Good Afternoon All!
Take a look at this excellent commentary from Ron Paul on the upcoming G-20 summit:
Ron Paul makes some great points here. The dollar is strengthening because the world owns so much of it. I think this is really starting to bother the ROW. I would not be surprised at all if the world eventually develops another currency that's stable enough to rival the dollar.
Many countries are outraged by the fact that we created this economic crisis and our currency is now benefiting from it. AS the worldwide recession continues to deepen, countries will become more and more motivated in creating an alternative currency.
Inflation is starting to creep into my radar folks. The deflation story still has legs, but all of the bailouts and currency disruptions in the world markets are increasing my worries over inflation. Grabbing some gold as a hedge is starting to look like a very good idea.