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


To: stockycd who wrote (15498)12/15/2008 10:24:42 PM
From: HH  Read Replies (1) | Respond to of 71405
 
yeah, $2/euro ... We had $1.60 not long ago and that was
without crisis management. Europe zone has some advantages
asan existing cross cultural currency... there is a big difference in the individual/consumer debt mentality of US compared to Europeen.... the real producers in the world are ,,I assume Asian and petro countries. I just feel there is a chance that there could be a collective push by the rest of the world to take US down a notch... in an effort to diminish our dominance in the world.

What gets complicated is that the rest of the world's prosperity depends to a large degree on that very dominance they begrudge. But, not so with China. Their model wasn't steeped in free enterpise and personal freedom. It just wouldnt surprise me if China didn't partner up with Europes and petro-kings.



To: stockycd who wrote (15498)12/16/2008 12:08:41 AM
From: HH  Respond to of 71405
 
Is that because the Euro zone is in better shape than us? (And they aren't)

While the euro zone GDP is pretty close in size to US
GDP.... (throw in United Kingdom) and the Euro-Union GDP is roughly 20-25% larger than US.