Sunday, September 3, 2006

What's Really Going On?

The bottom line for much that is going on in the Middle East today may be found at the link below. You may want to read this excerpt serveral times so it really sinks in...

"Moreover, any asset, regardless of location, that is denominated in dollars is a US asset in essence. When oil is denominated in dollars through US state action and the dollar is a fiat currency, the US essentially owns the world's oil for free. And the more the US prints greenbacks, the higher the price of US assets will rise. Thus a strong-dollar policy gives the US a double win."

Read the entire article here.