Well I heard some guy today (Howard was his last name I think) say that the dollar will (or at least should be) face a serious decline sometime w/in the next 3 mos....of course I'm thinken sooner than later.
Be interesting to see how much influence/manipulation the Obama regime has over all this....or how much his admin chooses to play a role...aint Buffet one of his finance Guru's advising him?
Anyone watch Fast Money today? Fleck was on again (via phone) & they said he'll also be back tomorrow...he spoke to the flawed idea of pegging everything to interest rates as we have. After all, is this not what got us into this mess in the 1st place? & now what are they doing....lowering rates when they should be raising'em...or at a minimum keeping them steady. There's sure 2 b a hige price to pay for all this for generations to come.....there has to be. Ya just can't print more money, wave a magic wand, click your heals 3 times & it all goes away. Now u watch as Obama deals w/it all....the gop will say "hey, we gave ya all the tools ya needed to fix it & u only messed it it all up even moreso"
Wadda f'n joke...the only thing the tools given are gonna be doin is causin more damage.....& now the latest is that we'll be even helping out 3rd world/emerging mrkt countries now....like we/they have a choice....lol
Why can't there simply be increased sin taxes....gambling, smoking, booze, etc? Also....why not have a surcharge on all financial investment transactions...buying, selling stocks, etc....after all wasn't it Wall St that got us where we are today? Just think how fast we'd be getting some of this back.....especially as much of the money is still on the sidelines right now just waiten to come back in. Nope....instead the powers that be choose to tax those who had nothing to do w/any of this "orgy of speculation & excess" as Nader puts it...lol
Unreal.....& what's even more amazing is that folks are so stupid to put up w/all this....buying into the line of BS & plan that Paulson & Co have sold us. Sure wish folks would stand up & make their representitves accountable..for once.
& I think thats the most frustrating thing of all...I dont think folks realize that w/their voting rights, we actually collectively have the power to make real change....not McLame or Obama change...as if that's change.
If you are really for true change....for those of you who are in the states where Obama is lookin like he'll have a cozy go of it (which is most staes right about now....I think it's close to 20 pts here in Cali for him)....think about voten for Nader....if he had his way, we Main Streeters wouldn't be ponying up a dime for any of this....imagine that...nope...& furthermore going forward, you can be assured that something like this wont ever happen again....& most likely woukd have never of happened in the 1st place if he were in office. I truly think if more folks were to take 10-15 mins to read about his platform, they'd read on ever further b/c they'd find that there's not much they'd be in disagreement with..if anything at all. Tho I will admit as for me, I do not like his mid east stance....& that's b/c of his Labenesse heritage....I think he's a lil myopic on this issue...sadly b/c it's a big one. Even so, I find that I agree w/way more of what he says & stands for as compared to anyone else out there....Obama & McLame included....lol So I wont let one issue stop me from voting for him....as critical as the mid east is imo.
OK....consider the daily soap box stepped on...goin back into the closet til tomorrow...unless someone else wants ta use it.
Back on topic in closing....the dollar has been fairly range bound most of the day.....well if u consider 100-200 pips range bound.....which lately can be viewed as a reasonable statement....lol
