Doomsday for the Greenback

Davidc

Caulk Sucker
Members
Consider this: In 2002 the euro was $.87 on the dollar. Last Friday (4-6-07) it closed at $1.34-- a better than 50% gain for the euro in just 4 years. The same is true of gold. In April 2000, gold was selling for $279 per ounce. Last Friday, at the close of the market it skyrocketed to $679.50---more than double the price.

Gold isn?t going up; it?s simply a meter on the waning value of the dollar. The reality is that the dollar is tanking big-time, and the main culprit is the widening trade deficit.

http://www.globalresearch.ca/index.php?context=viewArticle&code=WHI20070411&articleId=5341
 
Top