[BonnieJ]

Didn't he do enough damage in all the long years of his reign, why can't he just be quiet finally and retire?! Every week he has some new dismal comments and predictions.

[Obadiah]

Not sure of all the macro impact of a falling dollar, but I'm reasonably sure that this is a trend that will not stop anytime soon. I think we will see growing strength in the Euro for years to come.

[ex-snook]

Does that mean inflation or deflation????

[jpsb]

"Free Trade" bump

[Paul Ross]

Surprise, surprise.

It's especially imprudent to hold U.S. dollars when "our" government won't publish the M3 numbers anymore.

Guess the Free Trade party for the Import Lobby has finally seen the writing on the wall.

But they won't acknowledge their complicity in bringing about the next great depression clearly in the offing.

As Phyllis Schlafly's Eagle Forum, and James Plummer's Liberty Coalition reported:

ACTION: Don't let them hide inflation

By not reporting M3 the Fed is telling us they're going to give us much more inflation. If the Fed doesn't want us to know how many dollars there are, how valuable can the dollar really be?

The Fed claims M3 tell us nothing more than M2, a narrower measure they also publish. But M3 has risen nearly twice as fast as M2 over the past year. The Fed makes the silly claim that M3 isn't worth the cost to study and publish, as if the cost of compiling statistics was the cause of our fiscal woes. M3 is in fact the one statistic foreign bankers rely on most. Who will invest in America if they don't trust our money?

Sign Petition to Congress: Don't let the Fed hide its “basement counterfeiting”

H.R. 4892, the Sunshine in Monetary Policy Act. Current bill status.

[A. Pole]

"It's imprudent to hold everything in one currency," Greenspan said Monday by satellite from Washington to a business conference in Tel Aviv.

I see

[Malesherbes]

I'm just back from five weeks in Poland. For years I got 4 zlotys to the dollar; now I get less than 3. The way our government is going to reduce the debt is to sink the dollar and pay off the bills with cheap money.

[kellynla]

All I want to know is how much "Kermit the Frog" Greenspan's wife made off the Stock Market while hubby was head of the Federal Reserve? hmmmmmmmmmm...

[Red Badger]

THE KINGSTON TRIO lyrics - "Greenback Dollar"

(Hoyt Axton/Ken Ramsey)

Some people say I'm a no 'count. Others say I'm no good.
But I'm just a nat'ral-born travelin' man, doin' what I think I should, O, yeah. Doin' what I think I should.

[Chorus:]
And I don't give a damn about a greenback dollar, spend it as fast as I can.
For a wailin' song and a good guitar, the only things that I understand, poor boy, the only things that I understand.

When I was a little baby, my momma said, "Hey, son. Travel where you will and grow to be a man
And sing what must be sung, poor boy. Sing what must be sung."

[Chorus]

Now that I'm a grown man, I've traveled here and there. I've learned that a bottle of brandy and a song,
The only ones who ever care, poor boy, the only ones who ever care.

[Chorus, repeat first verse and repeat Chorus]

[headsonpikes]

"Greenspan sees a sinking dollar"

This may be bad news for long-bond bag-holders but it's excellent news for those who own real assets, not fiat paper!

Don't you think so, Toddster?

Buy gold stocks! ;^)