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Posted 11/08/09 12:05 PM BruceLayne Lexington, KY | Synopsis: The US economy is shedding jobs at the rate of 200,000 per month, so the US economy is hurtin' fer certain. The DOW is up, not because of any fundamental strength in the US economy, as the moronic cliche-spouting "green shoots in the economy" propagandists would have us believe. The DOW is up because US weak dollar monetary policy has increased foreign investments in US companies. Of all of the weak fiat currencies, the US dollar is the weakest. We're having a fire sale liquidation, where we sell the assets of US companies at pennies on the dollar to foreign investors who are anxious to trade devaluing dollars for hard assets, including ownership stakes in US companies. When the dollar crash happens, we won't even own any of the assets we need to start rebuilding our country. We'll all be wage slaves with foreign masters. If you thought it was bad when US companies exported US jobs, just wait until the US companies aren't owned by Americans. Is this the beautiful vision of a New World Order that George H. W. Bush was describing when he'd get all misty eyed?
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