The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Robert S. who wrote (15001)	11/26/2008 3:29:25 AM
From: axial	1 Recommendation of 71477

This is the key: "The catalyst will be foreign creditors fleeing the dollar for gold. That will in turn lead to global recognition of the need for a vastly more disciplined global financial system and one where gold, the "barbarous relic" scorned by most modern central bankers, may well play a part." It could be gold, but it doesn't have to be. It could also be a return to fiat money with revalued currencies, but as the article notes, "more disciplined". Fiat money and intervention gives governments more options. --- How long would a US dollar crisis last? How long would a locked-up global financial system be allowed to persist? By definition a crisis is transient: a period of time. It passes or it all ends. However, nobody is predicting the end. There could be a transitional stage. It'll get really ugly, but eventually there'll be change and something different. Between now and then is the hard part. Jim

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