A bottomless pit to fill.

Suprisingly, I do not seem to hear alot of discussion about the recent slide of the Greenback. Everyone seems to take it rather easily - resembling, perhaps, the ease at which it slid to it's current state. Of course, who am I to judge on whether or not this decline is of any significance in the global financial market. Too young, too misinformed.

Countless scenarios - some with a strong dose of pessimism - of a weaked dollar predict how the world might react to the dollar's lost status in the forex market. The complex interactions between economics, politics, and an ever-suprising element of luck/misfortune bring about a financial world that often over-reacts; like a pendulum, markets swing back and forth in a seamingly consistant pattern, hoping to find the mid-point that reflects the true value we see in these markets.

Perhaps the loss of trading power of the Greenback would do the world some good. It's high time the world stopped building it's wealth upon a currency that holds no true value. Not one that allows for unprincipled and uninhibited reproduction at least. Not one that owes it's existence to the blindfolds governments around the world use to cut themselves off from the truth just so their products are sold in foreign lands, even with the awareness of where suchs funds come from.

"And if 2007 worsens as much as 2006 did our deficit will top $1trln per year in 2007. How much is one trillion? Well suppose you were to try to ‘sing the deficit down to zero’ and did so singing the tune ‘100 bottles of beer on the wall’, using the lyric ‘1trln dollars of deficit today,1trln dollars today, take one down what have you got? 999,999,999,999 dollars of deficit today’. Now assume you can sing that in 10 seconds –each verse. That’s 10 trillion seconds of singing. It would take you more than 300 years to get the current account into balance. If George Washington had started singing that song, and were he blessed with extraordinary long life, he would still being singing today...and going strong with his work still cut out for him." -- http://www.haver.com

I must apologise if today's post seems a little incoherent. There is just too many ideas flashing through my mind, but none of which I dare put to words for my lack in understanding of the financial markets. Perhaps I might be wrong over this entire issue. But if that were the case, I'd gladly be proven wrong.