[J. Abizeid]

Originally Posted by J. Abizeid

Such bad news for the dollar are totally ignored by the media until the Olympics party is over.
Once the dust settles, we’ll see a different picture.
They are not even making a big deal out of the Georgia war. Oil is still down. What happened to speculations? Not needed for the time being………

Oil jumps $5 on US-Russia tensions, sliding dollar: Financial News - Yahoo! Finance
Oil jumps $5 on growing US-Russia tensions, sliding dollar, worries of OPEC output cut
Today, the euro reached $1.4895 as a result of the real bad economic news that are finally sinking in concerning F&F government bailout that will require printing more dollars and devaluation it.
Although the Olympics are not just over yet, a boost in oil prices is needed in order to dampen the dollar slide. So, all of the sudden, we see the market manipulation using scare tactics that they didn’t need to use last week when the Chinese dollar bailout was still in progress.
It’s ironic how, all of the sudden, they noticed the Russian conflict and used it for oil price manipulation.