You may have noted that gasoline costs more lately--and you've heard all that stuff about Katrina, the Russkis, the Iraq War, yada yada yada.
Ummmnnnnnhhhhh.....
Why don't you take a good look at the value of the USDollar for a change? Arabs are not exactly stupid: they've been trade-merchants since approximately the year 2000 BC. Just possible (possible, mind you) that they perceive the USD to have less value than it did in, say, 1977.
Look it up.
Ummmm... Don't you know that the real reason gas prices are up is because President Bush and his oil cronies are still letting people cruise around in SUVs. Duuhhh.
ReplyDeleteSheeesh!
One needs only examine the price of gold since 4 years ago to determine that the USD is in deep doo-doo.
ReplyDeleteNews today is that PRC wants to "diversify" its foreign reserve holdings--meaning a Dollar Dump is coming.
Hold on to your hat.