Just because I feel like quoting Ken Layne again, here's a quick wrap up of what Bush & Co are doing for us:
...the U.S. currency is collapsing around the world, now at its lowest rate ever against the communist-homosexual "Euro." (Or, "Franc.") This may be a cute way to teach America's special people of Christ that there actually is a world out there. European traders are dumping U.S. stocks as fast as they can to protect themselves from increasingly worthless U.S. earnings. (Believe it or not, ferreners own huge stakes in U.S. companies.) The value of U.S. money has already dropped 21 percent since Bush came to Washington. Traders and investors also agree that "U.S. currency will likely drop versus the yen, British pound, Swiss franc and Australian dollar." (Then again, one benefit of a worthless currency is that U.S. exports will be dirt cheap internationally, which could make a small dent in our massive trade deficit. Then again, U.S. exports are down to late-1980s' levels -- remember those magical days? -- while the trade deficit and Net Foreign Investment deficit are at record levels of -5 percent.)
This is a single entry on a blog
written by me, Sean Bonner. Please feel free to look around or even join in whatever conversation
might be going on. Or don't. See if I care.
Sean Bonner has been annoying people on the internet since 1994.
Currently he lives in Los Angeles
and is the co-founder of Metroblogging. Despite growing up in Bradenton, Yahoo! thinks he's the most important "Sean" on the internets. He's sick of labels.
This was his blog until sometime in 2007 when it broke. Check out seanbonner.com for current stuff.