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Strategies & Market Trends : The coming US dollar crisis
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To: gregor_us who wrote (24219)11/13/2009 12:54:54 AM
From: benwood1 Recommendation  Read Replies (1) of 71463
 
Excellent post, Gregor... you covered a lot of ground there. My gut feeling is that the reserve currency bit will save our sorry asses and result in the gradual deflation of buying power (i.e. a few percent a year or perhaps even ten percent a year). The headline today underscores the relevance not only of that status, but that we still consume an enormous quantity of stuff and so other countries risk their own rising unemployment should our dollar fall too far, too quickly. Or worse -- global dislocations.

I think the rock and hard place will be in either commodities shooting the moon (and the dollar dropping like a rock) or the Feds allowing the market to set interest rates and having an enormous hole blown in the budget (and the stock market).

I'm thinking of taking all my long term gains before the end of November, because I think the risk is rising -- it's got to be rising -- for escalating taxes next year. The middle class has been looted; now it time to make them pay for it.
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