EUROPE IS BEING DRAGGED DOWN BY THE RECESSION IN THE US...
AND THE EURO IS FALLING BECAUSE OF THIS... BUT WHY SHOULD NOT BOTH THE DOLLAR AND THE EURO BE DECLINING AGAINST GOLD...
AFTER ALL THE ENTIRE PROBLEM WAS CAUSED BY EASY MONEY FROM THE FED...AND TO A LESSER EXTENT THE ECB...
THE NOTION THAT A DECLINING EURO IS "GOOD FOR" THE DOLLAR...AND THEREFORE THE DOLLAR SHOULD "RISE" AGAINST THE EURO IS RATHER ODD ECONOMIC THINKING... PAPER IS PAPER...EVEN YET.
THE REAL CANARY IN THE MINESHAFT WILL BE GOLD...
IT'S POSSIBLE THAT THE DOLLAR COULD FALL AGAINST GOLD BECAUSE OF THE MASSIVE MONEY PRINTING...BUT THE EURO COULD FALL EVEN FASTER?
POSSIBLE BUT NOT LIKELY...
THE EUROZONE IS NOWHERE NEAR AS BAD OFF AS THE AMERICAN ECONOMY... WHICH IS IN DEBT, OVER-EXTENDED, IN A FISCAL AND MONETARY COLLAPSE...
AND DOES NOT REALLY PRODUCE WHAT IT CONSUMES ANYMORE...
ALL PAPER ASSETS "SHOULD FALL" IN THIS ENVIRONMENT..AND GOLD SHOULD RISE...AGAINST THE DOLLAR LONGER TERM..
NO THE FED "MONEY PRINTING" IS NOT OVER...!! THERE ARE STILL THE FANNIE AND FREDDIE FIASCOES...!
IN FACT THE FED IS ONLY NOW STARTING TO PRINT MONEY FOR USE OUTSIDE OF THE WALL STREET MONEY CENTER BANKS AND FINANCIAL INSTITUTIONS...
STAGFLATION IS GOOD FOR GOLD...
EVEN IF THE REAL ECONOMY IS DEPRESSED...BECAUSE THE MONEY PRINTING WILL ACTUALLY INCREASE DURING THIS PERIOD...!
