God help us all! Now Dubya is chiming in on the dollar!
As Dubya was standing next to "The Italian," he chanted the usual Rubinian Mantra that: Our policy is a strong dollar.
But then he went on to say let the markets decide.
But, with Dubya's DISASTEROUS Social Security Plan in play, which will be DOA before the Neu Kongress convenes; some might panic at the thought of any large scale borrowing to finance yet another Dubya Screwball Debacle.
And that even as we are begging the Iraqis to let us rebuild their bombed out cities and towns! Oh, Pleaseeee......let us make your lives wonderful--at US taxpayer expense!
Yet, Iraqis seem to be of three minds on this:
A. Those who just want to kill us now.
B. Those who want to let us start re-building their country, and then kill us.
C. And those who think we should be allowed to finish the re-building job first, and then kill us!
BASCIALLY, ANYTHING DUBYA SAYS NOW DAYS IS A BIG DOLLAR NEGATIVE!
SO, MY ADVICE IS LET SOMEONE LOWER DOWN THE FOOD CHAIN CHANT THE MANTRAS FOR THE TIME BEING.
EVERY TIME DUBYA EVEN MENTIONS THE DOLLAR; IT WILL PLUNGE!
THE DOLLAR PROBLEM COULD BE "THE BIG ISSUE" OF 2005!!
I mean what else is there? Oh yeah, Iraq and Iran and Terror and Russia and Korea, and......
The problem, of course, is that we are not just talking about some Tin-horny Latin Dictator, who ran his printing press for too long!
We are talking about THE WORLD'S MAJOR RESERVE CURRENCY.
And worse yet, in a world where paper floats on paper which floats on even more paper---that's bad.
WHEN MAJOR RESERVE CURRENCIES START TO SHIFT.
THE TECTONIC PLATES OF THE WORLD ECONOMY WILL TREMBLE!
AND, AS WITH A 8.5 EARTHQUAKE;
A LOT OF PEOPLE GET HURT!
