Bitcoin Forum
May 31, 2024, 02:25:25 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: U.S. dollar could 'collapse': UN  (Read 3815 times)
ISA
Newbie
*
Offline Offline

Activity: 52
Merit: 0


View Profile
May 28, 2011, 09:02:31 PM
 #21

I'd welcome lots of inflation with open arms.  With your net worth is negative, it helps.  Smiley
True Smiley
ISA
Newbie
*
Offline Offline

Activity: 52
Merit: 0


View Profile
May 28, 2011, 10:35:17 PM
 #22

Debt reduction.
That's the reason the US can welcome an inflation as long as it doesn't get out of control.
eturnerx
Member
**
Offline Offline

Activity: 84
Merit: 10


View Profile
May 28, 2011, 11:49:06 PM
 #23

Since I'm not in the US and there is few people changing BTC into my native currency, I discount much of the MTGox USD rises by the relative increasing weakness of the USD.
billyjoeallen
Legendary
*
Offline Offline

Activity: 1106
Merit: 1007


Hide your women


View Profile WWW
May 29, 2011, 12:19:54 AM
 #24


the economy is in trouble if interest rates rise.
the economy is in trouble if interest rates stay at the zero bound.
the economy is in trouble if the dollar strengthens.
the economy is in trouble if the dollar weakens.

http://www.safehaven.com/article/20703/bernankes-qex-box

if anything, the author understates the problem, but the point is sound. The economy is going to tank, but that could mean EITHER hyperinflation or a deflationary death spiral. The best hedge agains an unknown like that is not an alternative currency but an alternative economy.

insert coin here:
Dash XfXZL8WL18zzNhaAqWqEziX2bUvyJbrC8s



1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!