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Re: ElderWolf post# 42124

Friday, 03/22/2013 2:06:16 PM

Friday, March 22, 2013 2:06:16 PM

Post# of 42555
I expect to be able to sell dollars at more expensive prices over the next few years as the Eurozone implodes. The only way for their individual countries to pay their debts without massive austerity and it's accompanying political social unrest is to get out of the Euro and monetize. Cyprus may be doing that very shortly. Others will follow. This entire period of Euro crisis will be good for the dollar.

Until it's over.

At that point, the U.S. will have come even further along in its own debt crisis I believe, and as the U.S. monetizes its own debt, the world will move from the dollar to other emerging areas.

We used to be at the top of the heap, but now there seem to be other countries emerging with space programs better than ours, internet speeds 100x faster than ours, markets freer that ours, and leaders better than ours, and people more rational than ours (just look at our last presidential election).

When there's no more Euro crisis, and the U.S. is continuing to pump out dollars to monetize our own debt because we don't have the political will to fix it, then the world will turn away from the dollar.

And when that time comes, I plan to be very very short.

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