Friday, January 11, 2008

Gold breaks $900/oz

Gold keeps going up and the dollar keeps going down. The declining dollar has will cause the price per barrel of oil to go over $100/b and this will affect most people.

For example the Toyota Prius Hybrid car sales pass Ford Explorer SUV sales due to high gasoline prices. This is evidence that the high cost of fuel is having an impact.

The DOW was DOWn again today. A drop of almost 250 points. We are in a recession and we will enter a time of troubles. Irony is Jackson on a Central Bank Note. The man always hated the central bank. Ben Bernake wants to cut the prime rate and this will make the dollar drop even more.

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