Reading Journal Epsilon

Ok so this week I read this article and used blooms taxonomy to dissect it.

Tier 1 Knowledge: Venezuelan President Hugo Chavez said the American Dollar is a worthless piece of paper.

Tier 2 Comprehension: This reminds me of the Great Depression

Tier 3 Application: I should pull money out of the bank and put it in Silver.

Tier 4 Analysis: The US dollar went down because we rely too much on foreign oil.

Tier 5 Synthesis: I predict we will come out of this hole when a new type of fuel is discovered.

Tier 6 Evaluation: I agree that the US dollar is not as strong as it was a few years ago.


Venezuelan President Hugo Chavez took a fresh swipe at his arch foe the United States on Friday, saying Washington was unable to handle the financial crisis and wanted to use a worthless dollar to own the world.
The leader of South America's biggest oil exporting country had just met French President Nicolas Sarkozy on a visit that had already taken him to Cuba, China, and Russia.
"The Americans harass us and attack us... (they) want to buy the world with paper that does not have any value," Chavez told reporters in the courtyard of the presidential palace.
Washington expected to remedy the current crisis "by running the money printer, and I strongly doubt we'll be able to resolve the crisis that way," he said.
An official from Sarkozy's office who spoke on condition of anonymity said the French president had urged Chavez to think ahead to the next U.S. administration and not give his adversaries a pretext to "caricaturise" him.
The official added that France was eager to help Venezuela diversify its economy and was ready to transfer technology in the transport and energy sectors, as well as in defence to help fight illegal trafficking in the Caribbean.
Chavez said the activities of French oil companies Total (TOTF.PA: Quote, Profile, Research, Stock Buzz) and Perenco came up in his talks with Sarkozy, as well as projects involving the auto industry and underground trains in Caracas. Further talks would be held at a meeting on October 2-3, he added.