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Strategies & Market Trends : The coming US dollar crisis
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To: benwood who wrote (19937)4/23/2009 7:33:14 PM
From: GST1 Recommendation  Read Replies (1) of 71454
 
I agree completely about life in America -- the wild card is what life will be like in other parts of the world. On that score I am not so clear. We are so accustomed to seeing the world as a pale reflection of what we are doing at center stage. I believe others will move to center stage and we will more and more come to see ourselves as living in a complex and fragmented world -- one where we are no longer are the dominant actor. We won't live by selling paper assets to the Chinese -- we will have to find other ways to make a living. If we fail to do that, it won't just be a matter of not wanting to spend money -- we will be too broke to matter. We need to ask ourselves what we have to offer the world that it will pay for -- and the answer won't be treasuries.
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