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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: John Metcalf who wrote (83731)8/24/2008 3:10:42 AM
From: mishedlo  Respond to of 116555
 
good question
Most likely because Paulson is a liar, in favor of a weak dollar policy.

Mish



To: John Metcalf who wrote (83731)8/24/2008 3:11:15 AM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
China's Olympic Sized Bust
globaleconomicanalysis.blogspot.com
China impressed everyone with its Olympic opening ceremonies, but when it comes to profit, the Olympics disappoint China business owners.
Mish



To: John Metcalf who wrote (83731)8/24/2008 10:24:39 AM
From: Jet.Screamer  Respond to of 116555
 
I'm one of the few people who believe the dollar should fall more and that dollar has been artificially inflated to support rampant unnecessary consumer purchases in this country.



To: John Metcalf who wrote (83731)8/24/2008 3:34:16 PM
From: Proud Deplorable  Read Replies (1) | Respond to of 116555
 
Beyond that -- why are people demanding a further decline in USD, and accusing other countries of dollar pegs which no longer exist?

Here's why....
babylontoday.com
The Outstanding Public Debt as of 24 Aug 2008 at 07:36:55 PM GMT is:
$ 9 , 6 2 4 , 0 4 8 , 4 4 7 , 0 7 7 . 7 4

The estimated population of the United States is 304,601,456
so each citizen's share of this debt is $31,595.54.

The National Debt has continued to increase an average of
$1.86 billion per day since September 28, 2007!

en.wikipedia.org
en.wikipedia.org

In my opinion the USD is held up only by propaganda and war. The lower the USD goes the more war we will probably see. The world is on the brink of being destroyed by the US Military-Industrial complex. So.....hopefully the USD will fall much much further because there has to be a point where the Americans just can't afford to finance any more wars and then the USA will be finished for good....and good riddance