Fresh Assault On The US Dollar

Reading between the lines, I'd venture to say the economy is a lot worse than anyone is willing to admit. Even Burnanke seems to be using every turn of phrase possible to minimize the impact of his words, going so far as to claim that another rate cut will "support growth and...provide adequate insurance against downside risks." Excuse me? The last time I checked (today), the dollar was at historic lows against the Euro AP Article Here.

This isn't rocket science. More money in (digital) circulation makes the value of the dollar go down. Is this prudent? As I pointed out in the article below, the banks can't pay their bills. Birnanke is feeding the destruction of the American financial system and covering it up with sobering sound bites.

Citing "less favorable" economic forecasts, The Fed chief "suggest(ed) sluggish economic activity in the near term," required a further rate cut. What about inflation? Bernanke assures us that he realizes "the Fed must keep a close eye on inflation." Is he serious? To suggest that a rate cut has even a slight chance of non-inflationary results is preposterous. The prices for the most important commodities are all up. Grain (food), and power (driving, electricity) are up already. These are the basic meccesities of the average American. The dollar is at an historic low. These two factors represent a huge burden on the average American.

Add to that the comments by Greenspan to "de-peg" the dollar from the price of oil http://www.infowars.com/?p=464 , and it becomes clear, the Elite are ruining the dollar on purpose.