Is the dollar's status as the world's reserve currency in jeopardy? How are U.S. officials responding? And should the average American be worried? Full Story »
Posted by Michael Bugeja
Matthew Jaffe of ABC News continues to follow up on the disastrous fiscal policies of Bush (continued by Obama) in destroying the worth of the dollar by printing more money and spending trillions to shore up Wall Street rather than Main Street. The ramifications of policies by Paulson and Bernanke will be experienced far more than they are now, especially if China requires us to back up the greenback.
States should not “take for granted” the dollar’s status because it will be challenged in the future by a growing number of other options.
Check my past stories on NewsTrust about the destruction of the dollar when Paulson and Bernanke bailed out Wall Street by giving banks money with no interest, essentially destroying the required relationship between savings and loans.