Sunday, March 13, 2005

The Dollar - It Still Sucks

It's old news, but the right-wing media machine can't seem to avoid the plunging Dollar story any longer. The Dollar trades less these days on fundamentals than it does on emotions. It's a real catch-22 situation. If Europe and China don't keep buying Dollars, Americans won't be able to buy their stuff at Wal-Mart. On the other hand, if the Chinese stop buying Dollars, our currency will collapse and their economies will go down the toilet with our own.

I don't know which is funnier - the irony of having one of your biggest lenders turn out to be a Communist dictatorship, or the dark comedy about to unfold when that which cannot go on forever... ceases to go on forever.


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