An American Icon Sells Out

[RawAlex]

One of the side effects of the rapid change in exchange rates (and the insane depreciation of the US dollar) is that suddenly almost everything in the US is cheap to buy for outsiders.

Bud is a high profile sale... but there are plenty of companies and just as importantly real estate being bought up by outsiders. $140 oil is making some countries very rich indeed.

[Hell Puppy]

Originally Posted by RawAlex

One of the side effects of the rapid change in exchange rates (and the insane depreciation of the US dollar) is that suddenly almost everything in the US is cheap to buy for outsiders.

Bud is a high profile sale... but there are plenty of companies and just as importantly real estate being bought up by outsiders. $140 oil is making some countries very rich indeed.

Yup, not gonna see this stop unless someone does something to make the dollar worth at least a buck again.

The fun is only just getting started, the baby boomers are all gonna flip out at their nest eggs going to pay for their pills as they age.

[softball]

Originally Posted by Hell Puppy

Yup, not gonna see this stop unless someone does something to make the dollar worth at least a buck again.

The fun is only just getting started, the baby boomers are all gonna flip out at their nest eggs going to pay for their pills as they age.

I think the only thing that will save the dollar at the moment is a regime change. So, hunker down until November 4. I think most of the world actually wants a strong dollar but needs a reason to believe that America isn't going down the toilet. Like I told Mike AI years ago, this administration is a disaster. GW Bush is certainly the worst president in living memory, if not the worst ever. The economy was booming until he crashed it with trillion dollar debts. It ain't gonna be the boomers that pay those off, it will be their kids and grandkids with a much crappier economy. Remember the old adage "as goes General Motors, so goes the country". And they are selling off assets faster than Pennsylvania sells highways. Lucky for me I don't have to pay for pills.