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

To: carranza2 who wrote (16989)	1/30/2009 10:38:31 AM
From: Real Man	Read Replies (1) \| Respond to of 71446

My scenario is that the Bretton woods will end, and most currencies will float, with USD in reserves being replaced by a basket, but what do I know? Essentially a continuation of the current trend, with USD taking share more in proportion to its global economic output, perhaps, dipping quite a bit in the red first on the global disgust with it. Does it really matter in a floating world if oil trades in USD, Euro, Aud, or Chinese Yuan? What they are hoarding is what matters. Gold standard will not rise from the dead, since printing is an effective policy tool. USD share in global trade is definitely set to decline. FWIW, I really don't expect anything drastic. USD will keep declining long term, perhaps, hitting 60, perhaps, 50 or even 40 (less likely) at the bottom as manufacturing starts to come back to USA. Unless of course ... they screw up with the liquidity mop up thingy, cause then it's going to zero -g- This economic crisis is very serious, and any additional screw-ups (in addition to what AG has done already) will be costly.