The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (25263)	12/7/2009 7:02:01 AM
From: axial	2 Recommendations Read Replies (1) of 71463

Thanks, Vi. I'm less concerned (right now) with the immediate effects of monetary policy. The crash was averted, and so was instant uncontrolled deflation. I'm more concerned about energy costs and reckless growth forecasts for the next decade - and beyond. Concerns about distortion and perversion of capitalism accompany that process, but are secondary. Nevertheless, it stands to reasons that mis-allocation of capital (diversion from the economic virtuous circle) will hinder, not help. The world we have known was a blip in time - an era of abundance without historical parallel. The primary driver was unlimited access to cheap and abundant energy - not any "ism". Forward bets are based on the fact that globally most people haven't accepted the truth that the energy deficit won't be made up at an ecological or monetary price they can afford: that the world is ill-prepared for what's coming. The implications for economies and geopolitics are clear. However, we still live in a time when people who've known nothing but abundance and excess can imagine what is coming. Denial runs deep; that extends to economic forecasts, and everything that flows from them. Jim

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