The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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From: Real Man	11/8/2007 6:54:35 AM
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Although the peak oil may indeed be real and something new, history provides a rather grim answer on the surge in alternative fuel technologies. Typically such technologies have been in place (say, fuel from coal) in countries that run their currencies into the ground and are thus priced out of the global energy market. Nazi Germany is one example, Apartheid in South Africa is another example. US dollar is still the world #1 reserve currency, even though we may feel that this is no longer the case, so the Fed/Treasury "currency tweaking" becomes global in nature. So, my question is: Are we REALLY in a new era here, or is it the same old? I believe it's the same old, but I'm sure a few folks much smarter than me don't share these beliefs and think "peak oil" is real.

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