Lawrence York

Thoughts on the Dollar: PPP and Thresholds

Interesting and I would like to agree. However, instead of focusing on the war on terrorism, I believe our government should focus on the economic war underway. We are fighting a well-educated global enemy who seek to depress dollar valued assets only to sweep in and buy them up. Given the official state of denial as to what's occuring economically, the rising deficits, the degree of system wide leverage, and the tactical rather than stragegic policy initiatives pursued, we are aiding the "de-coupling" reality and it is only a matter of time before our only tool left will be printing more money to try to inflate our economy, and thereby devalue, foreign held US goverment debt obligations.