The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: GST who wrote (20764)	6/10/2009 8:52:33 PM
From: skinowski	Read Replies (1) of 71463

Nobody will ever grasp this dynamic so long as it is assumed the dollar is a stable store of value I think that more and more people are becoming increasingly aware that the USD is not all that terribly stable, and will in all probability, courtesy of the US government... not last forever. That said, in the meantime, it seems entirely possible that the dollar may go through a period of time when it may be significantly more valuable than it is today. I don't remember where I read it, but at the bottom of the decline last March - between the losses in real estate values and the (collective) capitalization of equities - the total wealth loss in dollars amounted to tens of trillions. That dwarfs all the bailout giveaways up to date. People are willing to work for less. Jobs are scarce. As defective as our dollars are, they are becoming harder to come by - unless the person is in the front row among the recipients of government's largesse. The deflationary - in dollar terms - story is probably not yet over. My personal "alarm clock" is when gold will begin to make new highs. At that point I'll have to get nervous.

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