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

To: DebtBomb who wrote (30939)	10/14/2010 5:23:35 PM
From: Real Man	2 Recommendations Read Replies (3) \| Respond to of 71479

In 1933 they devalued from $20 per Oz to $35 per Oz. Since base money was gold, that was technically 43%. Today the scale of devaluation is roughly 69% after QE1, although due to the trash on the balance sheet the true scale is unknown. In other words , 2007 $1 = 31c today. Extra 500 bln. in QE2 brings it up from 69% to 74% (26c). Peanuts. 7 Trillion QE brings us to 92% devaluation with 2007 $1 = 8c. That would mean the DOW must go to 150K to get back where it was in 2007. -g-