The coming US dollar crisis 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 : The coming US dollar crisis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Real Man who wrote (10728)	8/27/2008 7:13:11 AM
From: philv	Read Replies (1) of 71463

"The current account deficit will be dramatically reduced in case of serious US recession (we don't buy foreign stuff)." That is probably true, but to a point I think. A serious recession means an economic slowdown, which affects not only the US but the rest of the world. It will result in job losses and more bankruptcies. That could spin out of control as people are forced to rely on government for entitlements for support. It would also result in less taxes being collected by the FED govt. with obvious implications. So to me, the net benefit of a serious US recession is very uncertain. Continued inflation in denial is the best course, as slowly money is taken from savers to pay the debt. Its a form of taxation without calling it that. And no blame is attached all the while the frog is slowly being cooked in the pot. That way financial institutions can thrive, continue to make "creative" loans, and the government can finance all the foreign wars it wants. Inflation seems to the way to go as it has been from the beginning. The best part is that the US dollar need not suffer alone, as the rest of the world is more than willing to jump into the same pot! <g>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next