Intervention!

I have to believe that if the administration has any sense, they will instruct or “allow” treasury to organize the undertaking of an exercise (responsibility obfuscated enough there?) to punish speculators who are selling the dollar imminently. There have started to be some musings about this in the press. The selling point for the cowboy administration is that we take down those America haters who seek to profit from selling the dollar. Even that could be sold to ‘let the dollar go to get the manufacturing vote’ W. And lined up on that side are the Fed, the Saudis, the ECB, the Japanese and most everyone else, even the Canadians. On the other side is Soros. Think they can justify a quick and painful intervention? Will they wait until volume declines with the upcoming Thanksgiving holidays? Why bother? Just do it.

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