Romeo Fayette

Where Does the Dollar Go from Here?

Agreed. However, the US govt allowing devaluation is conceding that the situation is out of anyone's control. That's the equivalent of doing nothing; devaluation is hardly a strategy. Not to mention the whole "rock and a hard place" argument: I think it's clear that the US chose inflation over deflation since March, favoring a battered global standing to utter insolvency. Now we're seeing the flight of capital associated with an inflated currency, so the inflation stunt is up.
My, oh my, we left the Greenspan era with a comfy, cozy feeling of security: we thought a central bank could control the economy like moving pieces on a chess-board. Now, it's like we're stuck with nothing in defense of our king.


On Sep 16 03:11 PM Donald Ingram wrote:

>
> ? = Devaluation. Plain & Simple.