Quote:
Originally Posted by ottopilot
I see your perspective, but speculators are betting against the value-less dollar. My premise is simple, but it's absolutely at the root. Everything else plays out in the market accordingly. Weak currency and weak fiscal discipline make for weak world influence - period. We no longer set the terms.
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It really has nothing to do with US power or currency. And given how everyone is still pretty much flocking to US bonds, speculators are most definitely not betting against the US dollars.
Oil, gas and commodities have gone up in every currency. Part of it is speculation on the commodities themselves (and not on the dollar) and part of it is fast increasing demand in emerging markets. Brazil, Russia, China and India have all been growing faster than 7% a year. That is nearly half the world's population.