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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

-1.8%

Nov 14 4:00 PM EST

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To: Archie Meeties who wrote (60731)	2/5/2010 2:54:37 PM
From: carranza2	Read Replies (1) of 217813

But the notion that there is some sort of default risk on the USD is and has been a ridiculous notion. Oh, I agree with that. But that does not mean that the value of the USD will remain stable. Our enormous public and private debt, not to mention the increase in the money base, guarantees that its purchasing power will decline over time. The likelihood of default is definitely not the only metric. Look at the increasing costs of insuring against sovereign default [hat tip to Real Man]: markit.com

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