Why Buy Toilet Paper?
|...When we have American dollars in our wallets?|
Here is an article from October 29 about the record high the Canadian Dollar set against the American Dollar.
The article states:
The loonie was quoted at $1.0501 US in mid-afternoon trading, up more than a full cent from Friday's close.
It later slipped back to close at $1.0496, up 1.03 cents US.
That leaves the Canadian dollar a little more than one cent away from its postwar high of $1.0614 US, set in August 1957.
But look at the exchange rate TODAY. As of this moment, it is up to: 1.07648
This breaks the record postwar high referenced above. Or in other words, this is the most worthless our money has been compared to the Canadian Dollar since before World War II.
Also this week, the Euro is setting record highs against the American dollar. Is it any wonder that Gisele Bundchen rejects US dollars in favor of Euros for her fees?
Oil soared to a record $98.62 per barrel in the last week. Gold is at $841.75/oz -- which is more than double what it was five years ago, more than triple what it was ten years ago, and now exceeds the price of when gold soared back in the inflationary and recessionary late 1970s. Take a look at these charts and see for yourself.
And don't even get me started on the subprime mortgage market and the foreclosure crisis.
And what is President Bush doing about this? He's too busy "keeping us safe" by torturing people. His supporters write things like: "Waterboarding is something of which every American should be proud." I can't make these things up! Check it out HERE.
People who've said that Bush is worse than Nixon haven't gone nearly far enough. Bush has Nixon's honesty, Carter's acumen for the financial markets, and Pol Pot's waterboard.