Wednesday, April 30, 2008

Ron Paul on the state of our dollar

This video is interesting. If you havent heard why we are in such an economic slowdown, this may lead to some answers. We float our currency, the dollar is no longer based on gold but oil. Before Iraq, the Iraqi government tried to start exchanging oil for euros rather than dollars. Currently Iran and Venezuela are following suit. And the only buildings we protected in Iraq were the Oil ministries, not museums or anything of cultural importance.
Its funny that people are panicing right now because we have always had a lower currency exchange than the British Pound, probably since the colonies. I love this country, but there are many things that we are doing wrong. Id like to think a new president will help, but I doubt it. A lot of people want another Bill Clinton, like life was paradise during his presidency. That would be better than our current administration, but I think we need to do even better. The more i hear Ron Paul speak, the more i wish i voted for him.
economic dollar pound ratio

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