2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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

GLD 368.29

+0.6%

Nov 7 4:00 PM EST

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To: carranza2 who wrote (75217)	6/14/2011 5:55:19 AM
From: Maurice Winn	1 Recommendation Read Replies (1) of 217588

C2, the dollar crisis has already been. Not entirely, but with the might $kiwi at US83c instead of US50c, that's a considerable acceptance of the crisis. Especially so when the debts and fiscal disaster of NZ's financial position are considered. Most people have now heard of the problem, many have an inkling of the cause and size of the problem. Before the housing bust, the mantra was "house prices only go up", "be in to win" and the like. People who wrote rants such as "I am a mindless Zombie" years before, were ignored as loons. Now, the housing bust has happened and it's conventional wisdom that house prices do not always go up. A similar process will happen with the US$. First, there was hubris, "nothing can catch us now", but now there are few who are unaware of the problem which helps make the problem go away because everyone is well on the way to adjusting to the new conventional thinking - the US$ is doomed. By marking it down so far already, the problem is reduced; there is less distance to fall. But zero is always an option, and a politically popular one at that. Mqurice

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