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 (20902)	6/21/2009 4:15:55 AM
From: axial	Read Replies (3) of 71456

If events follow the course you have laid out, then the outcome will be as you predict. It's a self-fulfilling prophecy. But many nations including the US have previously incurred debt, without necessarily incurring Zimbabwe-type hyperinflation. So does debt = inflation? No, not necessarily. It's a question of whether the debt can be serviced and repaid... a question of degree. --- TRIG: "If the US decides to impose Draconian measures by reducing expenditures, increasing productivity, lowering the standard of living and accelerating repayment, it can return to economic health --- in time. The question is whether the political and popular will exists to take the necessary steps." GST: "Draconian measures will not come from the US. Draconian measures will come from a world no longer willing to trade their goods for our debt on our terms. Their terms will be far more demanding -- especially as they now see us as in default." --- Both are hypothetical futures. Mine is stated as a possibility, yours as an absolute certainty. Either way, Draconian measures are the outcome. Jim

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