Palin, the former Republican vice presidential candidate and ex-governor of Alaska, launched her dollar criticism on her Facebook page. She linked dollar weakness to U.S. dependence on foreign oil, large U.S. deficits and questions about whether the dollar deserves to retain its vaunted status of reserve currency.(http://www.reuters.com/article/bondsNews/idUSN0854512520091008)
"We can see the effect of this in the price of gold, which hit a record high today in response to fears about the weakened dollar," Palin wrote on Facebook this week.
"All of this is a result of our out-of-control debt. This is why we need to rein in spending, and this is also why we need energy independence."
well...cluck, cluck little duck.
we'll really need a lot more oil as we "rein in spending".
the economic deficit isn't the only deficit in town!
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