Absolutely correct that the dollar is overvalued. Value of the dollar in 2011 analogous to the value of real estate in 2007.Just as owners had equity loans in 2007, today the Treasury is borrowing wildly against the "value" of the dollar and accumulating as much debt as possible. There will be a fortune to be made going short on the dollar just as fortunes were made going short on real estate. Sad time for America. Best to go long on gold and short the dollar.