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A Man of Wealth and Taste
 
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Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
I understand the financial and the macro economics but I am no expert that watches the blue screen every day...I do have a very astute political and psychological mind, that is where I am gifted. I can see around corners and in the dark. Sometimes I just see the the possible alignment of the stars so to speak and I get the gut feeling now that we is treading in uncharted territory. This is not just the same old same old as we have been used to for the past 60 plus years. MAYBE it is just a possibilty and will not come to pass, maybe this is just a doom and gloom worst case scenerio?

To do an abstraction for ya..chaos theory. Nothing is really ever in control however there is predictability that certain parameters will apply. We are now in a time where the predictabilty of those parameters is not holding true. I have said for a long time now that holding the American dollar has risk that most Americans don't realize. It floats on the world market in price and because it has reserve currency status has the appearance of being incontrovertibly the rock of Gibraltar. Americans are now waking up to the fact that the value of the dollar is illusory. That the American dollar is no different than the currency of Mexico, Brazil or Argentina, except for reserve currency status. Reality is now catching up to Americans in spite of what they are being told on TV.

QUESTION, How many American lives is the status of being the reserve currency worth to maintain? In other words do ya still want your house in the suburbs, big screen TV and now a hybrid car to go back and forth to work in..he11 do ya want a job? The only thing between us and the abyss is that if we go everybody goes, because the USA is still the 500 pound economic Gorillia in the room. and everybody is holding dollars. .. So now you have to figure who is to benfit if the Gorillia goes boom? Who will be there to pick up the pieces? Or thinks they will?
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Last edited by tabs; 06-20-2008 at 08:00 PM..
Old 06-20-2008, 07:48 PM
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