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Friday, October 3, 2008
Rex Babin Cartoons
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THE DOLLAR COULD CRASH OVERNIGHT, TAKE A NOSEDIVE and be worth nearly nothing the next morning! Well, the Black Monday Stock Market Crash of 1929 actually started about a week before. It began going down but it didn't take the nosedive and the bottom didn't drop out until Monday, October 1929. So as far as the Dollar is concerned, what goes up must come down. The U.S. cannot live on credit forever, the foreigners are just pouring their money into the U.S., buying Dollars because they are so money-greedy they want to make that high interest on those Dollars, so they are loaning all this money to the U.S. billions.And whenever that happens or whenever these crazy money-mad loaners wake up to the fact that they're pouring all that loan money down a U.S. rat hole and they get scared, they're going to start selling their Dollars, dumping Dollars and trying to get rid of their Dollars and get out of Dollars because they know they can't get them back unless they hurry up and dump them and withdraw their loans from the United states! They talk out of one corner of their mouth like they know the U.S. is ready to collapse, BUT STILL THEY JUST CAN'T BELIEVE IT!
Ted Rudow III,MA