Devalued Dollar

Here is something you haven't seen on CNN, MSNBC, or FOX for that matter
World Rushes to Prop Up U.S. Dollar

http://moneynews.newsmax.com/streettalk/us_dollar_gold/2009/11/13/285912.html

It appears that Asia is a little more worried about our dollar than our government is. They are keeping it propped up to keep their own currencies and investments from crashing, and I on't think they are happy about it. I wonder if this has anything to do with Obama's sudden need to go to Asia.

What this all means is that things are a lot worse than we are being told by bith the media and the government.

Of course, if this next article is on the level, this isn't good either. According to it, China has discovered that a lot of the gold they have purchased is counterfeit. I am sure that doesn't make them happy either, if it is indeed true.

Gld ETF Warning, Tungsten Filled Fake Gold Bars

http://www.marketoracle.co.uk/Article14996.html

Add this into the fact that they have been selling gold that don't have, and we have a fine storm on the horizon, that might be worse than anything we have seen so far.

California is beyond bankrupt, even with their new 10% income tax increase.

California Braces for Fresh Budget Deficit Turmoil

http://moneynews.newsmax.com/economy/california_economy/2009/11/13/285942.html

Well, that's all the lollipopville I can take for one sitting.