The US government failed to support the US$ for several years -
the idea was to sell more "cheap" exports outside the US - but
with the rest of the world economies in the toilet, it did not work -
plus people like Bill Gates and George Soros bet against the US$
by shorting the dollar - when this does not work, they must cover
their short positions - the NO vote in France and the anticipated
NO vote in Holland appear to be the triggers that move the US$
up and cause the short positions to cover - further driving up the
value of the US$. Personally, I believe the US$ will reach parity
with the Euro by the end of 2005. Order your gliders now, or
prepare to buy back the used gliders that went overseas while
the US$ was hammered down. Most do not realize that a couple
years ago it took 1.18 Euros to buy a US$ - a few months ago
I beleive it was 1.38 US$ to buy a Euro - that is a change of
~50% - in other words a glider price went up (for US buyers)
double (2X) - a 100K glider became a 100K glider in US$.
A few years ago Soros made $1 BILLION in a 24 hour period
by shorting the British Pound. It appears he lost his butt on
his US$ play - Gates as well. Good news for US glider pilots.