Seeking Alpha

extinctionism » Comments » TBT

  • The End of the U.S. As We Know It: Tracking the Dollar Downward [View article]
    "The demand for housing will never come back/The demise of the dollar is imminent". According to you , the dollar will strengthen versus housing. Is that the meaning of " imminent demise", i.e. to strengthen?

    Seeking Alpha really needs some editors. This is so typical of the ludicrous arguments I read here.

    As much as you would love to cry socialism in America and certainly we have large government but not RELATIVE to private enterprise. If Obama and his Fed embark upon this supposed promise to buy ALL the debt that would be over $50 trillion. That seems very unlikely as the mechanisms for debt creation are largely at the retail level (in store credit lines). These mechanisms are in the hands of private enterprise who are now running for the exits in case you' haven't noticed. Gold Bugs and dollar bears were caught with their pants down when it became apparent that the rest of the world is worse off than here and will continue to get worse in comparison. No, we are in an unstoppable deflationary credit collapse. The "stimulus" may slow it down some but unless the energy revolution comes to fruition very soon (energy does what telecommunication did, i.e. CHEAP and UNLIMITED energy) and other tangible innovations to productivity are enacted, then asset prices will continue to plummet for the IMMINENT FORESEEABLE FUTURE i.e. strengthening dollar.
    Feb 03 12:29 pm |Rating: +1 -3 |Link to Comment
More on TBT by extinctionism
Comments by Ticker
extinctionism's
Comments Stats
11 comments
Rating: 0 (6 - 6 )