[FoRK] How far will the dollar fall? (was: Demonizing the hedge funds...)

[Aaron Burt]

On Sat, Apr 19, 2008 at 02:39:00PM -0400, Luis Villa wrote:
> ...the rising cost of oil (in large part, though not exclusively, a
> result of the war in Iraq and resulting destabilization)...

I'd say that the Iraq invasion had a small role in rising oil prices.
Production has been at roughly pre-war levels for the past while.  
That Saudi Arabia didn't (and likely can't) increase production to meet
rising demand has a much larger role.  

If we're at the Peak, demand is increasing, and the main thing propping
up the US$ is its dwindling ability to buy oil, it's past time to get my
savings into a currency with a future better than, say, Zimbabwe's.

Besides, with McCain's poll numbers, I suspect I'm gonna end up staying
in Canada for a while.

Besides, have you seen the interest on US savings accounts lately?  It's
barely at the official inflation rate, let alone the real one!

> ...and the brutal budget deficit (with resultant impacts on investment
> and the interest rate) were predominantly caused by one man and the
> team he put in place to control and lead his party.

Hey, they did a great job of following Greenspan's advice to not pay off
the National Debt.