The Dollar Needs to Be Devalued by Half ?
- Thread starter libertad
- Start date
Quote from the link says it all...
"The Dollar Needs to be Devalued by Half?"
"... Reducing the value of the dollar means that our hard-earned dollars are going to go only half as far, which is not a good thing for Main Street. In fact, the move is designed not to serve us but the banks...."
Those who advocate devaluation of the $USD, are short-sighted, self-serving, LIARS AND THIEVES...
"The Dollar Needs to be Devalued by Half?"
"... Reducing the value of the dollar means that our hard-earned dollars are going to go only half as far, which is not a good thing for Main Street. In fact, the move is designed not to serve us but the banks...."
Those who advocate devaluation of the $USD, are short-sighted, self-serving, LIARS AND THIEVES...
M
morganist
Quote from Scataphagos:
Quote from the link says it all...
"The Dollar Needs to be Devalued by Half?"
"... Reducing the value of the dollar means that our hard-earned dollars are going to go only half as far, which is not a good thing for Main Street. In fact, the move is designed not to serve us but the banks...."
Those who advocate devaluation of the $USD, are short-sighted, self-serving, LIARS AND THIEVES...
basically they want to tax you to pay for the bankers again. when will it end. this is about the third bailout in the uk and it is not stopping.
Quote from Scataphagos:
Quote from the link says it all...
"The Dollar Needs to be Devalued by Half?"
"... Reducing the value of the dollar means that our hard-earned dollars are going to go only half as far, which is not a good thing for Main Street. In fact, the move is designed not to serve us but the banks...."
Those who advocate devaluation of the $USD, are short-sighted, self-serving, LIARS AND THIEVES...
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Sums it up....
What about the Fedââ¬â¢s traditional role of maintaining price stability? Itââ¬â¢s nonsense, said Rickards. ââ¬ÅWhat they do is inflate the dollar to prop up the banks.ââ¬Â The dollar has to be inflated because there is more debt outstanding than money to pay it with. The government currently has contingent liabilities of $60 trillion. ââ¬ÅThereââ¬â¢s no feasible combination of growth and taxes that can fund that liability,ââ¬Â Rickards said. The government could fund about half that in the next 14 years, which means the dollar needs to be devalued by half.
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Which is why I have been harping on valuation....
The tax angle is the way to create sustained and dramatic increases in overall business asset valuations....
This to replace banks' coffers and then some.....
Not a chance with the likes of Summers and Geithner....Bernanke....
THEY are pathetic bank pimps....
wouldn't it be better that the gov't directly insure the depositors' deposits while letting the banks fail, of course whats left of the bank equity capital should go to pay off the depositors instead of first to the bankers, bondholders and shareholders, based on the risk that each has undertaken?
in a normal debt restructuring, the first to be fired with no bonus pls would be the bankers, next the shareholders will be wiped out, next in line the bondholders will also take a hit, the depositors should be paid first bc based on the interest they get their risk should be the least, and no liability sh be slapped on common taxpayers and other holders of dollars that has absolutely nothing to do with the bankers' mess, but somehow amazing, the central gov't together /w docile gov't managed to forced the common taxpayers and other holders of dollars to absorb this losses, then the bankers get rewarded, the bondholders get their share, stockholders too, the gov't praised the central banks for such actions, i will be very surprised if the whole US doesn't come to a sad end
The future of the US currency is simple....
It is all about interest rates....
Where would the dollar be today if interest rates were 10% ....?
That's right.....it is always going to be a relative comp....
ie
US .... 10 %
Euro.. 7%
China. 5%
Aussi.. 9%
Exotic. 15%
Rates will always stack one way or another....
And domestic cc rates cannot change ?....how about the
recent 30% from 7% cc changes....much like Latin rates....
The bottom line is....even the weaker currencies stay around by
interest rate adjustments....
The I game never stops.....
It is all about interest rates....
Where would the dollar be today if interest rates were 10% ....?
That's right.....it is always going to be a relative comp....
ie
US .... 10 %
Euro.. 7%
China. 5%
Aussi.. 9%
Exotic. 15%
Rates will always stack one way or another....
And domestic cc rates cannot change ?....how about the
recent 30% from 7% cc changes....much like Latin rates....
The bottom line is....even the weaker currencies stay around by
interest rate adjustments....
The I game never stops.....