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

To: gregor_us who wrote (19149)	3/26/2009 5:00:24 PM
From: axial	2 Recommendations Respond to of 71475

"The currency collapse would also be "rejuvinating" as it would dislocate a whole bunch of prices and wages which got all out of whack over the past few decades. A final phase of the crisis, with a currency collapse, would also bring forth a new political structure and imo a robust rebirth of free markets. Hopefully based on merit." Excellent. And true. But where is the popular support for same? Answer: there is none. --- Many post theoretical ideas, good in the abstract. But is the electorate prepared to accept the disruptive consequences? There's no wish to be disputative; everything stated by you and Tomasso has merit. But we can't put these issues in a bubble: they can't be separated from the populations that coexist with them. "Politically unachievable" means it ain't gonna happen. When can these changes occur? When the system self-destructs. That may be nearer than we think. Jim

To: gregor_us who wrote (19149)	3/26/2009 6:12:46 PM
From: Tommaso	Respond to of 71475

There does have to be some kind of rearrangement. Luckily for the United States, we have all sorts of safeguards against a dictatorship. Though in distant retrospect, I recognize that FDR came a lot closer than any other president to being given such powers. Right now, it seems the height of presumption to seize what had been lawful money--to outlaw even the possession of gold. And Kennedy tried to push it even farther, making it illegal for US citizens to own gold outside the country.