Dollar Collapsing – Fed has Given Up.

by Mr. Charrington on June 18, 2008

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{ 1 comment… read it below or add one }

Chartsky 06.18.08 at 5:48 pm

This guy is speaking truth to power.

Wonder why Crude Oil is over $135 per barrel (as of 6/18/2008) — which is up 100%, price doubled, over the last 12-months — with absolutely no shortage of supplies? Because the FED has been creating more and more and more U.S. Dollars out of thin air for the last year+ and the U.S. Dollar is worth about 1/2 as much as before! Crude Oil is bought and sold (for now) based on U.S. Dollars.

All commodities are going through the roof. Want a preview of coming nightmares? Look at Zimbabwe . . $1,000,000 Zimbabwe dollars for a loaf of bread?!

This train called the American Economy is being run off the tracks . . . but the fat-cat, elite politicians will have their pay and benefits and private insurance while the rest of us “commoners” suffer through another Depression.

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