Tagged: reserve currency

Recession is here

As I as said in an earlier post, we’re in a recession. And according to some, it will only get worse. The problem is, the government continues to print money, without any backing, continues to borrow money (such as for the stimulus package), and the OPEC countries are migrating away from the dollar, and moving to the euro, to buy/sell oil.

It’s getting so bad, here in NYC, some tourist shops are accepting euros!!

Opposition group claims Iran speeding up nuke plans

Here we go again. An opposition group, like the Iraqi National Congress that provided “shaky” intelligence on Saddam’s WMD program, says Iran is speeding up nuke plans, contradicting the U.S. National Intelligence Estimate report that said Iran halted their program in 2003.

Smells like another war front opening up. I predict it’ll happen before the end of summer, to redirect our attention away from the failing economy. Don’t forget the real reason we’re going to war with Iran.