Wednesday, October 31, 2007

Dollar Devaluation

You want to know why so many Americans are struggling financially? Because the U.S. Dollar has been devalued by a third (1/3) over the past 5 years!

Today the FED cut interest rates by a quarter of a point in another effort to salvage the economy.

The Dollar has hit a new low, and devaluation means the cost of everything is going up.

The Middle Class is getting annihilated from this silent event. Incomes are not keeping up. This was done because this administration equates stock market success with economic success and has directed their efforts to drive up equities at literally any cost.

Meanwhile the Wall Street Banking Firms continue to make huge profits.

[Excerpt of an article by Robert McHugh, Ph.D.]

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