The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: ggersh who wrote (2623)	11/25/2007 3:36:08 PM
From: IngotWeTrust	Read Replies (1) of 71456

gg...may I share a couple of observations whilst you are awaiting jj's response whom you solicited? USA/We are "exporting inflation"...it was too good to keep to ourselves, regardless of the "headline" numbers which none of us believed in the first place... USA/We are large commodity producers in an alternative fuel starved planet...decent crop prices for the first time in almost 30 years...I should know...I was formerly business manager for a family farm in the late 60s thru the early 80s... We/(USA FR) is/are now monetizing mountains of OUR exported debt. The firesale prices on US debt about to come home to roost was the rest of the global economies'quid pro quo for assigning USA Buck to be the world's reserve currency in the first place...this acc'd to the STILL ON THE BOOKS--ASK A CONGRESSIONAL REPRESENTATIVE IF YOU NEED CONVINCING--Bretton Woods Currency-Accord [end of WW2] and signed off by 56 nations who wanted us to be the big bad wolf so that they--the other 55-- could play in the sandbox a few decades longer. Now, it's time to "recycle the [green] debts back to us," [puns intended] and the Fed Reserve will cancel them. That's how it was done before... ...those are just 3 things that come easily to mind (G) G_T

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