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

To: Real Man who wrote (39021)	6/10/2011 11:07:32 PM
From: ggersh	Respond to of 71475

Agree, way to ob, there is a growl community, but Ben might need to feel real withdrawal pain, everyone has a different threshold. The real question is as you asked earlier, with the caveat who buys w/out a Ben put -g- If anything we go lower on the obvious, then Ben does another Jackson Hole. -vbg-

To: Real Man who wrote (39021)	6/11/2011 9:23:37 AM
From: Giordano Bruno	Read Replies (1) \| Respond to of 71475

I know what you're thinking. "Did he fire six shots or only five?" Well, to tell you the truth, in all this excitement I kind of lost track myself. But being as this is a .44 Magnum, the most powerful handgun in the world, and would blow your head clean off, you've got to ask yourself one question: Do I feel lucky? Well, do ya, Ben? What If The U.S. Dollar Loses Reserve Currency Status? So far, the U.S. has been able to get away with massive debts and unsustainable deficits for one simple reason. The U.S. dollar is still the world’s reserve currency, as it has been effectively since World War II and literally since the early 1970's. Because all governments and banks in the world accept and hold U.S. dollars as the comfortable majority of their reserves, the United States is able to simply print more money whenever it can not afford to pay for things that it needs. Besides this, the country can borrow money in its own currency at incredibly low interest rates that you have seen approach almost zero. This benefits you, since your national government is able to provide numerous social services that most other countries simply can not afford. You personally benefit in another critical way every time that you stop at a gas station. With the U.S. dollar as the reserve currency of the planet, oil and all commodities are all priced in dollars. This causes oil and the by product of gasoline to be incredibly cheap to you as an American. Just compare how much other members of the richest nations whose currencies are not the reserve currency pay for their gasoline. While the U.S. average price of gas comes in at $2.72 per gallon, in Germany it is $6.82 per gallon, in Great Britain it is $6.60 a gallon, in Italy it is $6.40 every gallon, in France it is $6.04 a gallon, and in Japan it is $5.40 for every gallon. The United States has become the wealthiest country in the world as a result of the dollar as reserve currency. Imports can all be paid for in dollars. This is only true in the United States. wealthbuildingcourse.com