Thursday, March 13, 2008

Slow Motion Train Wreck II

Here's another frame in the slow motion train wreck movie. Piece by piece it's crumbling:

http://news.yahoo.com/s/ap/20080313/ap_on_bi_ge/diving_dollar

As I mentioned in my post below, when the dollar loses its status as the world's paper gold standard the foreign investments that have been propping us up and financing our wild adventures will dry up. So far, this is just the preview of what's coming, folks.

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