Stepping back, I wonder what "abyss" the new Administration peered into and saw frightening peril if the Dollar were revalued in light of our debt and trade problems.
they looked into the abyss and say the headlight of the on coming gold train and about soiled their clothes. So now they throw the switch.
"I only hope for the independence and courage of that federal judge in Boston...the Howe case is a real watershed! Pilgrim"
Personally, I dont hold out much hope for that either. The deck is stacked against us. More will suffer with a weaker dollar then a strong dollar. For now that is. So its off with our heads...I feel the case will be dismissed.
The dollar will fall like all of the other currencies, it will be the last. All govts. are trying to weaken their own currencies to help exports. You may have a point about the U.S> having crappy goods at a high price. When the bullhits in gold it will dwarf the internet run. The question is when will it it. 10 weeks,months,or years?