InvestorsHub Logo
Followers 69
Posts 2815
Boards Moderated 0
Alias Born 04/03/2013

Re: Dr. King Schultz post# 15547

Wednesday, 11/26/2014 3:16:52 PM

Wednesday, November 26, 2014 3:16:52 PM

Post# of 44393
I agree that there will be corrections and crashes.....but something short of another World War the dollar will keep along it's merry way. We still haven't recovered from 2008 even though the gov't propagandizes that we are in a recovery. While in fact we are in an international corporate recovery. The common man, in particular the 'middle class' is disappearing. Even failed states like Greece continue to get by....but it is the definition of 'getting by' that is the crux.

When I lived in Europe in the 1960's you could get 4.5 Swiss Francs for a dollar...now you get less than 1 Franc. The Swiss have never had the lose kind of monetary policy of the Feds....on the other hand the Italians printed money like it was going out of style. I remember being amazed at how many Italian Lire you could get for a buck. When you exchanged a dollar you pocket was full of money (literally). So the US won't stop working but the dollar will start to resemble the Italian Lire if we aren't more cautious with monetary policy.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.