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

To: KyrosL who wrote (49669)	5/6/2009 8:15:16 AM
From: TobagoJack	Read Replies (2) \| Respond to of 218033

<<why should the US care about what a dollar buys outside the US, if it imports very little* from outside the US?>>* ... first we need to define very little, and then we must realize it is a lot, especially if gold goes to us$ 60k an oz, and platinum touches us$ 120k. the usa has been exacting a tithe on the rest of the world, i.e. importing capital via fiat money inflation of us$, and borrowing for years and years, and when you cease to care about the value of your obligations, the us$, the importation of capital would come to grinding stop, resulting in ... arghhhh ... to horrible to contemplate per fiat money inflation in france, but not to worry, because we will find out the consequences, because the trajectory is dead set already.

To: KyrosL who wrote (49669)	5/6/2009 8:20:58 AM
From: TobagoJack	1 Recommendation Respond to of 218033

recommended reading mises.org to all those who believe that isolation enables one to cease caring about external value of money; learn, before it is too late to prepare for the inevitable.

To: KyrosL who wrote (49669)	5/6/2009 8:52:31 AM
From: TobagoJack	Read Replies (1) \| Respond to of 218033

do you believe it would be astute for congress supported by constituents to default on government-sponsored-and-now-guaranteed fannie and freddie ? in substance it would not be that different from defaulting on the dollar's purchasing value. if so, i salute you and hope you succeed in triggering a planetwide asset repricing and value rebalance.