Save the Greenback, Mr. President
• CNBCWe know that gold is soaring.And we know the dollar is slumping. But, did you know that year-to-date, while the S&P 500 is up 18 percent—a great showing no doubt—gold is up even more.The precious metal is up 21 percent. In other words, measured in tr
There is no saving the greenback. It is mathematically impossible. It has been impossible since 2006, and maybe earlier. And there is no political will to make moves to save the greenback --- indeed, the political will is to do things that hasten its demise. After all we have yet another election to get past. Expediency to make things appear to be better for votes is time honored. The bill comes due in November, 2010.