Thursday, April 14, 2011

US Hemorrhaging To Death

The US is hemorrhaging to death as an extra $69.3B a year flows out as oil flows in thanks to the Federal Reserve's QE2 program. The sinking value of the dollar is responsible for most of the increase. Once this money goes into Saudi, Nigerian, Mexican, Venezuelan and other hands, it never comes back. It goes to China and elsewhere for consumer goods.

Meanwhile unemployment is up despite the BLS lies about the "improving economy". Another day, another lie from this despicable government.

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