Daily Archives: October 25, 2009

LONG BEFORE RACES APPEARED,THE BLACK NATION WAS(ENTRY #1)

AMERICAN ECONOMIC HOCUS POCUS UNTIL THE LAST HOORAH

Even the Fed Doesn’t Want to Hold U.S. Dollars

 

Seeking Alpha
Friday, October 23, 2009

This is the scariest image in finance:

Even the Fed Doesnt Want to Hold U.S. Dollars saupload scary

The above chart shows the dollar’s performance since the Fed announced its Quantitative Easing program in March. This chart tells us two things:

  1. Americans just got 15% poorer on the world stage thanks to Ben Bernanke
  2. A currency crisis is in the works (and perhaps already starting) Continue reading