The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Dan3 who wrote (80390)	3/27/2007 8:08:50 AM
From: westpacific	Read Replies (3) of 110194

Crash the dollar, cut the debt. If dollar index goes from 80 down to 40, the debt also gets cut in half.......... Get ready to shaft the retiree and saver - for the debt holder and credit spender. Remember that means unless you double your current savings and make also 6% a year to keep up with inflation - you are standing still. A declining standard of living and future retirement. But this is OK as there are very few savers in the US anymore, so why not. Paycheck to paycheck is what the banker prefers. Plan on being a little poorer. Do not expect this overnight but within the next 5 or so years. All part of the plan to shift wealth to the few - get used to it. A cheaper dollar is great for corporations doing exporting, but ask what will it do to those import prices from China! We will pay everyone back, in massively devalued dollars..... Also the lower the dollar goes, the more attractive it is to attract investment capital, they will be buying up America. Get hedged, other currencies, alternative investments, gold, oil.......... John posted: ""Yeah but who gets wiped out? The savers or the borrowers? Those in dollars or those in hard assets?"" West posted: The saver gets wiped out........hard assets, what has gold done the past 5 years - 600% or so. What has the dollar and DOW done. End of question. West

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