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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Further under the current circumstances itis unlikely that the USD will be replaced anytime soon. However what is likely to happen is that the major players are going to start to decouple themselves from the USD over time & with stealth. They are going to do this because they no longer trust the US govt to be a responsible financail steward. They will not want to put themselves at risk of being tied soley to the vagaries of US political whims.
Thus over time it is likely that the USD will gradually decline and interest rates begin to climb.
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"Some Observer"
Last edited by tabs; 12-17-2009 at 02:14 PM..
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