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Politics : The Obama - Clinton Disaster
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To: DuckTapeSunroof who wrote (73422)6/3/2012 9:08:30 PM
From: Wayners2 Recommendations  Read Replies (1) of 103300
 
It'll will be a race to bottom of fiat currency, every fiat Nation Earth trying to devalue their currencies first to get an non-existant trade advantage. Do enough of it and people lose confidence in the fiat. Debts are so high and history proves that they only know how to print fiat. The key is when do people lose confidence in the fiat. Generally this occurs when there is a dire shortage of foreign reserve currencies in the home Treasury and there is a run on the currency, like we saw with the Thai Baht in 1998. I run on the Euro would/is clearly happening now.
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