The dollar fell to its lowest level in nine years...and gold, the dollar's natural rival, rose to its highest price in 16 years.

The votes that really count are those of the Foreign Central Banks - the strangers upon whose kindness that the United States so desperately relies. Sooner or later, they're bound to turn their back on all of the United States: The dollar, the consumers debt, and the National debt. That trend already seems to have begun.

Even the New York Times and the Washinton Post have noticed. "The dollar's long-term path is downward,".

Meanwhile, the Bush administration is planning to borrow the most it has ever borrowed in the next quarter - $147 billion.

Since George W. Bush came to the White House, the dollar has lost more than 20% of its value. It is widely expected to lose even more in Bush's next four years. Also, since Bush was elected the first time, tax revenues have fallen $100 billion, while federal spending has gone up $400 billion.

Over the next 10 years, deficits are expected to rise to nearly $5 trillion.

This governmental recklessness, on the top of a private recklessness (as reported yesterday, Americans spend $1.04 for every $1.00 they earn) must bring the dollar down. Practically every economist says so.

No currency, country, nation, economy, or people have ever survived this kind of recklessness abandonment without some form of kind cataclysmic annihilation.

The currency markets think they can hear the crash even before it happens. Foreign Central Bankers must have their hands cupped to their ears too -  all knowing and straining for a hint of what is coming. With their heads buried in the sands of time?

We don't know what will happen. If even the New York Times and the Washington Post wonder if the dollar must fall, we wonder why such widespread expectations are not already in the dollar's price.

Could the dollar turn out to be like George W. Bush? 

All the intelligentsia are opposed to him, but the man is popular with the masses.

 Like Bush, the longer the dollar stays in such an glorified and compassionate position, the more disaster it does create!.