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Thanks in part to mounting US deficits and a weak US economy, the US dollar continues to trend lower. After all, a virtual collapse of the banking sector does have its consequences. For some perspective, today's chart illustrates the current trend in the US dollar (blue line) as well as that other world currency, gold (gray line). As today's chart illustrates, the performance of the US dollar has varied inversely to that of gold since the latter stages of the credit bubble. It is worth noting that the US dollar is currently testing resistance of its downtrend (red line) while gold makes record highs.

Joe Biden delivers this extraordinary line, spoken to a group of sycophants at a fundraiser in Iowa, that naysayers "should be worried about us, for we are their worst nightmare."

That's right Joe, for Americans, the Obama Administration is the worst economic nightmare this little country has ever known. From 'job-creating' stimulus plans to ObamaCare and Cap & Trade, we are being torn asunder. As David Limbaugh points out...

Even the liberal New York Times reports that, at the current level of federal spending, the annual interest on the national debt will exceed $700 billion by 2019 — compared with $202 billion this year. Some forecasters predict it will be much higher. This additional half-trillion dollars a year in interest is more than our combined expenditures on education, energy, homeland security, and the wars in Afghanistan and Iraq.

Oh, and the Times isn't even factoring in the cap-and-trade nightmare you and Barack have in store for us, Joe — you know, that urgent legislation to catapult the nation back into Third World status based on hysteria generated by fraudulent science and corrupt zealots and politicians.

Nor is the Times including in its calculations the additional debt that would result from Obamacare.

Joe, when The New York Times is sounding the alarm over the exploding national debt, you and Barack Obama insist not only on not reversing your disastrous course but also on making it worse. How can reasonable people assume anything other than that you are trying to run this nation into the ground financially?

Crisis analysis: when (not if, when) the economy gives up the Capitalism ghost, Obama will be there to 'save' us. To deliver us to socialism, to government price and wage freezes, to control of even more corporations 'in the national interest'.

Oh, speaking of troubled banks, our nation's banks are still not lending monies. And the FDIC, federally backing up 'our' deposits, is now operating in the red. Too many bank failures, not enough money to back 'em up. Oh, and 522 banks are nearing collapse; we don't know which ones (to avoid bank runs, the FDIC doesn't name names). Is your bank one of those nearing failure?

When the banks won't lend money to businesses, the businesses can't operate, and have to lay off workers or close their doors. That feeds unemployment figures. Oh, and...

'Real' unemployment is now 17.5%, not the 'rosy' 10.2% spouted by Obama's economic team.

"People focus too much on that 10 percent number and not on the larger number," says Kevin Mahn, chief investment officer at Hennion & Walsh in Parsippany, N.J. "There's a humongous inventory of people out there looking for work and have been looking for work for a long time. Where are those jobs going to come from?"

Unemployment among young blacks is 34.5%.

But...but...the stimulus...WHERE ARE THE JOBS, MR. SOCIALIST JOKER PRESIDENT??


Oh.

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