THE IRAQ COSTS GO UP & THE DOLLAR GOES DOWN
The Sunday newspaper published a letter to the editor which was a brief, but accurate, summary of why our dollar growing weaker. The writer pointed out that our national debt has doubled in the last seven years. He writes that the federal reserve prints more dollars to cover the United States’ deficit spending and thus devalues the dollar through inflation. He notes that the oil producing countries of the Persian Gulf are considering the abandonment of the dollar as their…
