On Fri, Mar 18, 2011 at 10:47 AM, Casey Dougall <ca...@uberwebsitesolutions.com> wrote: > > On Fri, Mar 18, 2011 at 1:38 PM, Robert Munn <cfmuns...@gmail.com> wrote: > >> >> Here comes inflation boys and girls: >> >> http://www.cnbc.com/id/42130406 >> > > Think these numbers are bad, just wait till drop the us dollar as world > reserve currency. All shit is going to hit the fan when prices go up %20 to > 50%
Exactly! As soon as China decides to stop buying US bonds, we're toast and there is no going back to the previous status quo. So why not go out with a bang? I'm calling it now, December, 2012, one month after Barack Obama is re-elected. A massive de-valuation of the dollar that will upend the entire global financial system. A really idealistic, ambitious President might even try to print a huge amount of money and distribute it to the poorest countries around the world (though in a way that could improve people's lives and not end up in Swiss bank accounts?) in an attempt to deliver a global "social justice" solution for the 21st century. I figure whoever is President over the next few years risks the Chinese walking out on us. They might well try to at least leverage it with a dramatic event like a large distribution of money to someone. The only question will be who gets the money. The bankers and CEOs took the biggest payouts of the last round. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:335348 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
