and that would be what? The US Dollar? The EUR? LOL....
If we go full risk off I'll bet my last dollar US treasuries will see some action...No brainer.
Most liked posts in thread: The Australian Dollar is pitched to fall significantly
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The way I see it the Feds will do all possible to keep Fiat afloat, once the Euro tanks all will rush to USD once USD tanks all will panic and every thing will go down including PM's silver 22-20 Gold 1500 maybe lower.
Then they will look for security and go for PM's sending them to the moon.
I think this will start to happen about Xmas and take a few yrs to get there 2016
True but like now every one is sitting it out. once it all tanks there will be a mad panic are every thing will go down until they see what options they have left and decide PM's are it.
reckon we should see some movement about Xmas
Reading a very in-depth book on the currency subject at the moment and every country is trying to beat the other in keeping their money cheaper than everybody else to stay competitive in exports, manufacturing, tourism etc. You can be sure that a small nation like ours is not going to succeed against the big time so in my view our dollar will not fall and may in fact increase when the chopper really gets going to save the US before they in fact default on their unsustainable debt levels.
Have mentioned the book before but anyone serious about wanting to know what is going on inside the Fed, the G's 2, 7, 20, the IMF etc., needs to get hold of this.
"Currency Wars" James Rickards 2011
I understand that each currency is trying to devalue itself however as stated above the US is not in a rush to do QE3 however we are in a rush to reduce interest rates.
In addition to this all other drivers of the Australian dollar are turning negative and we still have one of the largest housing debt bubbles in the world so what could you possibly think could drive the US dollar higher?
Someone at least TRY and spell out a case for a higher US dollar
Money is being created(this is QE3 disguised) and loaned out at near zero interest to save banks around the world. Money for private individuals is scarce as banks do not want to loan as individuals are defaulting on debts/mortgages. So retail interest rates will continue to rise and our dollar will not fall in my view.
I can find no case for a higher US dollar.
USA needs to keep raising its debt ceiling until no one will lend them any more then it will be game on for the world economy, some countries are still a safe bet to invest in their currency's.
This is what will happen next:
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