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

To: the navigator who wrote (14441)	11/13/2008 2:34:15 PM
From: Zuiderzon	Read Replies (1) \| Respond to of 71409

That is an awfully complex operation for the G20 while simply declaring everybody's debt to be just 10% of nominal value from now on would do exactly the same without all the fuss. Why screw around with 50 buttons when one button does the same? And why would this instantly make people go buy things again? If G20 does a thing like this everybody is going to be awfully careful before they spend money because if G20 needs to do something this radical, it must be REALLY bad, right?

To: the navigator who wrote (14441)	11/13/2008 2:41:23 PM
From: Don Earl	3 Recommendations Read Replies (2) \| Respond to of 71409

While I sincerely doubt someone spaming people's inboxes are privy to G-20 secret meetings, I do lean toward the idea a gold standard based on a substantially higher gold price could reverse the depression we're entering. What if the wife's wedding band were suddenly worth enough to pay down the mortgage and save the house? Just about everyone has a little bit of gold in one form or another. It wouldn't take broad based asset inflation to do the trick, just the inflation of a single asset - gold. Governments could print up just about all the money they wanted pegged to $50K per ounce, and gobble up the world's gold supply in the process. There wouldn't even be any need to devalue currencies. Just print up gold certificates in tenth ounce increments up to $50K for a one ounce certificate. Use it to buy gold or dollars, or to sell gold for dollars. The alternative being a global revolution that would likely have every banker hanging at the end of a rope, with every politician in the world dangling next to him. Of course they could all hide in bunkers for awhile, but it probably wouldn't be much fun ruling a world with no people in it, and they'd end up having to work to live once they crawled out of their holes.

To: the navigator who wrote (14441)	11/13/2008 4:39:31 PM
From: benwood	Read Replies (1) \| Respond to of 71409

I suppose gasoline would instantly cost $25/gallon, for starters. I can't help but think if they try a coordinated and massive revaluation, there will be widespread chaos and then the military could step in and suppress the people. Maybe it's just all too big for my brain. On the other hand, the %&*$heads who run the system now have already proven that what they had was too big for their brains.