The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: axial who wrote (20926)	6/22/2009 1:11:06 PM
From: GST	1 Recommendation Read Replies (1) of 71455

Hi TRIG -- Japanese financed their own debts -- and they had plenty to spare to finance our debts as well. China, along with oil producers now do the same thing -- they finance their own debts plus ours. These are the world's creditor nations -- the ones with money in the vault. The US on the other hand cannot finance its own debts, much less finance the debts of other nations. We are the big time borrowers of the world. When you compare the big time creditors, like Japan and China, to the big time 800 pound borrower of the world -- that being the USA -- you just end up in a state of confusion. You seem like a really nice guy. I wish you well. But please go back to the drawing board and ask yourself what difference does it make when a country runs massive government deficits while simultaneously running a giant current account deficit. Once you do that you will no longer be inclined to compare the US and Japan, much less draw conclusions about where we are on the path to seriously destructive inflation.

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