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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (5361)	3/22/2008 9:58:51 AM
From: Tommaso	Read Replies (2) \| Respond to of 71461

>>Not to mention that history shows us that empires rarely come back after getting on the slippery slope. <<, Maybe not empires, but France, once it accepted the fact that it was no longer a major imperial world power or owner of foreign territory, has transformed itself into an efficient and increasingly wealthy country, generating much of its energy cheaply with nuclear power. Even more amazing is Ireland. The United States has saddled itself with a very stupid government in recent years. But that may change.

To: carranza2 who wrote (5361)	3/22/2008 11:07:16 AM
From: Real Man	Read Replies (1) \| Respond to of 71461

The buck has been dropping for some time. I see a crisis ahead, which should accelerate the drop and make the buck a lot cheaper. This should happen relatively soon - the end in time is near. Perhaps, a year or two, and a drop to, say, 40-50 USDX - the way I see it. Then exports start recovering big time. As for the economy - well, the debt bubble has been enormous, with derivatives on top. So? We are in for some very rough times, but this too shall pass -g- That's an optimistic scenario. In a pessimistic scenario the Fed starts the printing presses and the buck goes to zero. I just hope they know better.