Glenn Beck - FOXNews.com
I listened to this assessment of the "economic stimulus bill" with a bit of consternation. I don't want to foment a conspiracy theory. It does seem that we have pushed a lot of cash at an economic black hole. Glenn Beck gives the impression that we have not repositioned current currency amounts, but have printed new bills from the Treasury Department.
That might explain why the Dollar/Shekel exchange rate is now 1/4 when it was 1/3.35 before the economic downturn became obvious.
If Glenn Beck's assessment is correct, the US Dollar may be seriously devalued by an influx of new additional bills that are backed by the same amount of "collateral". We have limited capital assets as a country because American corporations have outsourced so much of the manufacturing processes. We have become a more service oriented consumer society.
Service and Consumerism is not a strong support for an economy with an excess of Treasury Notes in comparison with the solid value supporting each note.
This is just my simple opinion. What is yours?
