Showing posts with label The Economy. Show all posts
Showing posts with label The Economy. Show all posts

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 )