[SAJ]

The other currency that's in deep, er, sheep is GBP. 'Crash' Gordon Brown has thoroughly screwed the pooch, and Sterling is (as they say there) ''for it'', meaning ''going to take a huge hit''.

The dollar sucks, given the last 20 years' maladministration of this nation. However, there are a whole bunch of currencies that suck far worse (S.A. Rand is another one, btw, but it's tough to trade. So are most of the S. American currencies, with the same objection).

[bruinbirdman]

Hmmm. No reference on the thread to Ambrose Evans-Pritchard, the Goldbug.

yitbos

[bajabaja]

That’s interesting and very helpful, SAJ. I am waiting to purchase some real estate in a South American country and believe that the dollar is currently significantly undervalued in relation to that country’s currency, the Guarani. Your two interesting posts bolster my plan to hold off for several more months before buying my ranch.

Mismanagement? Heck, I know somebody who can get you a driver’s license in a certain South American country for $50 USD and a bottle of whiskey.

Now that is mismanagement. But it beats the Department of Motor Vehicles in the USA. Trust me.