There are some who are saying Obama may have one the peace prize, but he gets to prize for the economy.  Of course there will always be the naysayers and those that jump on the bandwagon, nothing new there.  But let’s do a quick sum up.

• China is buying Gold in droves
• The Middle East is moving away from the dollar
• Central banks are moving away from the USD, toward Euros and yen.
• World leaders are being urged to move away from the USD… while
• Obama is tolerant of our weakened dollar as they strive to boost exports
• America’s currency has been under attack and the Treasury is “putting a finger in the damn” by selling debt to finance deficit.
• Foreign companies are saying they are getting hurt because of the USD continued weakening.
• The economies of both Japan and Europe depend on exports that get more expensive whenever the greenback slumps.
• The world is flush with dollars, but they are buying less.
• The forecast of 40 economists ist he USD to end the year changed little at $1.47 per euro.

What the future actually holds is anyone’s guess, but there is no way to avoid knowing that the world is changing and the economic powerhouse that was once America, has some chinks in its armor.