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Old 02-11-2011, 12:12 PM
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Join Date: Apr 2003
Location: Phoenix Arizona. Ex Durban R.S.A.
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Quote:
Originally Posted by MS Fowler View Post
So if the USD is no longer the reserve fund, what happens?
The doom-sayers predict massive inflation and the end of the USA as we know it?
Is that possible/ likely?

I am no economist, but even I know our economy is a house of cards. Will this be the time it crumbles?

What are you doing to maximize your chances of survival?

No agenda, just looking for answers. I have no knowledge of how this might play out.
Nobody knows. It's all speculation at this point and only history will provide the ulitmate answer.

Though on balance I'd have to say it probably will not be good for the US. There are those who facilely shout "yay" from the rooftops and are happy with the idea of a reduced US influence in the world. Problem is they are ignorant of the reality that the increase in influence of the likes of China etc is not necessarity a good thing. It is not so much the possibiliyt of the loss of the dollars position of significance in the world that causes the triouble as the trouble the world will be in in that makes the idea of such a chance possible.

In other words those whot think history has played itself out and we are entering a time of reduced turmoil and war are pathetically naieve.

- Peter.
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