US dollar will get stronger: Bush
Yahoo News – November 13, 2007
US President George W. Bush predicted in an interview Tuesday that the battered US dollar will get stronger because the US economy is robust.
"If people would look at the strength of our economy, they'd realize why, you know, I believe that the dollar will be stronger," Bush told the fledgling Fox Business Network.
"We have a strong dollar policy, and it's important for the world to know that. We also believe it's important for the market to set the value of the dollar relative to other currencies," the president said.
Bush cited low US inflation figures, modest interest rates, job growth, and gross domestic product growth and declared "the underpinnings are strong."
Asked whether he was satisfied with current exchange rates, Bush replied: "I am satisfied with the fact that we have a strong dollar policy and know that the market ought to be setting the exchange rate."
Comment – November 13, 2007
George W. Bush KNOWS that the United States dollar is not going to recover anytime soon. If anything the decline will continued and may soon accelerate into a full scale crash from which it may never recover.
George W. Bush KNOWS this, that's why he bought an extensive plot of land in northern Paraguay.
Just like his father and Sun Moon, George W. has invested in land in Paraguay as an insurance policy.
It also explains why he is committed to policies that are so patently unpopular at home: such as American military involvement in Iraq and Afghanistan. In effect, he's been told what to do and as a reward he's been given "inside information" as to where he will be safe when the crash finally comes.
And it won't be in the country where he's currently president.
Last updated 13/12/2007