You're not kidding. With the value of oil pegged to the dollar the Europeans are paying an OUTRAGEOUS amount for their gasoline and diesel. They pay by the liter, not the gallon. Also, their food costs are going through the roof. The events in the monetary systems that are taking place right now are world wide, and systemic. This recession is going to be nasty. There is little doubt about that. It's just too bad it was hidden for so long by loose promises coming from a bunch of dimwit politicians that should have (and more than likely did) known better.
Back to the markets. . .You are right on the "currency" measures with Warren Buffett. It's all working the fiat system to one's advantage. And knowing the tactics from the Bush Administration helped a good many people make money from allowing the dollar to fall and knowing where the value of other commodities (and when) would rise. Gold and silver being the commodities of choice during this administration, and the Euro being the exchange unit in the fiat system of choice during that same period.
More market review coming later tonight. I'm still waiting for the dust to settle from the retreat of yesterday's worthless rally.
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