Politics of Energy 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.

Politics : Politics of Energy

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Brumar89 who wrote (7657)	4/26/2009 11:13:55 AM
From: koan	Read Replies (1) of 86356

>>Plus they're not buying T bills anymore so they need to invest in something.<< I agree. And I think the Chinese are correct to worry about a deflating dollar their having 2 trillion of our dollars. There was an article recently that pointed out during the great depression the only contries which pulled out of it were those countries which devalued their currency. I expect that we will devalue our dollar by about 50% over the next two years. I also think the Yuan will rise, so China is smart to dump the dollar for a basket of currencies, gold/silver, hard comodities and IMF "special rights"? (sic-not right word) which is a basket of currencies. FDR immediately devalued the dollar by 46% raising the price of gold from $22 to $35 and we started out of the GD. Australia and New Zealnad did the same. Italy and france waited until 1936 and they stayed in their depression.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next