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Author Topic: U.S. dollar could 'collapse': UN  (Read 3678 times)
ISA
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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
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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.
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May 28, 2011, 11:49:06 PM
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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.
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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.

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