Clown-Free Zone... sorry, no clowns allowed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: patron_anejo_por_favor who wrote (136068)	11/28/2001 5:37:41 PM
From: Don Lloyd	Read Replies (4) of 436258

patron - From hb's post - "...foreigners hold some 2.3 trillion dollars, which is the accumulated foreign debt of America, a result of the ever growing, and by now obscenely large, current account deficit. these dollars are in essence worthless IOUs. how can that be? imagine for a moment what would happen if these dollars were to attempt to return and be exchanged for REAL US resources, which they represent a claim on. it's really quite simple...the debt would be repudiated if that were attempted. it woulbn't be the first time either that the US effectively defaults on the "promise to pay". anyone remember Nixon's closing of the 'gold window'?..." Can you interpret this for me? I haven't found Heinz to be wrong often in the past, but when a dollar is held these days the only promise that I see is that its purchasing power will drop by 95% or so every century. Is it really likely that a repatriation of dollars can compete with the inflation of the money supply and the asset bubbles that the FED is able to accomplish all by its lonesome? Regards, Don

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next