Re: Some scary stuff about the dollar
[ QUOTE ]
[ QUOTE ]
I think the two biggest looming disasters are:
a) when foreign nations stop seeing us t-bills as the safest place to store their reseves
b) when third world countries/drug dealers stop using the US dollar as their currency
[/ QUOTE ]
The dollar might as well be pesos when this happens.
Foreign investors and foreign entities using dollars for transactions are the only thing keeping us afloat.
[/ QUOTE ]
read today the USA are leaning on China to revalue the yuan and China have threatened to cut its $1.3 trillion USD reserves from the dollar. That'd be a shakeup.
I even hear Clinton et al challengers are talking about legislation now that 44% of the US national debt is in foreign hands. Not a great situation for you guys.
And gold still has some way to rise, so i'd go for it now but don't expect to become a millionaire.
|