Sunday, December 30, 2007

Dollar Extends Annual Loss Versus Euro, Yen on Fed Rate Cuts


When the Euro was first issued, it was considered a joke. The countries involved couldn't decide on a Consitution and the value of the money wasn't even a one to one ratio. The Euro was below the value of the USA Dollar. Now, after years of systematic abuse of the USA treasury, with exorbitant budgets and annually raised debt ceilings, the USA dollar isn't just a bargain, it's a national shame. The USA doesn't have assets that matter anymore, only a populous of consumers that are impoverished enough for military recruitment.