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vox kadavergehorsamkeit
Member since May 2012
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No way out for central banks

- Goldmoney -

Neither of your solutions seems feasible. The first one would result in no nation accepting the new currency as payment. The second is completely unrealistic in that the IMF does not have the requisite funds to bail out Yankeedoodlestan. Heck, they hardly have the resources to bail out Cyprus.

As for bailing on the U.S. dollar, that time is coming, but it is not here yet. What must be understood is capital flows. Before Amerika goes down the tubes, Europe and Japan will crumble and you can be certain that a good deal of that wealth will be exchanged for U.S. dineros as the hammer comes down on them. When that happens, regardless the ZIRP, Amerika will be unable to meet the interest payments on its debt, having to pay with very expensive dollars. That will be the time to exit the dollar.

This is not to say that one should not be looking to add to ones' hard assets at this time. Owning real things is always a good idea. i'm just saying that the U.S. dollar is going to rise in value before it finally breathes its last breath.

Commented 4279 days ago

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Beginning of the headline :Gold took a beating on Wednesday, amid media chatter about the mythical notion of tighter monetary policy from the Federal Reserve. Evidence for this appears no more convincing than at anytime since the start of the Fed’s QE programmes back in 2009, but that hasn’t stopped the speculation, with one trader telling WSJ that Wednesday’s Fed minutes were “concerning for commodities across the board.” He might have added that it was concerning for equities as well, given the sell-off we saw in stock... Read More

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