View Full Version : The death of the US dollar.

04-28-2011, 06:13 PM
Fearing the worst at the immaculation of President Hussein in January, 2009 we invested around 5% of our liquidity into US Silver Eagles at $15.05 per coin.

Today they trade at $51.77.

Silver nearly hit $50.00 an ounce today.

The cause of high fuel prices is quite simply that we are paying for a fixed value of oil with a deflated dollar.

January, 2009 oil was $33 a barrel. Today, $112.

Then it took 2.2 Silver Eagles to buy a barrel of oil. Today it takes 2.1 Silver Eagles to buy the same barrel of oil.

In hard currency, oil has actually went down a little.

The price of goods hasn't went up, the value of the dollar has been crushed under this regime's monetary and economic policies.

Nothing else will get fixed until this gets fixed.

OH DEAR! (http://www.ioga.com/Special/crudeoil_Hist.htm)

OH MY! (http://www.oil-price.net/)

04-28-2011, 09:37 PM
US economic growth was downgraded to 1.8%
Housing dropped another 4%
The cost of gas is up 108+ percent.
Inflation as measured by the 1980's standard would currently be at 10%
Unemployment filings were over 430,000 again.

04-28-2011, 10:32 PM
"I don't give a hoot about a greenback dollar; spend it fast as I can...."

04-29-2011, 12:30 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: wolfdancer</div><div class="ubbcode-body"> "I don't give a hoot about a greenback dollar; spend it fast as I can...." </div></div>
At the row house.

04-29-2011, 03:02 AM
And yet the regime assures the O-cult that there is nothing to be worried over.

04-30-2011, 11:00 PM
Do you have something against row houses?
I grew up in a housing project...it was great. Every three sided (U-shaped) unit had a macadam courtyard, and we played touch football, and softball there (you had to bat left handed)