Location: Somewhere near DCA. NW Platinum. AA Platinum.
Posts: 11,251
Quote:
Originally Posted by ajax
Oh my Gahd! Where on earth did you find this?!
I was looking around for values of various currencies in the post discovery period when I came across this site. Do you think the "right" will have a heart attack that there was no dollar?
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Those who sacrifice liberty of some to purchase a little temporary safety, will have neither liberty nor safety.
Do you think the "right" will have a heart attack that there was no dollar?
This website is obviously a left-wing fabrication, probably by terrorists intent on destroying our way of life. We all know that there has always been, and will always be, the dollar.
And now I'll keep my mouth shut before we all get shipped off to the wasteland of OMNI P/R.
Writing on his blog , Prof Buiter said: "There will, before long (my best guess is between two and five years from now) be a global dumping of US dollar assets, including US government assets. Old habits die hard. The US dollar and US Treasury bills and bonds are still viewed as a safe haven by many. But learning takes place."
About 2-3 years ago, I would have expected the collapse to come in 10-20 years, not in 8 or less.
Dollar bulls better hoep this is not true (and what will happen to the corresponding demand for USD).
Quote:
‘Time to Sell’ Treasuries, Biggest Korean Fund Says (Update1)
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By Wes Goodman
Jan. 19 (Bloomberg) -- A rally that sent U.S. Treasuries to their best year since 1995 is coming to an end, South Korea’s National Pension Service, the country’s biggest investor, said.
