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To: Lorianne

The Dollar is way too big to fail.


12 posted on 03/10/2009 11:01:25 AM PDT by Mike Darancette (We have nothing to fear but Obama himself.)
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To: Mike Darancette
You've got a point. Too much wealth is stored in dollars for the world's currencies to let it fail.

More than anywhere on earth the US is still seen as a safe haven and that means the dollar i,s too.

Since currency is valued relatively, I think the dollar will continue on as a storehouse of value. Gold is a play, but the goldbugs (I am not using it as an insult, just a description) are usually wrong. That said, I am not endorsing fiat currency as the best store of value.

14 posted on 03/10/2009 11:07:08 AM PDT by 1010RD (First Do No Harm)
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To: Mike Darancette
The Dollar is way too big to fail.

I give it until 2012.

17 posted on 03/10/2009 11:10:02 AM PDT by OB1kNOb (Communist China is doing more to foster capitalism in their country than our politicians are doing.)
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To: Mike Darancette

Is that sarcasm or do you really feel that way?

Seriously? I would love to know if I’m freaking out for nothing. I hope that all these doom and gloom predictions are wrong. I sit and go the motions and think “is life going to be the same next year at this time?” and then I wonder if the people in the 1920’s ever really believed they would lose millions. Not all did, but a lot.


36 posted on 03/10/2009 11:46:57 AM PDT by autumnraine (Freedom's just another word for nothing left to lose- Kris Kristoferrson VIVA LA REVOLUTION!)
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