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Strategies & Market Trends : The coming US dollar crisis
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To: SARMAN who wrote (1188)9/28/2007 3:01:03 PM
From: Tommaso  Read Replies (1) of 71454
 
>>>would the dollar be worthless?<<<

If the dollar is worthless, then gold is worth an infinite number of dollars. Why did you stop at $1,000?

For a more serious guess, I am now awaiting delivery of the economic history of France that I ordered. The successive devaluations of the French franc through much of the 20th century might offer some clue as to what the U. S. might be embarking on. France was, during that period, a formerly great European power still full of presumption as to its importance in the world. It was very far from being a close parallel to the U. S., but there may be enough similarities to make some estimates. France did in fact have its own Vietnam war, literally, which it lost, and then a protracted involvement with Algeria, which it finally had to abandon, coming close to civil war in the process (late 1950s).
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