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


To: ggersh who wrote (57142)3/9/2015 7:39:31 PM
From: John  Read Replies (1) | Respond to of 71463
 
At some point and I think it might be sooner than later, the "things stay the same part" gotta change!

Conventional wisdom suggests that, my friend, but how fast will things change if there is a coordinated, global effort to print? Debt and currency devaluations are relative, as you know.

Metaphorically, if your house has six inches of standing flood water in it, that's a disaster for you; however, if all of your neighbors -- and every house in North America, Europe, Asia and Australia are facing the same dilemma, the problem takes on a different dimension. The metrics of fiat currencies, inflation, deflation and debt are extremely convoluted, but from a simplistic standpoint, virtually all free-market nations owe tons of debt to each other. It's really difficult to predict how this will shake out, economically, but I strongly suspect that war will ultimately unfold, as it always does, between the top tier nations and the second tier nations who lose the financial battle and resort to fighting back militarily.

...or maybe not. If the elite of the world have the parity and positioning that satisfies them within their clique, the game could continue indefinitely.