Posted on 12/04/2006 8:24:00 AM PST by GodGunsGuts
Look, where would you invest your profits, France or the USA, Burma or the USA, Japan or the USA, Belgium or the USA, Germany or the USA, Argentina or the USA etc? You see, there's 2 alternatives to parking $$. There's gold or the USA. Without the USA economy, there's nothing in the world for gold to buy. Think about it.
Baloney. Most of the underlying reasons for the weakness of the dollar are directly attributable to policies or policy failures of the last five years -- including massive growth in Federal spending, unfunded off-budget appropriations (military expenditures for the campaigns in Iraq and Afghanistan) that mask the real size of our budget deficit, a historic expansion of Federal entitlements (the Medicare prescription drug plan) that further undermines the solvency of the Federal government, etc.
You speak as if your assets are under $5.00.
Is this a pre-electronic term? Seems like there is a lot more electronic money than printed money these days.
A 'weak dollar' hurts the US government, not business.
Wasn't there an old story about a Chinese broker telling his MBA daughter that if the plunging dollar was setting the markets reeling and there was nothing you could do about it to just relax and enjoy it?
Unfortunately for that prospect stocks are up today. My own portfolio just hit an historic high.
Recent analysts have found that Wal-Mart, by itself, has a greater impact on the value of the dollar than the Federal Reserve Board (for example). Toss in some other "big box stores", and the impact of financial software on personal financing opportunities and I don't see where government plays all that important a part anymore. Maybe we can dispense with them at some point ~ rather like was done in Medieval Iceland.
That is interesting, so to speak. So, the institutions that lend money, or finance purchases are in a sense creating money.
hahahahaha, ditto. Thanks for the laugh. :-)
Me too. This "doomed" stuff is neat!
Good guess. Since 2001, hard assets have been a good hedge against the dollar which has depreciated over 35%.
Get into hard assets before the bottom really drops out.
BUMP
Wait until China brings back their box of dollars. They might get tired of holding on to weakening currency and may want to get something better.
That would be the bad day.
Oh wait, there are others involved. What would happen to business, government, us, if everyone tured bucks back and demanded gold, silver, or something like your shirt?
I am just curious.
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