A 50-State Katrina

Link: Over the Top Fed Actions Feed Conspiracy Thinking | Corporate Accountability and WorkPlace | AlterNet (for the title/tagline read the whole thing).

"Regardless of what the Fed does, the dollar is going to keep going down," Schiff agrees. "If the Fed keeps doing what it is doing, it won't make it out of this as a functioning currency."

"I'm sorry to tell you this," Palast adds, "but higher oil prices and weak dollars is not a failure of policy. That is the policy. Clinton had a strong dollar policy and Bush hated it. The weak dollar is a way to temporarily hike exports to create short-term pretend juice for the economy. But the weak dollar also made it easier for foreigners to buy up U.S. assets. The capitalists are cashing out of America. They're keeping condos in New York, Palm Beach and Malibu, but their investments are where the returns are fatter: Malaysia, China, India. A weak dollar helps the transfer of capital ownership."