SI
SI
discoversearch

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.
Gold/Mining/Energy : A to Z Junior Mining Research Site
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: 4figureau who wrote (3054)1/31/2003 4:23:49 PM
From: Jim Willie CB  Read Replies (1) of 5423
 
Bonner has some interesting comments about dollar-bonds

The government can "produce as many U.S. dollars as it
wishes as [sic, at] essentially no cost," said Ben Bernanke.

What Bernanke meant to say was that the he and other Fed
governors could control the supply of dollars. He failed
to mention what they could not control - the demand for
them. Was it not obvious that demand would go down -
eventually - since supplies have gone up for so long?
And then, we curse ourselves because we forgot to get
out of the dollar when the getting was good. Now, it's
not quite as good - because demand for dollars has
already dropped sharply since Bernanke let the cat
out of the bag.

But at least we, as Americans, still keep score in dollars
...we pay our taxes, tuition and medical insurance in dollars.
Think of the poor foreigners who hold somewhere between $3.7
trillion and $9 trillion (we know the gap is cosmic...we have
seen both numbers reported and have not yet been able to
reconcile them) in U.S. dollar assets. While we fret and
regret...these poor saps must sweat and lose sleep. Imagine
the hedge fund manager with a billion in U.S. dollars.
He's lost $100 million or so - on the exchange rate alone -
in the last year. Every day, another few million evaporate.
How long will he stand for it?

"The real collapse of the dollar is coming soon," says Dr.
Kurt Richebacher.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News