Thursday, December 29, 2005

"I've fallen, and I can't get up!," says U.S. Dollar.

Brace yourself.

"The long-awaited downside correction in the U.S. dollar is now underway, and appears likely to continue for the near-term due to extreme institutional and retail investor sentiment readings and unmet minimum measuring objectives based on the greenback's breakdown earlier this week," said John Kosar, president of Asbury Research.

Read more about the significant, potentially devastating problems that are now being rought on Americans by the mishandling of the U.S. economy, mounting national debt, unchecked deficit spending, and historic trade deficits.

Now might be a great time to dump your dollars for the Yen, or even Gold and Silver. Unless we as a nation get a handle on this spending spree, expect inflation to begin eating away at the value of your retirement funds.

Since I wrote about the U.S. debt topping the $8 Trillion mark on October 13, it has ballooned an incredible $188 BILLION dollars, and is accellerating, with no end in site. Why does Mr. Bush insist on bankrupting this country while wanting to pass huge tax gains on to rich people who don't want them!? The good and wealthy people at understand, in ways that Mr. Bush doesn't, why it is necessary to set an equitable tax strategy.

Where are our priorities? How can we have the national will to bring freedom to Iraq, but not health insurance to our nations children? With the money that has simply been wasted in Iraq, we could have solved the problem of homelessness in America.

If you are an American will you do me a favor --- will you please vote in the next election? 40% of eligible U.S. voters did not cast a vote in the last election! My hope for America is that this lost 40% is where our national moral integrity is residing, and that they can be seduced away from their television sets long enough to tilt this country dramatically toward a caring society.

Hey, I can dream, can't I?

1 comment:

kaixin said...

this is a great blog. i m going to blog this. keep it going.