Dollar Buchanan
Do you think the USA is about to plunge into a horrible recession?
Please answer with:
Yes-eventually or
Yes-very soon or
No-never
and include whether you consider yourself a democrat, republican, or other
-The euro, worth 83 cents in the early George W. Bush years, is at $1.45.
-The British pound is back up over $2, the highest level since the Carter era. The Canadian dollar, which used to be worth 65 cents, is worth more than the U.S. dollar for the first time in half a century.
-Oil is over $90 a barrel. Gold, down to $260 an ounce not so long ago, has hit $800.
excellent article by Pat Buchanan on the subject:
http://news.yahoo.com/s/uc/20071102/cm_uc_crpbux/op_334275;_ylt=AmaOwBrIKXI73vrVM9CIsdQDW7oF
Not the “time to clip coupons” type of recession.
More like the “time to stock up on can foods and ammo” kind of recession
For far too long the whole of the western world has lived on credit. The problem with credit is that one day the bills will have to be paid. That day seems to have arrived, and with China now running most of the third world trade, and to a lesser degree the western trade, there seems to be no way out except western world recession!!
Conclusion:- We are there..it will only get worse.
The Bill Buchanan Song (Dollar Bill)