THE DOLLAR DEBACLE HAS EVEN SURPRISED ME...AND I'VE BEEN PREDICTING IT FOR YEARS...!
PERHAPS THAT'S WHY IT WAS SO SURPRISING... WHY NOW...?
THE DOLLAR, GOLD, OIL COMPLEX ARE SIMPLY GOING TO HAVE TO BE RECOGNIZED...OR THE US AND INDEED GLOBAL ECONOMY WILL CONTINUE TO DECLINE...
THE FED IS SO OBSESSED WITH "GROWTH" THAT IT DOES NOT EVEN NOW RECOGNIZE THAT A "SOUND CURRENCY" IS THE VERY BASIS FOR REAL GROWTH...GROWTH THAT IS NON-INFLATIONARY...AND "REAL"....
HOW LONG IS THE FED GOING TO CONTINUE PUTTING IT'S HEAD IN THE SAND ON THESE REAL PROBLEMS...WHILE PURSUING NON-ECONOMIC GOALS LIKE GROWTH AT ANY PRICE...WHICH REALLY MEANS "ASSET INFLATION" IN THIS CASE...
