InvestorsHub Logo
Followers 78
Posts 11784
Boards Moderated 0
Alias Born 12/30/2004

Re: avandalay05 post# 7527

Wednesday, 03/23/2005 3:19:33 PM

Wednesday, March 23, 2005 3:19:33 PM

Post# of 173793
Regarding $10 cups of coffee......I would refer you to study the collapse of the Argentinian currency and government of a few years ago.
The situation you talk about was NOT the case there and probably won't be here either. The Argentianian people saw huge increase's in the cost of everyday items as the currency lost most of it's value in a few months. Foriegners came in and "picked up the pieces" in the property and real estate markets because they had become bargains in depreciated Argentine pesos. Foriegners will be picking over the "destruction" in our economy too. "Unhedged" US citizens will feel the pain just as the Argentines did. They had several governments over there in just 6 months and all kinds of rioting! Banks were closed and when people COULD get there money out it didn't buy much! The "proverbial" $10 cup of coffe became "reality".
I still think you have to get the heck out of the US$....it scare's me to death!!

Rogue

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.