Monday, August 11, 2008

Weak Dollar

Weak Dollar Dry Bones cartoon.
Friends visiting from the States are complaining that their U.S. Dollars don't go as far as they used to. Both here in Israel and in Europe.
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As I write these words the world is turning from the Olympics to take a peek at what seems to be a war between Russia and Georgia over the breakaway territory of South Ossetia, which is legally in Georgia, a West-leaning country on Russia's southern border that hopes to become part of NATO.

Europe's ethnic and nationalist struggles seem to be moving back to pre-Soviet times ...of course back then The U.S.A. was a manufacturing powerhouse and the American Dollar was as solid as the rock of Gibraltar.

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And how is this going to impact the American Presidential elections?

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