My mistake. I meant "> Where is the final point? probably when its foreign debt crossed around $10trillions because American wealth funds cannot support acquisition of fresh US treasuries required" instead of "Where is the final point? probably when its foreign debt crosses around $10trillions because American wealth funds cannot support acquisition of fresh US treasuries.".
Excuses. Peace and best wishes. Xi On Apr 17, 9:57 pm, xi <[email protected]> wrote: > That header (Xi: Collapse of US dollar within 2 years) seems to be > exactly what I wrote No. I do not expect that US dollar collapse > happens within two years. > > You, Sumerian, wrote one of the reasons. Before its collapse, they > will have to print higher and higer amounts of money to pay back its > debt. > > At the same time, less and less domestic and international confidence > on its real value. > > Where is the final point? probably when its foreign debt crosses > around $10trillions because American wealth funds cannot support > acquisition of fresh US treasuries. > > It would neither be the first currency that collapses, nor the first > country that defaults payment of its debt. Of course, consequences > would be fatal for its economy. The word "corralito" comes after that > event in Argentina. > > Peace and best wishes. > > Xi > > On Apr 17, 3:46 pm, "Sumerian.." <[email protected]> wrote: > > > > > Some tens ago, the dollar was dropping against the value. An English > > adviser was telling me that it was right to invst in dollar.. Then.. I > > asked him what if the dollar collapsed tomorrow and USA declares itself as > > bankrupt. country. He didn't have an answer.. > > > I am not a professional in economy nor a magician to predict the right > > future events at that time, but I had the feeling that USA is the biggest > > thief in the world ( now I have to correct it to / or add to it the Bank > > of England).. > > > The idea is simple.. Live on the expenses of all the nations of the world, > > then announce at a stage that you face troubles.. and depending on the > > robbery size which makes these Ellette professionals think: Is it the right > > time to announce bankruptcy ?.. Of course as a nuclear super power, no one > > will risk his life to ask USA to give his money back.. And "crisis" is a > > good masking cover for the robbery now. > > > S1000+ > > > ========================== > > Xi says: > > > It sounds like a way to do not pay back the US debt. > > > But it would work just half the way. > > > People should get rid of US dollars and any asset that pays back in US > > dollars, such as US treasuries, corporate bonds denominated in US > > dollars, stocks, etc. It is not only that Federal and local > > governments will have to burn US citizens with taxes. It is also, and > > mostly, that US dollar will collapse unless IMF or another > > international financial institution buys the Fed . > > > But I disagree on its time scope. In my opinion that will not happen > > so dramatically within one or two years. It will be a decline, then a > > second wave in 2010 or 2011, higher than the 2008 one. Maybe even a > > third wave one or two years later, higher than the second one, just > > posible, not for sure. And finally its collapse. > > > Options for investments? In my opinion none but commodities. And yes, > > if those commodities are abroad much safer. And nothing better than > > farmland. > > > The risk of "corralito" is high. But time scope counts. In my opinion, > > that debacle will not happen within one or two years. > > > Peace and best wishes. > > > Xi > > > On Apr 17, 7:31 am, "Sumerian.." <[email protected]> wrote: > > > Although this article is dedicated for US people /market, but it gives > > idea about the volatile global situation, which is happening as > > consequences of the biggest robbery in history where the Bank of > > England and its derivative the US Federal Reserves, robbed not only the > > wealth of many nations, but of their own citizens as well. > > > > S1000+ > > > ======= > > S1000+ > > =======- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
