China Warehouse- More Than Crockery 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.

Strategies & Market Trends : China Warehouse- More Than Crockery

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RealMuLan who wrote (4863)	5/23/2005 5:18:11 PM
From: regli	Read Replies (1) of 6370

I think that a backed currency would be taken much more seriously even while developing strength. The dollars fall has and will undermine confidence in fiat currencies in general. There was a good point made yesterday in one of the articles on Mish's thread: Message 21349601 "The Economist has recently noted the scale of such potential losses. At the end of 2004, it estimated that over the past three years the decline of the US dollar was 35 percent against the euro and 24 percent against the yen, with the stock of dollar US assets held by foreign investors standing at $11 trillion.“If the dollar falls by another 30 percent, as some predict, it would amount to the biggest default in history: not a conventional default on debt service, but default by stealth, wiping trillions of the value of foreigners’ dollar assets.”" If the dollar should fall by another 30% or so, it will be extremely difficult for any country to establish a reserve currency that is not backed by something and most likely gold to assure investors that they are not taken for a ride.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next