Dollar hit 1.52 against euro

Quote from illiquid:

What they want to "debase" is all the debt we owe. Even if everything costs twice as much tomorrow, we get paid twice as much, and your debt is cut in half. Voila.

This is going to suck for us 'traders', we'll have to make twice as much to keep up. McDonalds looking more interesting by the day.
 
....inflate or die, for the US government.

Devaluing the dollar is the only way they can service their current account deficit.

Ahhh, the power of the printing press.
 
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