there is a real crisis coming and our leaders either don’t have a clue, or pushing more debt for health care, bailing out news papers, and bringing an Olympics to iron rain chicago seems about as visionary as they can fathom. Read more