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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: sandeep who wrote (6272)	3/11/2005 11:40:23 AM
From: Gersh Avery	Read Replies (1) \| Respond to of 8752

Here's the good part .. Oil has become the new gold. The dollar buys less oil, therefor it is worth less. If the pols are indeed letting this take place, then all that they are doing is lowering the value of the dollar. Since the value of the dollar is based entirely on perception, or confidence, there is less confidence in it. As confidence in the dollar falls more and more folks will want to cash out of their US bonds .. interest rates go up. The fastest way to solve the budget, trade and social security problems is to allow the dollar to crash. That way old debts get paid off with much cheaper dollars.