Thread: Faith-Based Currency

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Faith-Based Currency

Ron Paul
July 22, 2008

The Latin term “fiatâ€

Wish Paul had been the nominee instead of the party puppet McCain. At the way things are going, the world's faith of the dollar is starting to crumble, and with China owning 40plus percent of Treasury obligations, no wonder George Bush is going to the Olympics. Bush started this mess with his weak dollar policies (good for exports) so no wonder he is going to the Olympics--just to keep the Chinese from being insulted and bring-
ing down the house of cards he and his policies have created, at least until he leaves office. Just imagine what will happen when the Chinese dump all Treasuries and invest in other currencies. We will be sunk, wishing we had another country to go to.