Quote:
Originally Posted by MRM
Dollar bills are made out of cotton with a small amount of other materials. They don't burn on their own. You have to burn them over a fire fueled by something else. An oil burner works best.
The Dollar has already crashed. It's not going anywhere but up for a couple of years. After that, all bets are off, but nothing will happen to it that a sharp increase in interest rates won't cure.
Edit, Yes, everything else crashed more. We are in a deflationary cycle for at least the next two years. The dollar will strengthen at least that long.
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Cotton burns, or are you saying dollars are treated with a flame retardant?
Of course, any questions about the dollar's flammability, or lack there of, is minor compared to the questions I have about your conclusions regarding "deflation" and your expectations on the dollar's relative "strength."
What time period are you referring to when you say the dollar has "already crashed"? When did this "crash" take place?
Besides the blip downward in commodity prices (which could easily be a manipulation conducted in the futures markets by those with unlimited fiat dollars at their disposal) how have you concluded that we are in a "deflationary cycle"?
How have you arrived at the "at least...two years" as the time frame for the "deflation" you expect?
How do you reconcile your expectations for "deflation" with the unprecedented money-creation actions carried out by the Federal Reserve over the past few months?
Literally
trillions of new dollars have been created "out of thin air" and have been "lent" into the economy by the Fed; how do you conclude that all that new money in the economy will
not be driving prices higher?