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Posted by: ProudBlueTexan 1 year, 5 months ago
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ProudBlueTexan1 year, 5 months ago
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ProudBlueTexan1 year, 5 months ago
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"The loss of the dollar's purchasing power and international respect has some experts worrying that the euro might one day replace the dollar as the so-called primary reserve currency. And that could trigger a dollar rout as foreign governments and international investors flee from U.S. Treasury bonds and other dollar-denominated investments.....
Since roughly half of the nation's nearly $10 trillion national debt is held by foreigners, mostly in Treasury bills and bonds, such a withdrawal could have enormous consequences."
Why am I reminded of Katrina?
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buckncindykill1 year, 5 months ago
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Mujahideen Muslim terrorists may be behind the sinking American dollar as part of a campaign to cripple the American economy, the Middle East Media Research Institute (MEMRI) reported. The media watch group, which specializes in tracking Arabic language websites, said that postings on websites the past two years reflect a move toward waging an economic war against the United States. Financial, rather than military, losses that will prompt the U.S. to change its policies in the Middle East and elsewhere.
Mujahideen terrorist groups that operate in Afghanistan, Pakistan and other countries "have come to the conclusion that it is financial, rather than military, losses that will prompt the U.S. to change its policies in the Middle East and elsewhere," according to MEMRI.
Certainly a factor don't you think?
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fishifanb1 year, 5 months ago
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buckncindykill1 year, 5 months ago
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"How can they have a direct effect?"
If they (terrorists) have ties to heads of state (which most do), those countries can lobby our government. It's pretty insidious; but worst of all, those countries hire former members of congress to lobby on their behalf!
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Teech1 year, 5 months ago
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"Mujahideen Muslim terrorists may be behind the sinking American dollar as part of a campaign to cripple the American economy, the Middle East Media Research Institute (MEMRI) reported...."
And this could very well be true. Several countries have actuallly been known to sponsor counterfeiting of our currency to cause economic ills to us.
But Mr. Bush needs no further help in causing further devaluation of the dollar and more economic chaos here and abroad. All he needs to do is give even MORE tax cuts to the elite 1% of America's super rich, spend even more BORROWED from the national debt money attempting to force democracy on a country that doesn't seem to want it, export more jobs, oppose ANY program that benefits middle and lower class American workers as "entitlements" while continuing to spend billions in corporate welfare.
Tell the Mujahadeen thanks, but Dumbya doesn't need their help. Mission Accomplished
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zimm1 year, 5 months ago
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Buying off former (and perhaps even current politicians) is exactly how terrorists influence our government, and can affect the value of the dollar.
And some ex-presidents like Jimmy Carter also come to mind...
Carter accepted a very large donation to the Carter center from the very same Saudi prince from whom Rudy Guliani rejected and returned a $10 million donation. See: http://archives.cnn.com/2001/US/10/11/rec.giuli...
Carter is an example of a former US politician who has been bought and paid for by Arab oil money...
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dunkirk1 year, 5 months ago
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So did they plant Bush and his economic mismanagement too? Weren't these the guys just this morning you righties were claiming were all but defeated (again) and now they have the economic power to cripple the dollar???? Hmmmmmm ya think it just might be the spend and spend and spend and spend and spend and borrow policy of the Repubs??
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