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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 385.99+1.6%Nov 12 4:00 PM EST
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To: TobagoJack who wrote (27112)12/30/2007 11:42:44 PM
From: KyrosL  Read Replies (2) of 217738
 
The biggest argument against monetary collapse is globalization. The very process that you see around you in China is what makes monetary collapse a very unlikely event, at least in the foreseeable future.

Globalization brings about unprecedented productivity increases throughout the world. My guess is that we have two or three more decades of rapid productivity increases to go. As long as there is rapid productivity increase, there is little incentive for the officialdom to devalue the currency more than their usual low single digit percentage per year.
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