The Dollar.........

you can abandon all you learned in your economic classes. the dollar is backed by the full force of it's military and will not colapse as long as we can bomb a rival currency.
 
We are long the dollar too. Mainly because the charts but also because rates are going to start going higher again. The writing is on the wall. Figure you'll see the dollar carry traders short cover in a hurry which will probably mark the next top
 
Quote from antitrust:

you can abandon all you learned in your economic classes. the dollar is backed by the full force of it's military and will not colapse as long as we can bomb a rival currency.
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At least 80% of enlisted soldiers are "paycheck" soldiers. Even though some will tell you they joined the military to "serve their country" many of them signed up because they couldnt find any decent jobs. If the dollar collapsed these soldiers more than likely would not stay in the military if they were not getting paid....maybe some of the singles would just because of the free food, but the married soldiers would not. How could a married soldier take care of his family back home without any money to send them. They would all go home to try to find another way to take care of their family. So if the dollar collapsed, you know our military would get really weak.
 
Someone needs to look at the firework video that I posted before when someone tried making this argument.

It's going to go up and up and up like it did last time then all of a sudden it's going to explode into nothing. That's just the way this bubble market works.
 
what?

seriously. lol


Quote from The Big D:

Because things aren't so very bad in terms of the utility of the dollar. One of the interesting properties of a fiat currency is that once it becomes popular, it can continue to be popular even in the face of policies that threaten to expand the currency supply.

Fact is, I can buy more with one dollar today than I could 2 years ago. And it's stuff I (and many other people) want - real estate in the US, electronic gadgets, cars etc. So from a practical point, my desire to hold dollars is higher than it was then - I can do more with them. In order for the dollar to slip seriously against other currencies, at least one of two things has to happen:

1) major inflation in the US
2) goods denominated in dollars are no longer things people want

Thus far, neither has happened.
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