It's right there on the border of sanity

<![CDATA[John Robb’s Weblog:

Newsmax. The weakness of the U.S. dollar is no accident, billionaire George Soros says – it’s the result of Russian and Middle East oil exporters switching some of their oil transactions from dollars to euros. Where’s the tipping point on this?

John asked, so let me just say: It’s right at the moment the Chinese and Europeans decide they want to punish the United States without a war. The oil states are already shifting business from making oil to using it at a lower cost than they sell it (that’s why the Persian Gulf is the home of the most new airlines), but they’ll happily gut our economy if the price is right and the spoils ripe for the plucking.
NewsMax tries to blame Soros, who is prepped to take advantage of any currency move, not just dollar moves, but the blame lies with the ham-handed foreign policy of the Bush Administration. The president and his cronies make more enemies in a month than the previous 10 presidents made during their entire terms.]]>