USA is bankrupt
Hopelijk verkopen ze niet ons goud
No wonder the home folks are feeling a little lonely. "Consumer morale dips," says a Reuters headline. Yes, it dips because people don't have enough dollars to consume with. Many of them haven't had a real pay increase since 1973. They need dollars to help make ends meet. And now, with rising energy prices and resetting mortgages, those footloose, fancy-free, globe-trotting dollars are sorely missed. Foreclosures are up 26% in the Dallas area. June retails sales were off nationwide.
• You can still exchange your paper money for the real thing. The U.S. government is selling gold — in the form of a pure Buffalo coin. The price of the metal will probably correct before going much higher. But with civil war at hand in Iraq, regular old-fashioned war in Israel, brand new war on terrorism worldwide, a few buffalos and bankruptcy ahead for the world's only remaining superpower...a few buffalos might give you a comfortable feeling.