Wednesday, September 23, 2009

Dollar drops against pound and euro


The drop in the dollar is low overdue. Today, Fed grapples with mortgage meltdown as our economy spins out of control and takes us on a wild ride. I see major banking crisis ahead. People need to wake up. Splashing new paint on old rotted wood does not make a boat sea worthy, we are going to sink like a stone. Debunkers claim all is fine, buy oil is still over $70/b and gold is over $1,000/oz. The question is - how much longer can our gov prop up our stock market?

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