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Saturday, November 25

Are We There Yet? by Edgar J. Steele

My name is Edgar J. Steele.

You probably already have heard this, from both others and me, but here it is again, received over the Internet from a list member quoting an unnamed source :

"This has long been said to be the line of demarcation for the US dollar. Below $0.85 there is not much to support it."
Only five or six years ago it was around $1.25. Thirty five percent is a lot of value to lose in that short period of time. From here, further decline could be faster. China - by its buying of the world's resources - is going to create enormous upward pressure on all commodity prices.
STOP

cue:
Sesame Street: Dragnet Parody - Wanted Letter W

Btw,
Got Gold?

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