Darrell

Energy, Inflation and Gold

Mkreisel evaluation of the US strategy on currency is correct: the world’s central bankers accept the dollar as legal tender for commercial transactions within their country. This means that Americans can go any where in the world and exchange the dollar for goods, services and/or assets.

Our politicians have developed into moralist and passed laws that prevent oil exploration on offshore California, in the Rockies, and other areas of the country where damage to the environment could occur if exploration activities took place,

Meanwhile the world central banker’s are stockpiling dollars at a rate not seen since the beginning of currency exchange system. What are they going to do with this currency hoard?

One thing is for sure our government will not allow the central bankers to use their dollar stockpiles in a way that would damage the US economy. So yes, buy commodities, but be sure that mines are in friendly countries.