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 (16499)	1/21/2009 9:29:51 PM
From: Gary Mohilner	1 Recommendation Read Replies (1) of 71456

I don't know of a time in our history other then perhaps the Great Depression where more money was destroyed. If money is created by real estate, stock and bond prices rising, it has to conversely be true that money is destroyed when real estate values go down, stock goes down, companies both publically or privately owned go bankrupt. I suspect the govt. could print trillions of dollars and not come close to equalling the value of all the real estate, stocks and companies that have gone belly up when they were at their peak. I certainly don't know that much about economics, but then I strongly don't believe it rightfully is a science. To me, in science the scientists generally reach an agreement as more evidence comes in. In economics, the greater the number of economists polled, the greater the number of opinions no two of which are precisely alike. To me it's pretty clear that the worlds economies are hurting, and the worlds govts. need to work to spur the economies worldwide. Certainly America is a leader, but we need to have international cooperation to not drag this into a full blown worldwide depression. Gary

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