Bill Jencks

U.S. Dollar Now Testing $1.50 Per Euro

Howard,

Perceptive article this. Especially since Jean-Claude Trichet has been begging the Chinese to lighten up their policies, he even admitted that the Euro was never designed to be a strong world reserve currency.

My view, as you know from past comment, is that the Chinese are in charge of the gold price and therefore have full reign over the US dollar value now. They will let the dollar fall to a level that they want, not the US govt. After this they are likely to maintain a fairly stable dollar -- until they have slowly and sufficiently reached a point when the dollar no longer is a dependency. Then it's anybody's guess.

I don't think the Chinese will let the dollar fall yet, it just wouldn't benefit them.