Destroying the Dollar………..Maybe the “Amero” is For Real

They talk about “breaking the buck”, well you could call the Bush Presidency an attempt to “Destroy the Dollar”.

Bush had the responsibility to monitor those in charge of the economy. He’s gone thru a few Treasury Secretaries, each time one of them told him he had to raise more money(read taxes) to support the wars, they were fired.

Anybody with a brain could’ve realized the explosion in real estate was being fueled by imprudent lending, over supply of artificially cheap money, and rampid fraud. The government knew the GSA’s needed tighter overseeing 4 years ago, but the administration was too busy chasing Saddam Hussein.

Now after the money we’re going to have to print to cover this bailout gets into circulation, what do you think is going to happen to the dollar? The more supply there is of something, even a currency, the less its worth. The future of the dollar is very murky. They is a very real possibility that US Sovereign debt, may actually get downgraded by the major rating agencies.

The Amero?…………..Now there’s an idea George.

Buy the Yen…..

The global markets don’t have faith that the US bailout will do the trick fast enough………so we believe as a reult of higher risk aversion, the yen will gain in value during the next 12-24 hours……. This means you should go short  JPY denominated pairs