Quote:
Originally Posted by pocketkangaroo
The dollar will fall, but do you realize what 3rd world level dollars are really worth? If you truly believe our dollar will be as weak as 3rd world countries, you show you have zero knowledge in anything financial.
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It's easy to talk about "weak" 3rd world countries, but the fact remains they can often be solvent and their currencies stable.
BTW - China is not interested in playing stupid games with the dollar - they are more interested in maintaining their currency levels for the rest of the world, and, in the process, are actually helping US companies who have invested in China and who export 46% of Chinese product to the US.
Blue Player actually has a point when he mentions OPEC - that is far more of a threat to the dollar than China. OPEC members have been losing billions and have been discussing a possible change of petro currency for a few years now - and that is being pulled more to the table for discussion. Again, OPEC has no interest in screwing the dollar, but unless the dollar starts performing and gets some stability - it's an obvious sensible move to change the oil base to another more stable currency. The downside to this is that it would place the US economy in the league of Argentina during it's worst economic times - and even OPEC have no wish to cause that ripple, but - there may come a time to make a choice.
Only my
, but can't see any glimmer of hope for the dollar at this time - or in the next decade. There are no assets which can be utilized to change the scenario over a shortish time, but massive debts and continued over-consumption and relying on other countries to supply product instead of supporting industry within the US - it's unstainable.