Concerned about the strenght of the dollar? READ THIS [Archive]

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nsheedy

11-28-2007, 01:17 PM

Here's a link to an excellent newsmax article by Arnaud de Borchgrave: Ponzi Scheme Pushed Dollar Off Its Pedestal (Monday, November 26, 2007).

http://www.newsmax.com/borchgrave/dollar_value/2007/11/26/52215.html

fsk

11-28-2007, 05:05 PM

I stopped reading in the first paragraph:

And greed, the Rh-negative bloodstream of democratic capitalism, is what triggered a global subprime mortgage fiasco, which, in turn, pushed the dollar right off its pedestal.

WRONG! The subprime mortgage fiasco was 100% caused by the Federal Reserve. Anyone who tries to place the blame elsewhere is clueless or a troll.