Tuesday, March 25, 2008

The inevitable collapse of the dollar



Euro/Dollar Rate:
http://finance.yahoo.com/currency/con...

The current account deficit:
http://en.wikipedia.org/wiki/List_of_...

Summary:
Americans are living beyond their means and Asia is currently financing that. But eventually the Asians/Europeans will stop financing the USA and then the bubble will burst.


http://www.youtube.com/watch?v=4n3g5lUgkWk

[with thanks to Psychedelic Tourist]

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image from http://www.spitting-image.net

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