Here is the history of Saudi Oil exports into the U.S. since 1973. Please scroll to the bottom. Notice 2009 Saudi exports to the U.S.? Down BIG.
Why?
I have no idea, but it certainly is statistically significant (IMHO).
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India buys half of the IMF's Gold. I need to put my head around that for a day or two.
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Warren Buffet buys Burlington Northern Santa Fe Railroad... Now why would he want to do that? Buffet buying a business that will certainly survive, and thrive, in an Oil starved America (coal moves by rail)? Who'd a thunk it.
Its good to be the King.
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If you think the US$ is at risk, we've got NOTHING on Japan. Japan's national debt makes ours look puny, they have no natural resources or farm land to speak of, and a birth dearth that will leave the island uninhabited some time in the next century (only a slight exaggeration), with only senior citizens to work the factories later in this century.
Yet look what happened to the Yen when that carry trade came to an end. I think the US$ will see the same event play out - but bigger
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I hate to point out to the Obamaphiles... but your guy has been in office for nearly 1/4 of his term. Did he accomplish 1/4 of his promises? How about 1/8? Maybe a steenth (before decimalization, that was Wall Street lingo for a 1/16th, sometimes called a "teenie")? Ah, but we know the truth, don't we? He has not delivered on 1/32 of his promises, nor 1/64, 1/128, or 1/256. Your side, your guys, are somewhat more FOS than your opponents... you were so... sanctimonious.
"Kuum By Ya, My Lord..." Meets the MTVization of American politics.
Whatever.
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Hopefully, when I get done with this post I will turn on the T.V. to hear Jon Corzine's concession speech. Not that his oppenent does it for me, but the world needs another Goldman alumni in a leadership position like it needs a hole in its head.