Today's intra-day decline of 1.37% in the US Dollar index would make it the 15th worst one-day decline for the currency over the last ten years. However, as shown in the chart below, today's declines haven't even put a dent in the uptrend that has been in place for the currency since its rally began on July 15th.
The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own.
Saturday, September 13, 2008
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Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.
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