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The Water Cooler
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The death of a currency.
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<blockquote data-quote="cowadle" data-source="post: 3569031" data-attributes="member: 7203"><p>bond auction rates are rising. won't be long before russia builds it's pipeline through syria so they can sell their oil reserves. russia is building a second pipeline now through the black sea to europe. john kerry and iran will open up the iranian oil to the world and iran china russia and europe will reset the world reserve currency into a basket of currencies to replace the dollar. then it will be very difficult to sell usa debt overseas. we are the weakest we have ever been right now and the other countries know it. evry time we print a trillion dollars it reduces the purchasing power of our savings and the stock market loves this free cash. it is a recipe for disaster. we are already seeing inflation in everything but the fed has no power to raise rates to check so they just print more. what will happen when the bubble bursts? we havenext to no domestic production at all. hyperinflation? what will we do when the dollar is worthless and no country will sell us goods? shortages? maybe?</p></blockquote><p></p>
[QUOTE="cowadle, post: 3569031, member: 7203"] bond auction rates are rising. won't be long before russia builds it's pipeline through syria so they can sell their oil reserves. russia is building a second pipeline now through the black sea to europe. john kerry and iran will open up the iranian oil to the world and iran china russia and europe will reset the world reserve currency into a basket of currencies to replace the dollar. then it will be very difficult to sell usa debt overseas. we are the weakest we have ever been right now and the other countries know it. evry time we print a trillion dollars it reduces the purchasing power of our savings and the stock market loves this free cash. it is a recipe for disaster. we are already seeing inflation in everything but the fed has no power to raise rates to check so they just print more. what will happen when the bubble bursts? we havenext to no domestic production at all. hyperinflation? what will we do when the dollar is worthless and no country will sell us goods? shortages? maybe? [/QUOTE]
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The death of a currency.
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