Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (47223)	12/13/2005 3:55:03 PM
From: GST	Read Replies (2) \| Respond to of 110194

I tend not to agree with that post. Our currency -- the US dollar -- is about to be "revalued". And that value means one thing as far as I can see -- it will become increasingly worthless. This will happen because as a debtor nation nobody is going to want a wad of US toilet paper in trade for their goods. The Fed will almost surely try to levitate the US economy by "reflating" -- this will be inflationary fat on the fire. But the fire itself will not be fueled by the Fed. When there are no dollar buyers out there in global lender land, the dollar will tank because our appetite for foreign savings cannot be quenched. Read a case history of a "welfare mother with a crack habit" and you will get a better idea of where our future lies than looking at the normal business cycle. We have debased our currency. Forget the banana republic metaphor -- crack whore trainee is closer to our future job description. We cannot give up the crack. We will pay the price. We are the negative amortization nation -- the subprime economy. Call it want you want. Our sponsors no longer want to underwrite or will not be able to underwrite our grandiose concept of ourselves as the worlds only "superpower".