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Originally Posted by randallscott35
GRisk,
That's an interesting chart....Bascially from the end of Clinton on the dollar has weakened. A rally here and there, but the decline is staright down....Notice the high popularity of Bush was b/c of September 11th. It makes sense that a terroist event would lead to an increase in strength in the dollar. It is a "safe haven." But less so than ever before. Last month when tensions between Iran and Britain were high the dollar did nothing at all. Oil went up, but the dollar just sat there....
Even more interesting is that some countries are starting to buy oil off the open markets in Euros. That's unheard of. If the world moves away from the U.S. as its currency of choice for things such as oil pricing, the spillover effect is fewer dollars held in foreign banks....The point to this whole thing is that the rest of the world is tired of our collective shopping spree in this country and can put an end to it in a heartbeat if they want to. If China sold 10% of their U.S. reserves, the dollar would drop another 15%....Keep taming that tiger Fed Reserve. B/c the rest of the world has us by the balls when it comes holding our debt.
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Randall,
Interesting points you make.
Do you have any idea what each penny increase per gallon in gasoline prices
really costs? Or what the cost of a 2 trillion deficit war policy costs? Or what the collapse of the housing market costs?
Some do. Some don't.
After seeing Queen Liz and the Smirker at last night's "white tie affair"...shucks...."Let them eat cake."
We're screwed! So are our kids, and theirs, and theirs.
Good luck!