The dollar is in trouble, but since so much of the world is holding dollars, the rest of the world's economies are hanging on the strength of the dollar.
If the dollar goes down it will take the rest of the world with it. Countries like China and Saudi Arabia know this.
Could gold be the bubble that Housing and the DotComs used to be?
That’s sort of my feeling too. I can’t guarantee the dollar won’t collapse, but we sure aren’t going to be the only ones hurt if it does.
After the sky-is-falling routine over international investing & lending that turns out to have been nothing except an occasion to siphon of huge amounts of other people’s money, I think I’ll wait to see what happens with the-sky-is-falling regarding the dollar.
Say there’s a crisis.
Charge dearly to fix what isn’t there.
Proclaim it fixed.