It is nonsensical for the deficit-ridden U.S. government to subsidize corn-derived ethanol while imposing punitive tariffs on imports of Brazilian ethanol made from sugar cane.
The sanctions for misbehaviour were not credible: to threaten a deficit-ridden country with huge fines is like chastising a man hanging on to a cliff by treading on his fingers.
The Swiss franc has rallied over the recent quarters as just about the sole European alternative to the 17-nation single currency unit whose weaker deficit-ridden nations have raised angst for the euro.
Likewise, Soros, like others, has studied the fate of the dollar in our deficit-ridden, debt-laden economy and decided that the price of gold was going to rise in value as the globe lost more and more faith in the dollar.