Errol

The Great Dollar Pump of 2008: A Doomed Central Bank Intervention

Its funny that people can not conceive a financial disaster happening here, but if you think that the dollar is not in trouble you are delusional. Central Banks have collapsed many times in the past 100 years at it is not unlikely that this one will not. True the dollar has the backing of the U.S. government but with our spending spiraling out of control, savings being depleted if not negative and transfer of wealth in the form paying insanely high prices for oil because our government is too stupid to realize the importance of a true energy PLAN in which you can not create a new infrastructure that has been based on fossil fuels overnight, the dollar will continue to decline in the long term. This dramatic rise will only show how piss poor an economy based on massive credit extensions and spending truely is when the dollar begins to falter and then fall.