U.S. Dollar: a Valley Between Mountains - notes to Eric Massa on Daily Kos live blogging, 12/11/2006

Eric - In this environment you describe we face financial troubles unprecedented in our history. In 1929 we faced uniform financial disaster across the world economy. Today we see the dollar sinking as the Euro and the yen rise; that is, the world economy is beginning to sink in the center (U.S.) and rise in the East - china And Japan - and Europe. The dollar has held its stability in spite of deficit because of our tradition of stable government. Today, Germany and the EU are beginning to look like the stable tradition and it has become clear that our government can be sytematically hijacked by so very few deeply funded lobbyists and aparatchiks. - Bernie Quigley