5 Responses

1. sherry

   May 9th, 2008 at 1:37 pm

   1

   Rome’s been there, done that.

   Modern politicians and central bankers have nothing on their ancient forebears. Bailouts…monetary stimulus…subsidies…giveaways – the Romans had a solution for every problem. And every solution brought new problems…until the weight of them crushed the whole empire. ( http://www.lewrockwell.com/bonner/bonner344.html )

2. Tom

   May 9th, 2008 at 4:19 pm

   2

   Sherry: Yeah, I think we still have a ways to go before we fall apart like Rome but you never know.

3. dc

   May 10th, 2008 at 3:50 am

   3

   SHERRY
   But did the romans have a “BOHEMIAN GROVE” to go to to sacrifice their cares away
   CHECK OUT “BOHEMIAN GROVE” ON YOUTUBE

4. Randy

   May 13th, 2008 at 1:57 am

   4

   Tom as for US dollar, I’m pretty much in agreement, but, we could still possibly see some sort of short term US dollar rally. Long term I agree with you. Here is what else I think, the US dollar and the CAD will destroyt themselves near the same pace to bring in a North American currency, the EURO might face issues of other countries wanting to opt out if they don’t cut rates. I do think though that oil is going to 200, so it will be hard to keep CAD and USD the same, so who knows, but CAD cental is inflating and cutting to keep up CAD exports etc.

   I believe we will see a new high in the markets, and things will look rosey for a bit(as far as markets going up anyway), the real crap will hit the fan around middle 2009 or 2010

5. Tom

   May 13th, 2008 at 11:38 am

   5

   Randy, your guess is as good as mine when the crap will hit the fan but I agree with you, we will see another vicious down leg in the markets