Why the Slumping Buck is Heading Us Straight for US$4 Gas

Are you one of thousands of Americans who thinks the dollar drop doesn’t really affect you? Somehow I doubt it, if you’re one of our readers. But I have to tell you, there are plenty of Americans out there who feel completely detached from what’s quickly becoming an outright dollar crisis. In fact, I love it when Americans say the “falling dollar isn’t affecting me because I never travel outside America.” My response is…do you buy oil, gas, gold, silver wheat, soybeans, etc…or any products derived from them? If so, then you’re affected by the drop in the U.S. dollar whether you ever go to Europe and “exchange for euros” or not. Ben Bernanke has even fallen victim to this. Many economists don’t understand it, so certainly Main Street investors don’t either. However, whether you realize it or not, a falling dollar is bad for most everyone, especially Americans…even the ones that don’t travel internationally or make purchases internationally directly. Get ready for $4 gasoline this summer. SEAN HYMAN, Currency Director THE SOVEREIGN SOCIETY OFFSHORE A-LETTER