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New York   >> Announcement >> Politics >> Freedom and the m...

Freedom and the march - and economic collapse   (available in:  Manhattan)

Date: Apr 8, 2005 13:21:38 PM CST
 


hmm.... i just wonder what good these wars to bring democracy to the middle east will do us if the US Dollar collapses. While Greenspan claims that the Dollar is not being dumped - South Korea and China and Indonesia have all claimed they plan to 'diversify'. Iran and Venezuela have also threated economic war with the USA. Should the dollar be dumped in favor or the dollar - LOOKOUT bond market!

Debt is at historical highs. Interest rates at historial lows. The dependence on foreign influx UNPRECENDENTED. The housing bubble precarious - and dependent upon low rates.

How did we get here? Let us look at Bush's policies:

During the period 2001-2005 (to February) the period of the George W. Bush Presidency the following has taken place:

- While non-farm payroll is up roughly 400 thousand jobs, private non-farm payroll employment has fallen 500 thousand jobs. Worse Manufacturing Employment has lost 2.8 million jobs for a net los
 
 
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