it doesnt matter what the US indices print.
They have lost trust and everyone is now assuming they are BROKE. I am now extremely nervous we are going to see a 1929 like phenomenon.
Look what the French president said recently:
Mr Sarkozy spared no sensitivities as he launched into a full-blown attack on the Bush Administration. "The dollar cannot remain solely the problem of others. If we are not careful, monetary disarray could morph into economic war. We would all be its victims," he said.
Sarkozy fears 'economic war’ as dollar slides
Last Updated: 1:13am GMT 08/11/2007
The French president, Nicolas Sarkozy, has warned the United States Congress that the US risks triggering "economic war" if it attempts to devalue its way out of trouble by allowing a relentless slide in the dollar.
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- thrashed thursday night
thrashed thursday night, page-3
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