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: Tommaso who wrote (10645)	8/22/2008 1:12:14 PM
From: GST	Read Replies (1) \| Respond to of 71456

<the value of the dollar is the key to almost everything> I agree -- in my view the fundamentals of the dollar are terrible and getting worse. As the dollar slides so does the "wealth" of America. Put your money into a house with a big mortgage borrowed from China and get paid in dollars and you have a recipe for financial ruin. The question for America is this -- we are going bankrupt, now what are we going to do about it? This question goes to the core of life in America. And with anybody who gets into trouble, there is always hope that you can change your life and get your affairs in order. Cut your substance abuse. Upgrade your credentials. Cut up your credit cards. Pay down your debts. Downsize your house, your car and your meals -- eat like you wanted to live to be 100 -- which almost certainly means cook your own food and control what you are eating. We have a profound problem -- we face it in the mirror every day. And yet every day we look for somebody new to blame -- like 'al queda', ot 'the guberment', the Chinese or big banks, or wall street and of course the most irrelevant one of all -- the FED. As pogo says, the problem is closer at hand than we ever want to admit. Nobody has a greater technological innovation potential than the USA -- and yet we are frozen into a mindset and way of life that screams out for change and we just can slap ourselves awake long enough to do much about it. Now is the time for a profound change in our outlook -- a time for the truth.