ManAboutDallas

The Deficit Rally

They have, finally, so the "How many times" is now "zero". The first US$ applecart to get kicked over was the recent Japanese election. The second US$ applecart to get kicked over was the Chinese telling their SOE's they could say "GFY" to the Western banks over the derivatives contracts. The next US$ applecart to tumble ? My hunch is when the issue of oil priced in US$ gets raised again, which will probably happen the next time oil tops $100, shortly. When those mutterings become a raucous cacophony, that'll be when the US$ starts its final slide to Weimar-style oblivion.


On Sep 10 11:42 AM Earthizen wrote:

> Call it anything but "inadvertent meddling". Better yet, make it
> "intentional"! How many times can we do this to the rest of the world
> before they wise up?!