REMEMBER IT WAS THE GERMAN CENTRAL BANK THAT CAUSED THE BIG CRASH OF '87!
AND THE ECB IS STANDING IN THEIR SHOES NOW...AND IS MORE IMPORTANT THAN EVER...WITH THE DECLINE OF US POWER AND PRESTIGE AROUND THE WORLD UNDER BUSH...
SOONER OR LATER THE "TWIN DEFICITS" WILL HAVE TO BE DEALT WITH...
AND THE DE-INDUSTRIALIZATION IS NEVER EVEN MENTIONED IN THE AMERICAN MSM... THE NOTION THAT YOU CAN RUN A HUGE TRADE DEFICIT FOREVER IS REALLY BEING TESTED NOW...
MY HUNCH IS THAT IT WILL FAIL THAT TEST!
DOLLAR IS HEADING TO 150 ON THE EURO...AND OIL WILL BE WELL OVER $70 LATER THIS SPRING...
ESSENTIALLY PEOPLE ARE LOSING PATIENCE WITH WASHINGTON ON IRAQ...THE DOLLAR...AND ON THE MASSIVE TRADE DEFICITS....
THE BIG LIES JUST ARE NOT WORKING ANYMORE... IF AMERICAN EXCEPTIONALISM IS NOT SMASHED...IT'S CERTAINLY DRIVING WHILE IMPAIRED!
