Further economic/financial warnings

In the past, talk of U.S. default was limited to the fringes of political and economic analysis. Now, although the introduction of the subject is prefaced with the “assurance” that this is nothing that our politicians want, the possibility nevertheless has become increasingly “mainstream” as a point of speculation — as this Yahoo article, “U.S. default could be disastrous choice for economy,” demonstrates. It is an article all Americans should read.


Here is another article about the Fed, inflation, and QE2 that is also important reading.


Also, take note of this very significant international monetary development: “China Proposes to Cut Two-Thirds of USD Holdings.”  


Newsmax and Moneynews Financial Publisher Aaron DeHoog presents some eye-opening information regarding Fed Chairman Ben Bernanke’s monetary policy here. I include this link not as an endorsement for the sales pitch at the end, but as a means of learning more about our current situation. The book Mr. DeHoog writes of, Milton Friedman’s Money Mischief, may be obtained through Amazon at a low price. Or, borrow it at your library. Mainly, the initial comments and graphs on this link should be useful to readers. 


And here is a tell-tale graph on the decline of American purchasing power:


All is not well with our dollar, yet our own representative to the House, Lynn Woolsey, doesn’t utter a peep about these grave concerns.


About district6voter

A concerned Northern California citizen who believes Representative Lynn Woolsey ought to be replaced in November, 2010.
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