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To: HamiltonJay

Keep in mind people have been saying that since 1K.

Do you think the dollar is isolated from economic bubbles?

Whatever you say about bitcoin and an economic bubble you can apply to the dollar.


16 posted on 12/18/2017 7:34:39 AM PST by Enlightened1
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To: Enlightened1

Last time I had someone make that silly argument to me was when I pointed out the tech bubble to them in late 2000....

If you are playing in this game, good luck to you... hopefully you aren’t the one sitting there wondering where the greater fool is to cash you out


20 posted on 12/18/2017 7:38:05 AM PST by HamiltonJay
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To: Enlightened1

No, if the dollar had been bid up to massive bubble proportions like this there would be severe economic dislocation due to imports from China and elsewhere becoming extremely, extremely dirt cheap and domestic produced goods becoming bizarrely expensive outside of the country. Tourism would be dead as a doornail. US oil production would die because it was so expensive. Those few Americans able to do so would be on a buying binge worldwide the likes of which the world has seldom seen.

Bitcoin - nothing other than people who own it crowing and saying it’s not a bubble, thinking it’ll keep on going up to the sky and beyond.

Like always with every bubble.

I suggest taking your profit now to cement it and ignoring any further gains because it’s going to crash and crash bad. There’s no kind of floor under this.


24 posted on 12/18/2017 7:41:46 AM PST by RegulatorCountry
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