U.S. paper currency is becoming worthless, Time to buy gold.
Tuesday, July 10, 2007
The U.S. paper dollar is becoming more worthless every minute and here are the links to prove it:
World’s financial community gives two fingers to the U.S.
U.S. Heading For Financial Trouble? (CBS News)
Russia wants payments in rubles, Venezuela and Iran insist on euros.
When China stops taking our IOUs
Our Economy is on an Artificial Life-support System
Consumers are struggling Analysis: Signs of household stress are all around
Rate Rise Pushes Housing, Economy to `Blood Bath'
Dollar under continuing pressure
GALLUP: 7 in 10 Americans Say Economy Is 'Getting Worse'
You are correct. I will change the headline to:
U.S. paper currency is becoming worthless, Time to buy gold.
It is true that we have nothing but paper in our wallets and purses. Try to exchange that dollar for gold from the federal reserve and you will be laughed at and then thrown out on the street.
Thanks,
Derek
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