Replies to post #15547 on ~*~Mining and Metals Du Jour~*~

[nrcmedia]

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.