Welcome to hyperstagflation.
Friday, October 19th, 2007


Uncle Buck. The American Peso. The U.S. Dollar. How low you have fallen. Once you were backed by gold. Once you were the world’s reserve currency. Once the world had confidence in you. Now the world knows it was conned.
There you lie, abandoned in the gutter, soiled and used up like a Weimar mark. Some day, you’ll have your time in the sun again. Maybe as an Amero. Maybe as a new commodity-backed Dollar. But for now —
Sell all rallies . . .

and buy all dips.
