Sunday, October 26, 2008

WILL "NEW BRETTON WOODS" DUMP THE DOLLAR

CLEARLY THE EUROPEAN CALL FOR A "NEW BRETTON WOODS" IS AN ATTEMPT TO DUMP THE DOLLAR...

AND GET OUT FROM UNDER THE DOLLARS "SPECIAL POSITION" IN THE GLOBAL ECONOMY....

MY HUNCH IS THAT THE END OF THE DOLLAR DOMINATION OF THE WORLD WILL BE CALLED FOR AT THE NOVEMBER 15TH MEETING....

THE DOLLAR HAS BEEN ABUSED BY WALL STREET AND WASHINGTON FOR TOO LONG...

AND IT HAS BECOME UNSUSTAINABLE...

THE CURRENT GLOBAL COLLAPSE IS REALLY A DOLLAR COLLAPSE...

AND ANYONE WHO THINKS OTHERWISE IS DELUDING THEMSELVES...OR IS TAKING THE NAIVE WORLD VIEW...NOW SO PREVALENT ON WALL STREET... AND IT WASHINGTON...

SOMETHING BIG IS UP...AND A NEW BRETTON WOODS WILL NOT HELP THE US ECONOMY...THIS IS NOT 1944...

KEYNESIAN CURRENCY THINKING NEEDS SERIOUS REVISION... AND NOW... THIS IS NOT THE 1940'S...!