When rappers start flashing brief cases and gangster rolls full of Euros rather than dollars in their music videos then you know there is a problem in America and more importantly the world as the U.S. dollar is the most used currency throughout the globe. The current exchange rate is 1 Euro = $1.45. So basically if you go to Europe for vacation (if your an American then this is highly doubtful, but bare with me) and you exchange $100 bill for Euros then you will get back exactly 68.57 Euros. Even the Canadian dollar is worth more than the Green Back, not by much, but when you consider that just 10 years ago the USD was worth almost double you can see the regression and trends that have taken place that leads us to the state we are in today. I mean how embarrassing! the Looney is worth more than a G Washington. With 2/3 of all USD in circulation residing outside the U.S. the global impact of the devaluation is critical and reaching a boiling point when you consider that the new international currency could be the Euro. What will this do to the U.S. economy in an age when we are competing with China’s booming economy and the price of oil is going through the roof. The next President in office will have alot of decisions to make and sweeping reforms are in order. We have to cut spending and quit printing money whenever we feel like it. The most recent blatant misuse of the federal reserve was this $168 billion dollar stimulus package that congress has passed that basically gives a $600 check to 50 some million families and then a little extra for every kid in the family as a way of boosting the economy. Is this a JOKE??? What can you do with $600? Nothing, when surveyed 80% of the people who would be receiveing this check said they would pay towards their credit cards or save it. So how is this supposed to boost and economy that is based on consumerism? The answer is that is won’t and if anything we have only devalued our dollar even more and hurt the economy, bringing us closer and closer to losing our status as the number 1 economy in the world. This November whoever you vote for, please make sure they are fiscally responsible and have a plan to put the dollar back on top and to secure the U.S. as the lone economic super power of the world. VOTE RON PAUL!!!!!!!!!
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