Tuesday, December 07, 2004


The Economist on the dire state of the dollar.

I have dollars that are not in the stock market. I know gold is purchasable on the market, but I didn't like the fact that a bit of gold is shaved off every now and then for overhead. Should I buy bullion then?

What should one do with dollars when the US adminstration is fixated upon a banana republic policy for our currency?

Finally, the Economist says:
American bond yields (long-term interest rates) would soar, quite likely causing a deep recession. Americans who favour a weak dollar should be careful what they wish for. Cutting the budget deficit looks cheap at the price.
Bush shows no interest in cutting the budget defecit. Instead, he is attempting to increase it by TRILLIONS of dollars with his Social Security plans.

So, again I ask, what should I do with my dollars?

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