If you have investments start paying attention to them

[toxic]

The stock maket has been down almost 300 points today and is now down 250.

There is speculation is that China will diversify from the US dollar to other currencies.

The dollar is dropping again. Morons have started buying Gold and they don't know when to buy or sell, so logic and economic knowledge is useless :)

Investors are confused and really making the market act crazy, because they don't understand what is/will happen now.

Foreign investments will do good today, as they convert foreign currency into cheaper dollars, but wild swings will be occurring. I have moved my foreign money back to areas that I can trade fast, not wait till the end of the day.

I think we are getting to a situation where a lot can happen in minutes or hours, not days.

[toxic]

I started to tell you guys the sky was about to fall the other day, then the USD$ reversed a little and I bit my tougue.

If China pulls the plug on the US dollar, we are screwed.

I think Bush/Republicans want to run the economy a bit deeper into the ground so they can fake a recovery just before the election next year. Typically this works, as voters only have a two week memory.

Considering we are at a low ebb, I think this is a bad plan now. It is possible we will take a hard fall and not recover.

Gold is a good metric for the dollar, since it is priced in dollars. It can be a hedge for the dollar dropping also. Gold has went up about $100/oz each month for the last 2 months. Now it is going up $10-20 per day.

http://biz.yahoo.com/ap/071107/wall_street.html

NEW YORK (AP) -- Stocks fell sharply and bonds jumped Wednesday after the dollar sank further amid speculation that China will seek to diversify some of its foreign currency stockpiles beyond the greenback. The Dow Jones industrial average fell nearly 200 points.

Unease about the dollar dogged stock markets worldwide and in the U.S. comes a day after stocks continued their recent zigzagging to finish with sizable gains.

The 13-nation euro hit a fresh record against the dollar -- rising to $1.4729 -- before falling back. The dollar fell not only against the euro but in Asia following a report that a senior Chinese political figure said China should diversify its $1.43 trillion foreign exchange reserves into the euro and other strong currencies. ...

[April15]

This is when being broke is a good thing. I have nothing to lose but my shared house.