[JohnGalt]

Huh? Sure Iraq will be defeated but Bush's Budget has world wide, economic ramifications (made worse by Greenspan putting ever more dollars into the market.)

As financiers decide they are better off converting their dollars into Euros where the currency is predictable, and with Europe sitting out the war, it will look very attractive. As the demand for dollars goes down, there will be serious implications to Joe Public, particularly as state governments across the country are set to raise taxes. That is my concern. I hope I am wrong.

Without stable, conservative justification for the action in Iraq, world financiers will start hedging their bets, and if the United States continues to pressure other Middle Eastern countries, financiers will continue to shift to Euros.

[Poohbah]

Yeah, sure...they'll stick their money in Euros, which are stable...but only because the economies backing them are completely stagnant.

BTW, is your net worth in the same league as Warren Buffett's? If not, then kindly explain how you seem know so much about international finance without deriving any benefit from that knowledge...