Quote:
Originally Posted by Taz's Master
What would it cost those investors to completely devalue their investment?
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If you had read on you would have read that the likely scenario is that foreign enities are going to DECOUPLE themselves from the USD OVER TIME and WITH STEALTH...that will cause the USD to be devalued slowly...foreign holders of the USD are not going to shoot themselves in the foot and dump USD enmass. By the same token they are not going to solely rely on the USD anymore either as they feel the US govt is following an unsustainable path.
I have said beofre give the USD 3 to 5 years...that will be about the right amount of time for foreign holders of USD to devest themselves from the USD...ONce they do that what do they care if the USD goes to zero..they don't want it to go there of course but you get the idea.
However it is intriguing about the Saudi's there has been a poopooded news report recently that the Saudis had a secret meeting about replacing the USD in three years... I beleive that meeting did take place..AND THAT THE SAUDIS ARE PLANNING ON NOT USING THE USD FOR OIL TRADES...Once that happens everyone who now holds USD for those trades WILL TRANSFER OUT OF USD...
A CRISIS OVER THE USD IS GOING TO BE THE NEXT CRISIS TO HIT THE US...3 to 5 years is my time horizon...it maybe sooner than I think though...then say BYE BYE to the USD...and guess what else...