The dollar is falling in pace with Bush's poll numbers :(

Consumer mood buckles under high gas prices

CHICAGO (Reuters) - Consumer optimism in the United States buckled in May to its lowest since Hurricane Katrina, a survey showed on Friday, hit by $3 per gallon gasoline, rising mortgage interest rates and a souring political climate.

Earlier, the government offered some positive news on the economy as the U.S. trade deficit narrowed unexpectedly in March based on a surge in export demand -- but rising import prices kept alive jitters about inflation.

The University of Michigan's closely-watched sentiment survey slumped to 79.0 in May from April's final 87.4, far below the median Wall Street forecast for a reading of 86.1.

The report stirred worries that many Americans will stay away from the shopping malls over the next few months as they spend more to fill up their cars -- although the link between consumer sentiment and actual spending is often tenuous.

"If sentiment stays at this level -- it might even decline further -- you should expect a serious slowing in second quarter and third quarter consumption," said Ian Shepherdson, chief U.S. economist with High Frequency Economics.

The dollar fell on news of weakening consumer sentiment, while U.S. stock indexes (^DJI - news) (^SPX - news) (^IXIC - news) slipped on the jump in import prices and worries about higher interest rates.

http://news.yahoo.com/s/nm/economy_dc

because Stupid's popularity is falling in stride with the dollar, a fall he caused with the combination of his tax cuts for the rich and his reckless spending on the military.

The falling dollar is contributing to the hike in gas prices, so don't see any relief there until and unless this country ejects the GOP and manages to get its fiscal house back in order.

but I like my headline better!!! :D

I have gold. I hope you all do. None of my stocks are in American stocks. I don't hold US dollars.

A friend has just told me his Marine son just called him saying his unit is shipping out for a June invasion of Iran. He also said there are 70,000 Marines on the border of Iraq/Iran waiting for orders to invade.
Yep folks, WWIII may be starting. The dollare will really spiral downward.

here is an interesting link.

http://www.freemarketnews.com/Analysis/236/4843/2006-05-10.asp?nid=4843&wid=236&pv=1

US-IRAN: RAID ON NUCLEAR FUEL MARKET

Wednesday, May 10, 2006
In the background of the political joust about Iran, a few countries are reshaping the world. They are taking possession of the global nuclear fuel market. New IAEA regulations should keep newcomers away. The US, UK, France, Germany, Russia, China and Japan will become world's nuclear filling stations. Under the auspices of the IAEA these suppliers will dictate the rules, the prices and the currencies they want to get paid in. Iran has become the pretext and test case for their plans. The problems of tomorrow's world economy are being shaped today.

Contents:

Iran and the Non-Proliferation Treaty
Iran's nuclear history
From shah Reza to Khomeini
The accusations against Iran: 130 Grams of uranium
US' agenda: The oil, the dollar and the foreign debt…
Seeking allies
The strange European delegation
Russia and China
Is enrichment in non-nuclear-weapon states dangerous?
Birth of a new world order
Questionable elements
The UN theatre

Down almost 200pts and falling... I've lost about 22% of my investments..... I was up 30% a week ago - thats a 52% swing (to the negative) in the past several days.

Oh well... lot of good that 15% rate on capitol gains is going to do me WHEN I'M LOSING MONEY :mad:

*sigh... I feel better... now back to your regular programming.

MZr7

Iran is currently in the process of doing what's called an oil bourse. This is where Iran is ready to convert all of its oil trades with the Euro and no longer with the US dollar. Once the Bourse kicks in this will immediately begin to devalue the dollar greatly. As central banks will shift over from the US dollar and into the Euro beginning with over a trillion dollars. And it is this very reason why the US will go in to take out Iran. It is not just the supposed
sites where uranium is being processed for nuclear enrichment but the capital of Tehran is going to get hit as well taking out the Iranian government. Currently as we speak there as already been covert missions going on. As
several targets have all ready been taken out including anti aircraft batteries.
This was brought up at a banker's conference basically is to warn them about the devastating effect its going to have on the US dollar and what best to do as far as the banks are concerned
and where to shift their money, investments, and assets now as it is about to occur.

We're going to Montreal in a couple weeks for the Mondial de la Bière festival.
Less money, less beer. :(