Tag Archives: billionaires

NYT Lies About Why US Dollar Is ‘Strong’

Here is a classic example of hiring someone who knows hardly anything to bloviate about something that is fairly easy to understand.  Namely, our trade partners all do the same exact thing: they hold US dollars in their central banks to make the dollar stronger against their own currency in order to run perpetual trade surpluses with the US which is deeper and deeper in the red each generation:  The Strong Dollar Is Always Good, Except When It Isn’t – NYTimes.com

 

The European Central Bank significantly loosened its monetary policy on Thursday, in the process driving down the euro and bolstering the dollar. Measured against a basket of currencies, the dollar’s value has soared 19 percent since May, and the momentum seems to be building.

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Filed under .money matters, Free Trade

Rich Billionaires Want No Obamacare And Offer No Alternatives While GOP Pushes For Bankruptcy

Due to Congress being filled with buffoons and baboons, we get crummy legislation that doesn’t work due to pleasing a zillion rich lobbyists who view the US as a looting operation.  So we got Obamacare which is a GOP program first pioneered by Romney who ran against Obamacare just like the entire GOP.  Romney and his ilk view Americans who are not rich as ‘takers’ so they are not at all interested in passing any budget except one that cuts out all programs for everyone who isn’t rich. Continue reading

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Filed under .diplomacy, .money matters, Politics