I decided to play some Poker about an hour ago. So I download all the stuff and go to the cashier to lodge some money to play. I put in all the yada yada and my Credit Card stuff. Fair enough. I got $80.85 for my £50 or $1.617 to the pound.
Now the Dollar has been about 1.65 to 1.67 for months and months So down only 4 cents?
Every set of figures shows America in trouble. China is dumping their Dollars. There is a big risk that the Dollar will lose Reserve Currency status. The BRICS movement is getting stronger every day.
America is fighting over 150 Wars all over the Globe and these are costing serious money. The deficit is over $20 trillion with little chance of coming down So my question is........
Why is the Dollar holding on???
It looks to me as if $1.60 is the line in the sand. I am sure that the Government is buying dollars from the Fed to prop up the rate. If it falls below $1.60 then that is game over.
Xmas is coming but who has money to spend? Very few. Are they going to limp onwards in the vain hope of an Xmas boom? But what use would it be? Everything that people will buy will be imported and the Dollars will just flow outwards during the last quarter q4
In February there will be another brinkmanship debacle over the passing or not of a rise in borrowing limits.Will people say, enough is enough?
As far as the Government is concerned what can be done? Well another War is always a good card to play. The jingoism begins and spend spend spend will happen, as it has done since the heady days of Vietnam and has continued onwards, through a plethora of Wars, since then.
The American Government is involved in a huge poker game buying chips from the Fed which are paid for by the taxpayer,never the Government. Even then, only the interest is being paid,just,with no hope of the principle ever being cleared off. Te Fed can hardly foreclose. ! What would happen? Would a big pencil come out and the Fed would take Hawaii or some other state? Of course,not. Will the printing presses ever stop or will hyper inflation,as happened in the Wiemar Republic between ww1 and ww2 actually happen?
If I lived in America. I would be buying any currency instead of keeping my cash in Dollars. Australian Dollars or UK sterling look good. The Euro is too risky. Go to a travel agency
and get rid of Dollars,quickly .
Now the Dollar has been about 1.65 to 1.67 for months and months So down only 4 cents?
Every set of figures shows America in trouble. China is dumping their Dollars. There is a big risk that the Dollar will lose Reserve Currency status. The BRICS movement is getting stronger every day.
America is fighting over 150 Wars all over the Globe and these are costing serious money. The deficit is over $20 trillion with little chance of coming down So my question is........
Why is the Dollar holding on???
It looks to me as if $1.60 is the line in the sand. I am sure that the Government is buying dollars from the Fed to prop up the rate. If it falls below $1.60 then that is game over.
Xmas is coming but who has money to spend? Very few. Are they going to limp onwards in the vain hope of an Xmas boom? But what use would it be? Everything that people will buy will be imported and the Dollars will just flow outwards during the last quarter q4
In February there will be another brinkmanship debacle over the passing or not of a rise in borrowing limits.Will people say, enough is enough?
As far as the Government is concerned what can be done? Well another War is always a good card to play. The jingoism begins and spend spend spend will happen, as it has done since the heady days of Vietnam and has continued onwards, through a plethora of Wars, since then.
The American Government is involved in a huge poker game buying chips from the Fed which are paid for by the taxpayer,never the Government. Even then, only the interest is being paid,just,with no hope of the principle ever being cleared off. Te Fed can hardly foreclose. ! What would happen? Would a big pencil come out and the Fed would take Hawaii or some other state? Of course,not. Will the printing presses ever stop or will hyper inflation,as happened in the Wiemar Republic between ww1 and ww2 actually happen?
If I lived in America. I would be buying any currency instead of keeping my cash in Dollars. Australian Dollars or UK sterling look good. The Euro is too risky. Go to a travel agency
and get rid of Dollars,quickly .
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