How to Profit From the 10 Biggest Wall Street Lies of 2009

#9 The U.S. Dollar is Dead

Monetary neurotics, led by the polite, appealing and economically brain-damaged Ron Paul, believe the U.S. dollar is dead because of our growing
debt and the Fed running the printing presses, which must lead to inflation, which, in turn, will kill the dollar. Recent falls in the dollar seem
to confirm this, uh, shibboleth (look it up again) of the monetary right.

In actuality, though, the dollar is no weaker than it was a few years ago. And it is the only currency in the world for the foreseeable — and I
mean long-term foreseeable — future that can serve as a reserve currency due not just to our economic and political power, but our political system.
We pay our debts. Ultimately, Japan will default on theirs and the EU will continue to argue within itself about debt levels and inflation, making
eruo currency unpredictable.

Lesson for investors in 2010: The dollar will turn — and when it does, commodities will fall.

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