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

To: ggersh who wrote (5698)	3/31/2008 12:38:56 PM
From: SG	Read Replies (1) \| Respond to of 71463

Is this a time to buy more gold stock (I have AUY) or do you think it will continue to fall? SG

To: ggersh who wrote (5698)	3/31/2008 1:10:47 PM
From: Real Man	Read Replies (1) \| Respond to of 71463

Soviet Politburo tried fixing prices instead of running a market economy. This can last for some time, as it did, but eventually it ended with extreme shortages, a collapse of the Soviet Union, and all independent currencies of former Soviet republics adding a few zeroes. The Russian Ruble added 4 zeroes in the 90-s, if I'm not mistaken, the real GDP was cut in half or more as Russia fell into post-Soviet depression. I'm not sure the real GDP of Russia is back to 1980-s levels even now. A dangerous path. In US case, the current path leads to prosperous speculators at the expense of the real economy that continues a death spiral. Eventually speculation takes off in commodities, as it did already, and the dollar dies, slowly but surely. The death of the dollar over the last 5 years has been quite extreme already for a developed nation. At the same time, US manufacturing continued to linger or decline. I guess more to go. If these policies continue, a lot more.