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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: ayn rand who wrote (90798)	10/24/2009 5:07:33 AM
From: ayn rand	2 Recommendations Read Replies (2) \| Respond to of 94695

"Many so-called financial experts and stock analysts on CNBC have been proclaiming the rapidly declining U.S. dollar to be good for the U.S. economy, because it will boost our exports. We need to increase exports, but our country doesn't produce enough products to export. In order to increase the manufacturing of products to export, we need to increase savings. Without savings, it is impossible to build new factories. A falling U.S. dollar discourages Americans from saving and destroys the value of savings. A declining U.S. dollar is bad for all Americans. Oil prices are now back above $80 per barrel; gas prices will inevitably rise back above $4 per gallon. Last time gas rose above $4 per gallon, Congress held countless hearings trying to figure out why oil prices were rising, when in fact they were the ones causing it. Congress's deficit spending and Bernanke's willingness to monetize it creates the inflation that drives oil prices up. Let's see if they figure it out this time, or if they once again place the blame on speculators and the free-market." national inflation association