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Politics : President Barack Obama
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To: RetiredNow who wrote (132496)3/30/2013 5:28:40 PM
From: ChinuSFO  Read Replies (1) of 149317
 
I don't know the truth about consumer confidence. Yesterday, I heard on my local talk show radio station as well as on two TV stations that consumer spending and confidence increased last month. So you can continue to believe in all the negative things.

With regards to the BRICS. They are all holding US dollars but then they are making efforts to operate similar to the EU. We have known all along that EU is a non-starter because you cannot have a single currency system but operate under different political and social systems. BRIC currency system will go down in a similar way. Just look at the systems in India and China; one is a socialist democracy and the other is a Communist dictatorship.

So I don't know how much thought you put into your posts to say that BRIC is forming its own currency because of Bernanke printing money and thereby diluting the dollar. Was US printing dollars when the Euro was formed? On the contrary, US was basking in prosperity then.
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