This week, US treasury officials are off to China to try to arrange an
orderly decline in the value of the dollar. Up to now, the Chinese
currency has been locked in with the dollar, but they are now going to
dump dollars in favour of a mix of currencies plus gold. Although the
dollar has dropped 40% against the Euro, you wouldn't notice it at
Wal-Mart, the Chinese outlet. It's only if you wanted something from
France or Germany that you would feel pain, and even Canadian holidays
are not the bargain they once were.
There seems little doubt that the US government is going to try a
controlled inflation of the currency to patch over its money troubles
and hope that the slide doesn't turn into a rout as it has in other
countries (Argentina, Brazil, Zimbabwe, Russia, France, Mexico). Prices
of radios are going to go up. The question is: how fast?
Armed with this foreknowledge, I bought a few ICF-S10MK2 radios from
Amazon (free ship) while I could still afford to. OK, call me a
cheapskate, but many a mickle maks a muckle, and lang may your lum
reek.