Andy Jordan, WSJ, produces a horror story of Iceland after the financial crash. This cautionary grimness looks like California, Arizona, Nevada and Florida with glaciers. And the collapse of the Iceland krona currency describes the pending collapse of the collapse of the American dollar. When Dollarland becomes Iceland. I do not hear from my professionals that we can turn the ship of state soon enough to avoid sailing off the edge of the world. John Tamny routinely reminds me that the price of oil does not go up, the dollar sinks against other critical currensices, such as the Euor and the Yen and especially the Yuan (Renmimbi). The Bush adminstration was reckless, stupid, unteachable on the dollar, yet they look like cautious cronies compared to the Obama team. Source tells me that the future is very sound for Asian currencies, specially Japan and China, and it is not unrosy for the Euro. But buying in dollars will be rough. Iceland is our future, or our nightmare of a future, can't decide now.