To: Haim R. Branisteanu who wrote (53363 ) 8/9/2009 7:05:09 PM From: TobagoJack Respond to forex trade is like a tax on the real economy, except we do not know the tax rateplayer 1 Here is a quandary though: if the us saves nothing, how do they end up with the largest savings industry in the world? Where do fidelity, capital, putnam etc... Get their money from? How about 75pc of the world's hedge funds?...player 2 time will tell if that remains so. ironic. the best infrastructure in the worst place. the next chapter hasn't been written yet, has it?player 3 From the very richest.player 4 And if you were an elected politician, where would you go (with these results), to find the means to your promises? Just change the rules of the game, and poof, like genies. player 5 From foreign central banks…playrer 7 endow me with stolen land, bless me as last man standing by two world wars, favor me with a fiat money inflation printing machines specializing in one of a kind global reserve currency, and i too will show you the largest ever financial savings recycling and thieving industry ;0/player 8 The USA hasn't had to save because the rest of the world has done it's saving for them. I suspect we're in the early innings of a tectonic plate shift in international finance,the ramifications of which are currently poorly understood. I expect significant wealth destruction in industries that benefitted from the prior paradigm, including the US finance and banking sector (already occurring). The USD is doomed to ultimately lose it's reserve currency status which will remove the final prop to the purchasing power of Americans. The world has entered an Ice Age which will likely last at least another decade,and in it's aftermath will look very different indeed.player 9 Care to take a stab at what you see as the aftermath?player 8 I usually can't see clearly 10 days into the future,so 10 years is an extraordinary task.
