Author Topic: The Day the Dollar Died  (Read 1247 times)

Offline NWBowhunter

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The Day the Dollar Died
« on: November 29, 2010, 03:00:59 PM »

Offline r00tbeer

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Re: The Day the Dollar Died
« Reply #1 on: December 10, 2010, 09:31:57 PM »
Honestly I don't see this happening so rapidly.  China, Japan, and others have a massive amount of our Treasury bonds and they actually benefit by having a stronger dollar while they debase their own currencies.  If the dollar collapses they would suffer immensely since our Treasury bonds would become worthless and they could no longer export their products to us.

Over time, yes, it seems likely that the dollar will be lower.  I just don't see the "collapse in one day" scenario happening and in fact I think the Euro would collapse before the dollar.