Both the Democrats and the Republicans are in favor of a weaker dollar, but it's got nothing to do with exports. Both parties are in sync with the quantitative easing and monetization of debt policies of the Fed ( the real power over both parties ), because they are trying to stiff our creditors by paying down our enormous debt with depleted dollars. Clearly, the decision to try and hide M3 data beginning a few years ago was part of this plan.
Until I see rates on short-term Treasuries climb above 5%, I will assume that a weak dollar policy is our policy. whether we admit it or not, or admit to the motives or not.
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Sunday, February 28, 2010
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