Try Poking it with a Stick

wcd posterSome bad news for those of us with dead US presidents in their wallets, the US Dollar is being battered by rumors of it’s growing impotence. Gossip speaks of a decision among the world’s major oil exporters in the Gulf to begin trading not just with the dollar, but on several currencies including yen, yuan, and the euro to name a few. Even though our friends in Kuwait have denied the report, markets weren’t buying it, sending gold to a record high and dragging the US dollar further below the euro. The monetarists are shaking their heads.

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