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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST
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To: TobagoJack who wrote (76281)7/12/2011 10:38:53 AM
From: carranza2  Read Replies (2) of 219224
 
Much there to consider.

I suppose the most salient point is that every country wants to beggar its neighbor in order to obtain competitive advantage via cheaper currencies.

The German banks might take a hit, but the German exporters are undoubtedly salivating at the prospect of the Greco-Mediterraneo-Gaelic wastrels keeping the Euro down. Of course, they don't want them outside the fold.

But it is a game that cannot last for it creates inflation and false prosperity and serial bubbles which serially burst, as we have seen in the last 3 years and are currently seeing. Plus, it's a game that creates a dissolute society, one that makes its profits from paper, not from production and the wise use of capital. Capital itself is mal-allocated in this beggar thy neighbor scheme. Subprime was a prime example.

The commodity currencies will (and have) done very well.

And, of course, the commodities will do very well, too, as demand for them surges.
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