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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: dybdahl who wrote (47457)	3/15/2009 5:43:53 PM
From: Maurice Winn	1 Recommendation Respond to of 217860

Ich bin ein Chinese. I have a stash of US$ cash too. Yes, I believe I'll get it back, by which I suppose you mean exchange it for something of the same value in 2009 dollars. <Do you believe that the Chinese get all their money back?> So far, I can get a LOT more back than I could this time a year ago. I can get nearly twice as many yen, nearly twice as many NZ$, twice as many houses in New Zealand, twice as many cars in NZ, three times as much petrol to drive them, a much bigger house in southern California and airfares are a lot cheaper too for my holidays. Bonus points are that crowds are thinner on the airliners and cafes have empty seats any time. No longer do I have to go to my favourite cafe off-peak. So, the people in China holding US$ should be okay too. But of course in the long run, the US$ will be extinct or at best a pale shadow of its former grandeur as my new invention, Qi [a new currency which is NOT made of gold] takes over. For now, there is a vast deflationary debt unwinding to be done, recapitalizing and market clearing, so the owners of US$ [the Federal Reserve] can dilute the currency a lot and apparently get away with it without causing inflation or the Zimbabwe effect. Getting clear before the big decline is the key. There has already been a big decline over a century, but I mean an accelerated decline as the major paradigm shift happens. Shift happens so watch out. Mqurice