In 1934, facing a depression President Roosevelt first confiscated
gold from every American. Then, he unilaterally devalued the U.S.
dollar by 75 percent against gold. At a stroke, FDR wiped out 75
percent of the dollar denominated debt of the U.S. Treasury. As
both Presidential-poser Obama and Fed chairman Bernanke are
students of FDR, we face the real possibility of a massive
devaluation of the U.S. dollar against gold in 2010.
a real possibility?
Who would like to claim expertise on this?
Prediction:
If it happens, China will declare WAR.
.
gold from every American. Then, he unilaterally devalued the U.S.
dollar by 75 percent against gold. At a stroke, FDR wiped out 75
percent of the dollar denominated debt of the U.S. Treasury. As
both Presidential-poser Obama and Fed chairman Bernanke are
students of FDR, we face the real possibility of a massive
devaluation of the U.S. dollar against gold in 2010.
a real possibility?
Who would like to claim expertise on this?
Prediction:
If it happens, China will declare WAR.
.













