Turning on the printing presses
Punter and his ilk-
I seem to remember that back on January 20, 2001 (the day Bush took office) that 1 US Dollar was worth more than 1 Euro. I also remember that there was a massive projected federal budget SURPLUS. In addition, oil was less than $30 USD per barrel and gas floated around $1 USD per gallon. So just WHAT the fuck happened?
Well, for starters a complete idiot who happened to be born to an aristocratic family with deep military / industrial / oil complex connections ascended to the presidency after stealing an election in which he was not elected by the majority of US citizens. This complete idiot pissed away the massive federal budget surplus by giving massive tax cuts to rich guys who did not need it and by starting a quagmire-by-design war to enrich those military / industrial / oil complex connections previously mentioned. This quagmire-by-design war served to double the national debt in only 5 years time, and helped to drive the price of oil up fourfold. How are these war materials payed for? BY TURNING ON THE PRINTING PRESSES, AND THUS DEVALUING THE CURRENCY. The very act of turning on the printing presses and thus devaluing the currency causes the price of oil to rise, as oil is denominated in USD. Take a guess who has benefited from this?
Those of you who think that the Republicans are the party of "fiscal responsibility" should open your fucking eyes and see what a Republican President who had Republican majorities the first six years has done to a country that was in a dominant financial position the day he entered office. You people live in dreamland if you think the US can continue along its current path of deficit spending without raising taxes on those with the ability to pay. The current administration should be put on trial for crimes against the American people and for conspiracy to destroy the economy of a nation.
Suerte,
Rock Harders