Showing posts with label Devalued Currency. Show all posts
Showing posts with label Devalued Currency. Show all posts

Thursday, March 26, 2009

Conservative Brother Asks Will The United States Follow in The Footsteps of Zimbabwe

Conservative Brother who blogs at Wake Up Black America posts the video below and writes:



"In the "error" of "Hope and Change, it looks like we are well on our way. It breaks my heart to watch this, but this is something people really need to learn from. Obama's reckless spending is already causing inflationary pressure at the wholesale level. People that have money invested for retirement better take note. You can't protect the valuation of your money from inflation. Inflation is almost like pouring acid on your money and watching it dissolve right in front of your eyes. Japan is called an industrialized power, yet look at the valuation of the Yen. Imagine a day when the dollar will be worth a quarter. Notice that oil prices are going back up, yet the demand has stayed low due to the worldwide recession. Oil prices act inversely to the fluctuation in the dollar. This is the bottom line as best as I can put it. The recovery of the economy is the least of the problems Americans have to worry about." (Source)