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Politics : President Barack Obama
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To: RMF who wrote (50246)2/8/2009 11:07:50 PM
From: LLCF  Read Replies (3) of 149317
 
<DO think the USD is eventually going to take a hit, but I don't think it's really going to get trashed. Not that the U.S. is doing that great, but the fact that nobody else is doing that great either and money has to go somewhere.>

Could be... but:

1.) There is NO OTHER country that could possibly see the selling pressure on their currency possible with $US simply because there is no other currency where so much is being held by so many.
2.) There is no other country in so much debt, government, companies, and the population. So it's not a matter of foreigners being willing to hang on to what they have... but they must continue buying more, or the dollar will fall.
3.) According to one school of thought the inflation has already happened (the money has already been printed) and will be reflected in local prices sooner or later.

Dollar crash is done deal IMHO.

DAK
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