USD Falls as Default Approaches
One might think that it is a Forex conspiracy revealed as the USD falls as default approaches on United States sovereign debt. There is a stated reason for House of Representatives blocking a new budget and threatening to let the United States default on its sovereign debts. It is allegedly all about Obama Care, the health insurance program intended to guarantee health insurance coverage to all Americans. The stated complaint is that everyone will have to sign up and pay for some sort of health insurance. Because a small group of politicians do not like the law they are apparently willing to wreck the Federal Government rather than let a law that was passed by both houses of Congress and signed by the President take effect. Well, here is a Forex alert. There could well be more than meets the eye to all of this. Is this really a Forex Conspiracy? We could not conceive of a better plot for a Cold War spy novel by the recently deceased Tom Clancy. . . Hidden behind a lot of political posturing is a plot to bring down the US dollar, the international currency trading system, and international commerce. . .