Wednesday, January 21, 2009

Is Obama listening to our founders?

The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” - Thomas Jefferson

Since September the supply of money in our system has increased 70%. Not good news for the value of our dollar. "Fire the presses up boys! We gots bills to pay!" Of course the "buck" will be valueless, but who cares? The adults have left the building and now the kids are in charge.

Now, low and behold the CFR riding to the rescue:
The director of international economics at the Council on Foreign Relations has launched a scathing attack on sovereignty and national currencies.

Benn Steil, writing in the current issue of CFR's influential Foreign Affairs magazine, says "the world needs to abandon unwanted currencies, replacing them with dollars, euros, and multinational currencies as yet unborn."





3 comments:

Dylan John Callahan said...

"The CFR does not exsist...*beep*...Thomas Jefferson did not exsist...*beep*...multinational currencies are good...*beep*.

;)

Benjamin9 said...

LOL...............awesome! You are a nut case! I needed that. lol. Be good. :)

Laura Lee - Grace Explosion said...

Yep. That's going to the "answer". Not return to Jeffersonian common sense - but further abandonment of principle, denial, and a chasing of the wind like "bigger government" will solve everything!! Transnational currency!! No more national sovereignty!! Then everyone will be rich!!

Duh. People are stupid.