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Author: Subject: The dollar is dead
Mary2
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[*] Post 390229 posted on 6-10-2009 at 15:50 Reply With Quote
The dollar is dead



Or are reports of its demise premature?
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scholar
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[*] Post 390232 posted on 6-10-2009 at 17:51 Reply With Quote


I have been worried about this. The Federal Reserve has been increasing the money supply at a reckless rate, and done so in a sustained manner. Doing this at the same time as the actual goods and services produced in the U.S. is going down guarantees inflation.

Oil dollars, or American dollars held by the Chinese--if either one are dumped, the harm to the U.S. financial structure will be catastrophic.
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[*] Post 390252 posted on 6-10-2009 at 21:44 Reply With Quote


You could say the same for the pound.
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