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View Full Version : US Dollar, Future Effect on the Economy.


Inc.
04-21-2005, 08:41 AM
History has indicated that no country has ever survived a debt greater than 6% of their GDP. Argentina in the 90's was at around 5 and a half when their currency collapsed. The US is around 7 trillion in the hole, around 7% of their GDP. I don't think is a question of whether or not the dollar is going to collapse, the question is when?

The Dow Jones is beggining to show some ugly signs. The rest of the world is losing confidence in the Dollar as there is nothing solid to back it up.

If Greenspan increases the interest rates in May, the housing market will be the straw that broke the camels back.

Everything is so unpredictable right now, how does one know where to invest with confidence?

Tom
04-21-2005, 08:44 AM
Good question...Some gold surely can't hurt though.

Yeah, I'm afraid there's no getting around it, the bottom's gonna fall out on the housing market, before too long.

airpaden
05-27-2006, 01:27 AM
History has indicated that no country has ever survived a debt greater than 6% of their GDP. Argentina in the 90's was at around 5 and a half when their currency collapsed. The US is around 7 trillion in the hole, around 7% of their GDP. I don't think is a question of whether or not the dollar is going to collapse, the question is when?

The Dow Jones is beggining to show some ugly signs. The rest of the world is losing confidence in the Dollar as there is nothing solid to back it up.

If Greenspan increases the interest rates in May, the housing market will be the straw that broke the camels back.

Everything is so unpredictable right now, how does one know where to invest with confidence?
I hope not. I don't think that USA will fall.

flyingfox
06-03-2006, 01:25 PM
The US dollars is still the major currency in trading, many countries keep their reserve in US dollars and though it has some flutuation at time, US $$ is still strong and healthy. I don't forsee any currecny could replace it in the near future. As long as it is the currency to use in trading, its price won't "evaporate" easily.

But...... if there is only one currency which is possible to replace US dollars as the major currency in trading..... I would have to say it's the China Yuan Renminbi. Even though the Chinese market is growing in an amazing rate, the Chinese government has skillfully keep its currency low at the moment... well, it could infer that there is a good investment opportunity for some.....

Coach Morse
06-04-2006, 04:41 PM
Diversification is the key. When the dollar is weak other currencies are strong and vise-versa.

I think this thread was for inc.'s own marketing purposes, not because he/she had any intention of sticking around and contributing to the forum.

gm