Now that "We The People" own a huge insurance company and we back up most of the mortgages in US, I predict the government will be printing more $.
So? Our green backs were at one time backed by precious metals. Silver but mostly gold. The gold standard gave value to our printed bucks.
No longer is our money backed by world standards like gold. Our money is backed by our good name only.
The more money printed, the less value in each bill.
The American dollar will be worth less and less. It hasn't been strong in the last few years but I predict it will take two American dollars to buy a Canadian dollar's worth of goods. Not a good thing.
Also, the value of our homes and other real estate will decline even further. It's time to change Washington and elect McCain/Palin. Obama took over $80 million from Fannie Mae/Freddie Mac which has been run by some of his Democrat cronies over the last decade.
'til later
Thursday, September 18, 2008
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