Ron Holland recently penned some prescient commentary on the fate of the U.S. Dollar, as quoted in the Sovereign Society Offshore A-Letter, under the heading Sacrificing Your Dollars for the Housing Market:.”Most Americans could care less about the value of the dollar. But with the 2008 Presidential Election coming up, the public will be closely following their real estate values, so you can expect the Fed to hold or lower rates. This almost guarantees a far weaker dollar. But when the other central bankers really switch more of their dollar holdings to the other major currencies, expect a major collapse in the dollar.” Unless the european central bankers raise their rates sharply in the next couple of years, I think that history will prove Mr. Holland’s prediction to be correct.
o o o
Ben L. recommended some handy little items from the A.G. Russell catalog: Boker® SnacPac – Black and Buck Metro LED
o o o
Pacific Northwest Storm Leaves 1.5 Million in the Dark (Except for SurvivalBlog readers, whom I am confident were well prepared with alternative energy backup systems.)