actually, the dollar is backed by oil, but since china, russia, eu, saudis have so many dollars, they can call some shots, since the dollar is the global reserve currency of the world.
this is a trick of the banksters as well and it started with inflating the currency and creating too many debt insturments as part of their bigger picture, to drive america into the dirt with debt and hook us, so when banksters of other nations decide, they can call the fed to collect on us when they want..... that's what this is, but they'll never admit to what's going on.... becasue they are bought by the money and wont break ranks, though a few conressmen are speaking out and it is refreshing to hear them say this bailout bill is pushing 100s of billions into the hands of foreigners and has nothing to do with us..... I see alot of commercial construction going on around nashville and suburbs....who says liquidity has dried up???? I don't see it on a local level..... maybe housing market is tough, but that's only one sector in a vast global empire.....
I think this is all consolidation of banking to get us ready for a big change coming.....just like the media consolidations, we now have the big 3? of banks running the show, but I guess they had to first work on the media consolidations first to get us all brianwashed and controleld, now it's banking.... what next? Chinese come over to take over all those abandoned houses the government buys to keep chinese from dumping our dollars.... what kind of deals are they making behind the scenes??? This I know, they must be desperate, becasue the chinese, russians and saudis do hold a whole lotta frns, all the while, we have pumps up in prudoe bay alaska keeping billions of barrels of oil in the ground and from us..... if we let that oil flow, the saudis run dry, the chinese buy saudi oil, the chinese currency goes up, products made form china skyrocket, our dollar goes down, but oil is cheap again and the dollar is'nt worth a whole lot at walmart anymore, then we begin to manufacture here at home again....... and so the global economy becomes a thing of the past....would be nice, but the elite have other plans and like someone said, you can;t even trade fundamnetals in this manipulated market......