Richard1354 Wrote:
Sep 14, 2012 9:11 PM
The Obama administration doesn’t have to raise taxes on anyone to pay our debts. When Bernanke discovered that printing money is easier than growing corn, he decided to do just that. The problem is it hurts those who could least afford it; the poor. Printing money to stimulate the economy is like adding water to syrup, it dilutes the value and in this case the value of the petro dollar. This is very bad policy and will shortly force the world market for crude oil to purchase on open exchanges and abandoned the US dollar. Why would governments use the US dollar, or for that matter loan money to a country, that arbitrarily devalues its currency.