Comments on: Inflation and the Dollar’s crash

By: threeblackcrows

threeblackcrows — Mon, 12 Oct 2009 06:31:09 +0000

… All these countries are doing is trying to delay the inevitable and draining reserves of their own currency in the process. Exactly, every other tangible asset will go up EXCEPT paper fiat money. I am not looking for gold mania as some kind of get rich scheme, I’m simply stating that in order to preserve your purchasing power when all those other tangible assets go up (the little things like food), you need to get out of cash and into precious metals.

By: threeblackcrows

threeblackcrows — Mon, 12 Oct 2009 06:23:25 +0000

… The US consumer is spooked and is spending less and saving more. The net change in consumer credit has fallen off a cliff dramatically. Even the scarce credit that is available is, by and large, being shunned . This means a large drop in demand for said exports. The export countries (China excluded) simply do not have enough ammo to fight back. This is how a currency crisis happens. History shows how serious this can be….