cheapybob

Another Crisis Looms Right Around the Corner

Yes, cash in a SAFE currency, if there is such a thing, makes sense. Cash in US dollars is dropping in value by 1/2% a day on average, and everyone in banking and our government seem satisfied with the raping of American savers, so you'd need to be a lunatic to be in US dollars.

The Dollar as a Reserve Currency

I think the real worry is if and/or when all those dollars now being held by others as reserves get repatriated back to the U.S. as demand for commodities and cause inflation as a result. High inflation on commodities will not make for an easy day at the Fed or treasury, even with jobless rates ballooning. At some point those foreign lenders are going to say "Nada mas".

Compared with Canada, U.S. Economy Looks OK

I agree with all the above. IMO, the difference is the Canadians are issuing real numbers, and we are issuing fudged numbers.

U.S. Dollar Paradigm Shift Underway

Boy, are YOU full of crap!!!

The US dollar is worth WHAT compared to what its supposed to be worth? Go look at your constitution. Its been debased till its almost worthless. In the early 1900's a loaf of bread was 1 CENT. Look at it now.

How Bad Is the Dollar's Fall?

From looking at the graph of the trade weighted dollar, you can see that there is something drastically wrong. What's misleading, IMO, is that we are buying oil in dollars, and if instead, we were buying it in the home currencies of the countries selling it, or ruples, as VZ has proposed, it would change the graph dramatically. As our foreign debt increases, so will the likelihood of this happening.