For now the weak dollar is helping America’s exports. But it is also spooking holders of U.S. debt, whose continued purchases of U.S. Treasury bills allow Washington to fund its deficit spending. Last week, the International Monetary Fund (IMF) announced that the Reserve Bank of India had bought 200 tons of IMF gold reserves, the biggest single purchase by a central bank in 30 years. That pushed the price of gold past $1,100 an ounce, the latest record breaker in a string of new highs, as the market anticipated gold buying by other central banks to hedge against a falling dollar.
Dispatches From The Front 
It would be more helpful to implement progressive changes than bailouts for banks which created the problems of economic crisis. Stopping forclosures and changing the language of “saving” jobs to creating jobs would help much more for main st….