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an interesting perspective, but in my opinion misses the mark. does a dollar crash really hurt the elite? no freaking way. the elite have gotten out of dodge using loan securitization. they've pushed the debt onto the public's books via fed purchases of MBS and treasuries. they've left greater asia as the ultimate bagholder.
Sep 25 06:18 am
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All Comments by Balderdash »The Dollar May Not Be Doomed [View article]
just because they have a disproportionate amount of income doesn't mean they're fate is tied to the dollar. their theft is denominated in dollars to be sure. but perhaps it's in their best interest to have a 'steady' dollar decline? keep the masses happy by inflating away their debt but slowly enough for the elite to get out of the way (their hopes).