{"id":18778,"date":"2011-07-20T00:21:11","date_gmt":"2011-07-20T00:21:11","guid":{"rendered":""},"modified":"2011-07-20T00:21:11","modified_gmt":"2011-07-20T00:21:11","slug":"geithner_debauches_the_dollar","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2011\/07\/20\/geithner_debauches_the_dollar\/","title":{"rendered":"Geithner “Debauches” the Dollar"},"content":{"rendered":"
\n

RUSH: Joe in southwest Michigan. Welcome to Open Line Friday. Great to have you here, sir. Hello.<\/p>\n

CALLER: Hi, Rush. I think what\u2019s happening is all this spending is a smoke screen for debauching the dollar. I don\u2019t think any person who\u2019s studied economics could see it any other way. I don\u2019t think anybody could be making this big a mistake. I think they\u2019re debauching the dollar.<\/p>\n

RUSH: What do you mean precisely by “debauching the dollar”?<\/p>\n

CALLER: Well, you make the dollar more and more worthless until it gets to the point where nobody wants it and then up end up with them going to the global or some other kind of dollar.<\/p>\n

RUSH: You mean Obama\u2019s doing it via the Fed, right, all the printing?<\/p>\n

CALLER: Right, Geithner and Bernanke. Geithner, he ought to know better. He\u2019s worked on Wall Street. He should know what\u2019s going on.<\/p>\n

RUSH: Why would they want to do that?<\/p>\n

CALLER: Well, I think it undermines our sovereignty, and the people that it hurts the worst are your seniors. It\u2019s taking your savings your life savings and cutting them in half and less.<\/p>\n

RUSH: Now, that\u2019s an excellent point, by the way. While everybody claims to be on the lookout for our seniors, it\u2019s the policies of the regime which threaten seniors. Anybody on a fixed income. Greatest. That\u2019s absolutely true. No question. Joe, thanks very much for the phone call. <\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: By the way, there\u2019s a method to the madness of Little Timmy Geithner and Obama in “debauching the dollar,” as our caller referred to it. He means devaluing it, and when you devalue the dollar, many things happen, but one of the things that happens is it means paying off your own debt is much easier. It takes a lot fewer dollars to pay off your own debt because you\u2019re devaluing the whole thing. So it\u2019s a very… The ChiComs don\u2019t like it. The ChiComs think we\u2019re being very selfish, roiling world markets, trying to retire our debt by devaluing our currency which happens to be a world benchmark. The ChiComs not happy about that.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: George in Indiana, hi. Welcome to the EIB Network. Great to have you here, sir. Hello.<\/p>\n

CALLER: Rush, what a pleasure to speak with you. I\u2019m in North Vernon, Indiana. We\u2019re about 65 miles north of Louisville, Kentucky, and about 75 miles east of Cincinnati, Ohio, and we\u2019re in kind of the middle of the poverty belt, I guess you would say; and my comment has changed a little bit listening to you talk about all of these rich Republicans that are sending money to help with the Leukemia & Lymphoma Society. <\/p>\n

RUSH: Yeah. (chuckling)<\/p>\n

CALLER: And I guess maybe things aren\u2019t as bad as I\u2019m thinking they are, but the more people that I run into in our particular area, it seems like they\u2019re becoming more and more dependent upon the government. Even our town, I hate to say, is more dependent on the government programs and money that comes in in different ways that\u2019s not just taxpayer money.<\/p>\n

RUSH: Your instincts are right on the money. We had 45.6%, I think, percent is the number. Only 45.6% of people in the country are working, and this is the strategy. This is the mechanism of the Democrat Party. It\u2019s what I was telling Mr. Trump. I mean, there is an effort out there. There\u2019s a method to this madness. Creating economic distress is how the Democrat Party expands. Stop and think of that. That\u2019s it in a nutshell, and it really doesn\u2019t need any further explanation. The Democrat Party does best, in their minds, when people are economically depressed and hurting — and that\u2019s a circumstance they\u2019re not crying about. They may lament the loss of jobs and all that stuff, but they actually try to benefit from it.<\/p>\n

END TRANSCRIPT<\/p>\n

*Note: Links to content outside RushLimbaugh.com usually become inactive over time.<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Joe in southwest Michigan. Welcome to Open Line Friday. Great to have you here, sir. Hello. CALLER: Hi, Rush. I think what\u2019s happening is all this spending is a smoke screen for debauching the dollar. I don\u2019t think any person who\u2019s studied economics could see it any other way. 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