WPThatcher (55.68)

Remember when this used to be America?

June 17, 2008 – Comments (0) | RELATED TICKERS: FXC , FXB , FXA

  Can't you see why everyone on the Street just loves Goldman Sachs(GS)? First they suprise and then they rag on everyone else.    
        I do appreciate them for pointing out how bankrupt our system is.  Where will America go hat in hand for $65 billion though?  I can't see Middle Eastern sovereign wealth funds throwing more good money after bad.  Perhaps the Chinese will become not only our largest debt but also equity holders?
   We are officially a banana republic.   Not the kind that sells chinos and v-neck sweaters either.  I'm not one of these the sky is falling goldbugs talking up his book or a Bible-thumping false prophet decrying the end of the world.  
   Like any good American, I'm looking for some way to cash in, even if it's on our demise.  So I'm selling American dollars: I'm buying the Canadian and Australian dollars, the Swiss franc, and the pound.