October 13, 2008...Whichever presidential candidate proposes to rescue the U.S. dollar from total collapse gets my vote. He would have to pledge, this week or next, to form a high-level committee within the first 100 days of the new administration to forge a practical plan to revive the dollar.
It won't happen, of course. Neither Democrat nor Republican advisors to the campaigns are interested in so mundane a subject as reviving trust in the once mighty dollar. On the contrary, they appear hell-bent to hasten its destruction. The Democrats call for handing over more billions to citizens to "get the economy going again" in the mistaken belief that weakening the dollar will make it stronger. (??)
An untrustworthy money unit is the chief cause of our present financial crisis. That, coupled with an eagerness of average Americans to seek shelter under the skirts of a Nanny State, leads us on to the grand finale of the republic. Whether it ends in a glorious bang or a pitiful whimper no one knows. ~ JW
JW is posting daily musings on things skeptical at The Skeptic Tank - I have placed a permanent link on the right side of this page for your daily dose of curmudgeonly commentary from a longtime observer of the passing parade of political follies.
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