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Claude Cartaginese

FOX NEWS: How Many "Diversities" to a Dollar?

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Posted on July 14 2009 8:55 am
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The U.S. dollar is on its deathbed, and the anti-capitalist policies of the Barack Obama administration are hastening the currency’s demise.

On his Fox News program yesterday, Glenn Beck proffered a sad but well-reasoned analysis of the left’s push for a single global currency. He explained how the left’s desire to create a global economy (as advocated by the likes of Al Gore and other supporters of a unified world government) has decimated the value of America’s currency, thereby causing the world to turn its collective back on the greenback.

To those paying attention, it has now become obvious that the absurd economic policies of the Obama administration, such as its zealous push for the passage of the cap-and-trade bill–operationally the equivalent of a crushing tax that will cripple America’s industrial output–will drive the final nail into the dollar’s proverbial coffin.

Skeptical?

The Russians and the Chinese are pushing for a single world currency. So are the Brazilians, the Europeans and the Indians. Even our “friends,” the Saudis, recipients of billions of dollars of U.S. aid over the years, are nervous about the future of the dollar and are looking into other options.

The entire Middle East, in fact, is so frightened about the future worth of their investments that U.S. Treasury Secretary Timothy Geithner, whose own attempts to balance the dollars in his household budget were mysteriously confounded by TurboTax, is traveling to Saudi Arabia and other Gulf States this week to reassure them that the dollar remains viable.

Are you still skeptical?

Russian President Dmitry Medvedev displayed a sample of the new currency to journalists in Italy after the Group of Eight Nations Economic Summit last week. Theatrically extracting a shiny new coin from his pocket, he said,  “Here it is. A united future world currency. You can see it and touch it.”

He explained that the coin, bearing the slogan “Unity in Diversity,” represents “a good sign that we understand how interdependent we are.”

There should be no more skeptics at this point.

So what’s next for Al Gore and the other globalists?

After the dollar is gone and we’re all using the new “diversity coin,” maybe they could then work on passing legislation mandating a single, unifying, global language.

Perhaps Chinese?

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