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

To: Paxb2u who wrote (92683)	7/19/2012 10:57:38 PM
From: TobagoJack	1 Recommendation Read Replies (2) \| Respond to of 217662

Gemteacher's point may be that only team USA should be allowed to print global reserve currency while others should not be allowed to reject it. From his point of view he could be correct, but his pov is somewhat biased and so not applicable to the other 95%. IMO the global reserve currency status is a curse, one that is not any different than the Saudis w/ their oil or the south Africans w/ platinum, but only less fortunate in that oil in the desert can really only be sustainably taken away by paying for it, and platinum in the ground only runs out when it runs out, whereas the global reserve currency status is done when others say it is done. Given the state of play we can be more sure that many in the periphery shall experience generalized and pervasive hyper fiat money inflation in the lead up to demise of the dollar, as we are already experiencing the beginnings of in hong kong, whereas most in the core must know overall debt diaper deflation as the money underpinning the larger 'financial' economy dies. Above be my working premise, calling for those in hong kong to load up on real estate and gold, and should compel those in the USA to go heavy on intermediate term sovereign debt and gold. The common denominator is gold, but in both cases, gold w/o counterparties. Deflation is not necessarily a bad happening unless one happens to hold a lot of deflating issues. Inflation is not always a bad occurrence especially if one takes care to hang on to much inflating goodies.