Horned Owl

A Russian Perspective on the Rise of the U.S. Dollar

As Ross Perot once stated "how many rich economist do you know"? The dollar is a dead man walking due to a soon to be 11.6 trillion national overseas debt due to about a 6 trillion borrow and spend spree by President Dummy Bush ! Currently the USA has a operational revenue problem budget deficit of about 480 billion dollars it needs to operate the fiscal 2009 year- in otherwords the taxes it will collect next year-income taxes and such will be in shortfall that much. 10 to 11 million jobs lost over the past 8 years of Bushism. The US is also borrowing right at 39 billion dollars every quarter to make up its interest payments of about 281 billion dollars a quarter on loans it has gotten from foreign bankers. True stock markets have taken big losses around the world, currency and stocks are two different things my friends. Putin is nobodies fool and the Russian feds have 489.1 billion dollars in solid gold bars in reserve to back up the Russian Rouble is necessary , along with holding about 580 billion in foreign reserve currencies such as yens, dollars, euros, pounds. Bush sold out the entire silver reserves of the US a couple years back, and the US federal gold reserves reports show the same number of ounces on the 2006 accounting reports as the 2008 does to the exact ounce! Only a halfwit would believe that is correct after looking at the West Point gold reserve account sheets showing what is in custodial status- meaning another country now owns it,lol. Independent bullion sellers in the US have not been able to get any gold or silver to sells in weeks now. If Vladimir Putin monetizes and orders gold Roubles into circulation the US dollar would be toast in 6 months or less and the US Feds know it! Yes the Russian stockmarket make hit bottom along with the Dow Jones and others, but the Russian Rouble is solid as a rock my friends and not about to fall to worthlessness again like before! What you are seeing right now with the rise of the dollar is the result of ongoing deleveraging- countries selling US investments and gettting paid off in US dollars. When that phase is run its course the dollar will go from around 87 to 91 all the way down to about 35 or worse!