Tuesday, June 2, 2009

The Dollar

President Truman was once known for using the phrase, "The buck stops here." He meant it in a positive light; no more passing the buck, no more shifting of responsibility, etc.

The way the Obama Administration is headed, it looks like he will be able to use the phrase in a literal sense:

Inflation just from the years 2000 to 2008 was between 22% and 45% depending on how it's calculated. (link) And that was before...

Chairman Bernanke said the Fed is funding bailouts using a process “more akin to printing money than it is borrowing.” (link) Which is leading to...

Russia to push for new "World Currency" (link )

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