Homestead mailing list

[Don Bowen KI6DIU <don.bowen AT earthlink.net>]

At 10/4/2007, you wrote:
> http://www.thetrumpet.com/index.php?q=4288.2525.0.0

Very good and covers most of the high points.  The dollar paused in its 
tumble over the last few days but appears to be resuming a free fall but it 
is much too early to tell.  Several countries have started dumping dollars, 
most are small holders such as Vietnam but some are large holders such as 
oil rich Qatar.  China has been slowly reducing its holdings while Saudi 
Arabia is looking to cut loose its connection to the dollar.  Venezuela and 
Iran are accepting Euros instead of dollars for oil purchases.

The falling dollar and the growth of the Chinese economy plus Southern 
Hemisphere drought has well more than doubled the price of wheat to 
$9.21.  Oil is back over $80, gold is headed to over $750, but corn is 
starting to slip.

Corn is still way up but the promise of ethanol is turning out to be more 
an alcohol induced dream.  Plants are being built and tax credits are 
flowing to the blenders but the transportation system is not able to keep 
up and high gasoline prices are having an affect on the American consumer.


Don Bowen              Awl Knotted Up                       KI6DIU
http://www.braingarage.com