Wednesday, March 18, 2009

U.N. panel says world should ditch dollar

What audacity!!

After our Fed ran up a tab of nearly three-quarters of a trillion dollars supporting foreign central banks and institutions, this is the crap that comes out of the U.N.

If Bernanke and the rest of our leaders had any clue they would stop supporting foreign monetary systems with dollar loans, then tell the U.N. and its supporters of a global currency idea to go ahead and try to do it.

It is amazing that this is allowed to go on and that America has to take this kind of abuse and criticism. All because not one of our policymakers understands the monetary system. They get their education from CNBC and out-of-paradigm academics.

Remember...bad thinking is like an infectious disease. If not eradicted it will kill the body.

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