The Dollar Continues to Slide
The dollar, once a global standard, has continued to slide. The Canadian dollar is at parity with the U.S. dollar. Take a look at the following comments from a Bloomberg article :
The currency reached as high as 99.99 U.S. cents, and hasn’t equaled $1 since November 1976, when Pierre Trudeau was Canada’s prime minister. Gold rose to a 27-year high today as the U.S. dollar sank to a record low against the euro, spurring demand for alternative investments. Crude oil set a record high yesterday.
Did you notice something? Gold goes up when the dollar goes down. Inflation is kicking in, and the Federal Reserve lowers interest rates. Can you hear the sound of the printing presses churning out all that paper money?
Will everyone still ask, “What can America do for me?”, as we head towards bankruptcy?
Ron Paul has the solution! He found it in the Constitution and in our history. Let’s stop inflation and get back to the gold standard.
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