"Mujahedeen Muslim terrorists may be behind the sinking American dollar as part of a campaign to cripple the American economy, the Middle East Media Research Institute (MEMRI) reported.The media watch group....."
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the article, of course, only states the fact that the main terrorist organizations are "trying" to sink the dollar by encouraging unloading of the dollar. the likelyhood of that happening is close to nill, but it does show how they are trying to overthrow U.S. power in ways other than outright terrorist.
Frankly, I'm convinced that the Fed. is happey to have a low dollar since it allows for the payment of the national debt with fewer U.S. recouses. This happened once before that I remember right after Jimmy Carter dearly sunk the economy with astronomical internation debts and with a 22% ongoing interest rate.
What we have now doesn't even begin to compare to that period. Hopefully oil will plateau for a while.
I'm glad that you're sharing Tod.
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