The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (12034)	9/29/2008 3:09:24 PM
From: Tommaso	Read Replies (1) of 71475

There's no way out for the United States except debt renunciation. It appears that's going to be by dollar devaluation and inflation. But there will be competitive devaluation (China recently cut interest rates), so even with a serious world-wide recession agricultural commodities should do well against most everything else, and oil ought to bounce back. Americans will go right on driving with gasoline at $8.00 a gallon. Maybe not as much, but they can't give it up. I did add 30% to my gold position this morning at the open (CEF, because the premium didn't seem so bad any more).

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