Archive for October 12th, 2009

Bush’s Folly, Obama’s Coup de Grâce, Osama’s Victory

The value of the US dollar, along with the value of other currencies, has been declining for over 75 years, since Franklin Delano Roosevelt suspended conversion of US Treasury Bills into gold. The US trade deficit has been building steadily since 1971, when President Nixon cut the final ties to gold. However, the decline of the US […]

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