So from a global perspective it is fair to call you naive IMO
David,
Well, from a global perspective, if the US economy weakens, then the dollar will weaken. However, we're seeing anything BUT economic weakness. In fact, the weakness that we do see exists in the rest of the global economy where inefficiency and socialistic governmental policies continue to wreak economic havoc. Look at Japan as a prime example.
If it hadn't been for US economic strength after the Asian Contagion, we would have likely seen a global recession take effect. The US received its favorable consideration as an investment market because we create a better environment for capital allocation than any other nation in the world.
I really don't see any alternatives or competition to the US dollar at this time. Certainly not from Gold or Silver.
Btw, with regard to internut companies, check out Friday's WSJ article on Nina Brink and her Dutch internet company, World Online International. That's what you call an outright fraud and provides even more reason that US markets remains the safest and best regulated (for the most part).
Regards,
Ron |
