Moti Bassok, Dafna Maor and Eytan Avriel, Haaretz Correspondents: Markets fear central bank's buy of dollars won't stop U.S. plunge
Talkback
Title:How absurd
Name:Mark Lincoln
City: HoustonState: Texas
Israel couldn`t buy enough dollars to stop the plunge.

The plunge is the result of 7 years of runaway deficits and trying to pay for two wars and a massive defense build-up by cutting taxes.

There is nothing Israel can do to remediate the consequences of that kind of idiocy.

The magical "market forces" believed to be the answer to every problem by modern America have kicked in finally.

The result will be a greatly devalued dollar, the end to the dollar as the world`s reserve currency, and those nations who peg their currency to the dollar cutting loose.

"Deficits don`t matter."
- Dick Cheney, 2001