Continuing on my sinking dollar theme...

Bill Gates is doing it. In addition to Gates, there was an article in this weekend's Wall Street Journal, "Betting Against the Dollar (If You Dare)," by Craig Karmin (article, at this time, is only available for wsj.com premium subscribers) which described some of the risks involved in the currency market and pointed to one firm, EverBank, that was allowing individuals to open USD$2,500 min savings accounts and USD$10,000 min CDs in foreign currencies with a 0.7% fee. Seems a bit steep and I bet there're others out there. Made me tangentially think about the wording/tone of the article's headline (was it trying to dissuade people?) and why only one company was mentioned (kickbacks?). Also, there're two mutual funds (introduced last month) from ProFund Advisors - the Rising U.S. Dollar ProFund (RDPIX) and the Falling U.S. Dollar ProFund (FDPIX).

I'm still a bit worried about the prospect of OPEC tagging oil prices to the Euro instead of the Dollar, since that'll indicate the decline of the Dollar. Economists say that if the Dollar declines in this manner, it'll eventually make US goods cheap enough for export. We don't manufacture anything here anymore though. Turn your Wal-Mart purchase upside down / inside out and look for the origin of manufacture label for proof of that. When the Dollar becomes cheap enough for an export market, will we return to economic prominence or will that road be marked by an influx of cheap labor from Mexico and leave fat Americans crying for more social services and protection from the government?