January 26, 2005

Economist: China Loses Faith in Dollar

Summary: "The U.S. dollar is no longer -- in our opinion is no longer -- (seen) as a stable currency, and is devaluating all the time, and that's putting troubles all the time"

And this is the result of the US going to a European Banking system which the founding fathers opposed and warned us against.

Think about it this way: without our money being set to a standard, it will ALWAYS lose value. Therefore, if you SAVE your money (like you are supposed to do) you will lose money. This forces people to invest their money (which is risky) just to beat inflation. Enron employees can tell you what can happen when you risk your retirement in investments.

The US needs to get back on a money standard!

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