On Oct 24, 2008, at 9:37 PM, ken hanly wrote:
but why would investors not prefer gold or purchasing companies
which are dirt cheap in many case rather than buying US dollars.
What makes people think that it is safe?
The U.S. economy is in very bad shape and the debt is ballooning.
Why buy the U.S. dollar?
Because if their monopoly money third-world currency starts
appreciating too significantly against the dollar, the master will
manufacture a reason and open up a can of whup-ass on their homeland,
in which case it doesn't quite matter where their money is parked,
since in the short-term they will all be dead.
--ravi
--
Support something better than yourself ;-)
PeTA => http://peta.org/
Greenpeace => http://greenpeace.org/
If you have nothing better to read: http://platosbeard.org/
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