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 coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (9912)	8/6/2008 11:52:28 AM
From: John Vosilla	Respond to of 71456

' Mish always assumed that our evaporating wealth would increase our buying power -- not a chance in hell. Our buying power is best measured by the value of the dollar.' He has a big appeal to fat couch potato fence sitters who feel they now are entitled to easy prosperity by just holding on to the cash as everyone else implodes around them for overindulging in recent years.. No free lunch for anybody in this global economy.. As bad as Bush is one savings grace was his lack of fiscal discipline in trying times ensured deflation or depression wasn't in the cards. I've come to believe if we had a confluence of factors at the same time (think the overvalued stock market/business expansion top of 1999-2000 and the housing/consumer credit top of 2005-06 plus an administration that was fiscally conservative as the second Clinton term plus an inflation hawk as Greenspan was in the first half of his 18 years) then we might be already in a repeat of the great deflationary depression.. Certainly it had a slight possibility in 1991 or even 2002 of happening but it did not..

To: GST who wrote (9912)	8/6/2008 12:28:56 PM
From: westpacific	Read Replies (1) \| Respond to of 71456

What if US has an Oil Reserve greater than what S. Arabia once held? What then is the value of that dollar? Ask that question.... The players that run this game, are not as stupid as you think........ The value of any currency is backed up by what others need. Why is the Swiss and Japan currency worth anything, they possess nothing but fiat/credit assets? If you create a credit bubble, destroy it all - but in the process amass incredible dollar wealth....then make that dollar worth something, what do you have? Beyond incredible wealth! What you think is most likely wrong, what your told is most likely wrong, do we really know 'the truth'? Never assume 'you know the truth'. It is all, but a game, and the players, believe me, they know what they are doing! LOL West