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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 378.35+2.7%4:00 PM EST

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To: TobagoJack who wrote (57891)11/15/2009 3:42:25 AM
From: energyplay  Read Replies (1) of 217649
 
The US doesn't need Thomas Jefferson, it needs an Eisenhower or George H W Bush. Someone to push the budgets towards balance, manage foreign affairs, do a few key initiatives (like the interstate highway system, allowing commercialization of the internet) and ALLOW things to work out and markets to clear.

I would not look for a straight forward defult on the USD, a roughly 25-40% decline over the next 5-7 years will work things out.

Who wins and who loses if the US Dollar drops to zero ?

Losers -

Japan
Canada
China
UK
South Korea
Mexico
and many others

Winners -

Russia
Iran
Norway

That is a list of friends and not friends, except for Norway.
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