In Asian markets, gold went over $1,900 per ounce.  The U.S. dollar continues to fall against most Asian money.

Even in Burma the U.S. dollar hit a ten year low. Nobody wants the worthless money: “Despite the falling price, most of the customers are selling their dollars.”-a foreign exchange dealer in Tamwe Township in Rangoon.

The reason for the exploding gold prices, and crashing U.S. dollar, is because many international market players believe the Federal Reserve Bank will try to stimulate the U.S. economy, by making credit easy, and printing more worthless dollars.

Here’s a little lesson in the concept of value: The more there is of something, the less it’s worth.  So, if a country prints off money like there’s no tomorrow, and that money is already worthless, how do you think the world is going to react?

They’re going to react like they already are; buying gold and dumping U.S. dollars.

The Japanese central banks are trying to stop their yen from rising in value (which hurts their export economy), so they’ve been flooding their markets with cash.  But the U.S. dollar is so worthless that it continues to fall against the yen, which pushes up the value of the yen.

Even the Australian and New Zealand dollars are now worth more than the U.S. dollar.