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Strategies & Market Trends : The coming US dollar crisis
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To: philv who wrote (20940)6/23/2009 12:39:00 PM
From: Nevada99992 Recommendations   of 71456
 
In anticipation of criticism of the Green Shoot economic model I will add these additional details for consideration:

High unemployment has traditionally been a negative for an economy. However, no nation has ever achieved 100% unemployment. Once everyone is on food stamps with no income, all opposition to raising taxes abates. At this point congress will raise taxes aggressively to control the budget deficit. Foreigners will applaud and buy US bonds aggressively. This will reduce consumption in their nations and weaken their currencies, strengthening the US currency. There will be a new Bretton Woods meeting, the Bretton Paper Summit. The US Federal Reserve Note will be retired and superseded by the US Food Stamp Note which will be the new world reserve currency.
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