PreviewThe people shape their own destiny
-- either as free people or as slaves.

If they remain self-reliant, they stay free.
Ever expanding state power destroys lives.

Government panacea is a defective idea.
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Sunday, November 29, 2009

Economic masterpiece

Mr Obama political economy comes home.

Since August of this year, the dollar has lost
6% of value against the euro.
9% against the Japanese yen.
10% against the Aussie dollar.
11% against the Norwegian kroner.
23% against gold.
29% against silver.

The drop against gold and silver are partially explainable as seasonal. But if you've been putting off that new dental crown, you will have to save a little longer. The dollar will not recover for years.

Lucky us.

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