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Politics : President Barack Obama
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To: Road Walker who wrote (114319)5/29/2012 11:07:02 AM
From: RetiredNow  Read Replies (1) of 149317
 
yeah, it's an interesting problem. Flooding the world with dollars devalues the dollar and drives up commodity prices. However, a global slowdown and a flood of debt is making the world a very risky place to be, which means demand for dollars is very high, which has acted as a brake on the devaluation of the dollar. Otherwise, inflation in the US would have already spiked much higher. It will be interesting to see how all this shakes out. This level of global debt and simultaneous currency devaluation is almost unprecedented in history. So the outcome is unknown.
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