So is the status of the dollar as the world’s reserve currency in jeopardy?  A valid question as the US runs up a $1.7 trillion dollar deficit, 10% employment, and contracting GDP figures.  Despite these grueling realities, in our opinion here at Notes , the short to medium term outlook on the dollar remains strong.  In the long term, however, we expect a slow, painful dollar demise.  Here’s why:

Yes folks, it’s the “fiscal responsibility summit,” not to be confused with the “fiscal wakeup tour” chronicled in I.O.U.S.A.

We turn to our government for support and guidance, but it seems all it does is disappoint us time and time again. Obama’s trillion-dollar deficit may be the feather that trips the global balance of power.

Well, there was a little more activity in the precious metals yesterday, but gold and silver really didn’t get started until after the London traders went to work.