Samstag, 14. Juli 2007

Dear old Uncle Buck

Here we have dear old Uncle Buck. The only thing not bullish about the world's reserve currency to bottom feeders and contrarians is the small fact that this note denominates a nation that thinks it can live indefinitely on credit. Confidence has been bred into the average American that our money is highly desired the world over. And that may be the case, but this is temporary in that developing nations are funding our outright hoggish consumption habits while we fund their development. We are a tool. Our currency is a tool.