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

To: Nevada9999 who wrote (15962)	1/2/2009 12:13:55 PM
From: Tommaso	6 Recommendations Read Replies (2) \| Respond to of 71403

>>>The dollar is worth what people think it is worth. << Which is less and less . . .

To: Nevada9999 who wrote (15962)	1/2/2009 4:05:53 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 71403

To the extent you believe the U.S. Dollar has zero intrinsic value, you need to keep in mind that it trades against other currencies which also meet your criteria for having zero intrinsic value. We have recently let a period characterized by the massive creation of nearly every currency by banks through fractional banking. This led to a devaluation of these currencies as the price of commodities, real estate, stocks and other assets rose dramatically against all currencies. Many people called this credit bubble a "bull market", rather than a "currency debasement". This reflects the common public misconception that government debt creation is inflationary while private debt is inflation-free deliciousness. Now that an increasing amount of this debt is vanishing, the flight into hard goods has reversed, and currencies are becoming increasingly valuable. Yes, various government programs are increasing the amount of various currencies, but this only partly offsets the currency that has been destroyed through bad loans which will never be repaid. Since more of the loans were made in Yen and U.S. Dollars, these currencies are experiencing some of the greatest appreciation relative to things. .

To: Nevada9999 who wrote (15962)	1/3/2009 9:45:36 AM
From: Pogeu Mahone	Respond to of 71403

lol, $ worth zero? Here these things are worth zero if you need cash:http://www.boston.com/news/local/massachusetts/articles/2009/01/03/cash_for_the_memories/ I can go anywhere in the world and the dollar is accepted. Tell me one other currency that can do that! Just one! As far as gold and silver that gets accepted at face value if you want to spend it, I have neve been able to buy anything with an ounce of gold. Period. Try it. I get offered $50 for the ounce. Try paying for something with a silver dollar and you will receive a dollar not $11.63 the spot price of silver. So to get the sea change where dollars are shunned and gold and silver are accepted is not in your lifetime. Give it a rest: Determining the price of something that has zero intrinsic value, like the dollar is more dependant on perception than anything else.