Friday, December 10, 2010

Dollar Futures Down?

Not that I put much credo into futures, but I have not seen the dollar down on futures since the turn last 4/21/10 (see The Doelarr post as reference to dollar strength).  It is only down a fraction, but it is down.  This should be a very good indicator indeed.

Have people forgot that only a few weeks ago, Russia and China will no longer do business in the dollar?  The Yuan has opened for rubles.  The impact has not been felt yet, as Bernanke and his Sackman are busy monetizing away the debt, allowing Congress to issue massive deficits.  But it is only a matter of time before the sand shifts under Bernanke's Temple of Power.  Whatever secret agenda the Mad Professor had matters little in the face of catastrophe.  The end of the dollar is at hand!

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