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Well, Bush's war, record deficit spending and outrageous deficit trade policies

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-22-07 11:42 AM
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Well, Bush's war, record deficit spending and outrageous deficit trade policies
...has brought the U.S dollar to the lowest level against the British Pound in as far back as I can remember:

1 U.S. dollar = .501 British Pound Sterling

This may be fine for financial and real estate speculation, but for the average American wage earner this spells tough times coming maybe even economic collapse.

I believe the dollar is dropping against all major industrial currencies and trading partners which means buying imported items just keeps getting more and more expensive. The problem with that is that nearly everything the U.S. buys is imported. The free trade poison pill is now killing the host. Real inflation which has been hidden by not reporting M3 for many months is undoubtedly much higher than the official numbers Bush will talk about tomorrow night. I know this to be a fact because my fixed income buys less of every essential item compared to a year ago.

The longer Bush/Cheney are allowed to remain in power the worse everything will get.
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