R.I.P.: The U$ Dollar, the Nobel Prize, the Financial Crisis... all in one week
Monday, October 12, 2009 at 12:17AM
Stickman ED

Its  De-valuation Stupid!

Back to Business As Usual on Wall St.

(We've even devalued the value of the financial crisis)


 

Death by a thousand paper cuts,  a million bad policy decisions, the $9 trillion financial bail-out (including guarantees), $700 trillion in nuclear derivatives outstanding, the Iraq War,  Vietnam Redux (aka Afghanistan), Iran,  California tanking, health care mess, deferred pension liabilities,  endless deficits, inability to create jobs etc

 

This week saw two major devaluations: the dollar continues is tortuous slide into oblivion in economic terms and  and stature but the Nobel Peace Prize going to a shocked Obama is pretty hard to wrap your head around. Probably the most massive unilateral devaluation in history  While getting the prize was not Obama's fault (although he probably lusted in his heart)  now it's his problem.  Hint Mr. President: read Tom Friedman's proposed peace(keepers) acceptance speech.

 

                                                            Help me....I'm shrinking      

 

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Olympic logo

 

                       


        

 

Olympic logo

 

    http://www.johnnyburrito.com/images/dinero/5_goth.jpg

Article originally appeared on Extraordinary Popular Delusions and the Madness of Crowds (http://extraordinarypopulardelusions.net/).
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