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 (26464)	1/24/2010 10:33:48 AM
From: carranza2	1 Recommendation Read Replies (1) of 71477

Take a look at this if you wish to confirm your views: charlierose.com The problem is that a lot of what has to take or will take place cannot be influenced by Obama or anyone else, really, because the Fed is essentially independent. How are we going to leverage down the trillions which are owed? We can surely curtail speculative bubbles, but the new bubble is a debt bubble and it is the only one that cannot be burst. Some of its air can indeed by let out but only by repayment and inflation. History has shown repeatedly that paper currencies carry within them the temptation to overprint. It is so easy, so simple to do so at the margins. Problem is, the margins never go away, and the printers are tempted. A true proper fix would deal with the fact that paper always grows and its growth inevitably sinks the currency. Unfortunately, it is such a fixed and immutable part of the economic landscape, that any fixes would be rejected because they would appear outrageous. Not to mention that there are lots of powerful interests who would preclude the creation of a self-regulating currency.

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