This is a Dutch (Netherlands) documentary from 2005. It is about a ‘Worst Case’ scenario where speculation on the currency exchange market plus a substantial sell-off of dollars from a ring fence fund cause a chain reaction in the market, the economy and the biased logic. I uploaded it as it is silent astonishing what similarities the ‘expected’ events have – with what we have seen in the past months since the sub-prime mortgage market broke baggy. Manufacturing (global economy/trade) came to an nearly grinding halt. And what we see right now (or will see) with quantitative easing/low interest rates in the US&UK or the debates what is the right and what is incorrect approach. And what biased tension it can make (as we have seen in the discussions and observations at Davos Jan 09).
US unfunded medicare and social security liabilities reported by their board of trustees for 2009 is over 100 trillion dollars. Many baby boomers retiring and not paying in to that any longer and for the next coming years. This will lead to higher taxes with a dollar that will be worth less and less. …..Also be aware that by 2012 over 1.2 trillion dollars in ALTA-A and OPTION ARMS (flexible rate mortgages will readjust. We already know the default rate on these ARMS is around 60 %.
squeezetruck what justbourlier is saying is that the longer it goes the worst correction we will have justboulier is right in that we need to have this end sooner than shortly.
They own nearly a quarter of our treasury debt. Without an check of the fed, there’s no telling how much they in fact own tho since they could easily buy bonds thru other central banks. I’m certainly in agreement with you that they’re losing fascinating in maintaining the value of the dollar. In all honesty, I hope they do, so we can get through the pain earlier. The more this goes on, the worse it’s going to hurt when the house of cards falls.
Reckon so? Are you under the mistaken and oft-quoted belief that they hold 2 Trillion in US dollars. Nope. The most they were ever reported to hold (authoritative map) was 800 billion, and with the exchange swaps, stimulus, and buys of gold/commodities, there are reports that total holdings are barely half that now. They have a diminishing interest in maintaining the value of the dollar.
yup, pretty soon they’ll be the huge consumers, along with the OPEC nations, and living a better life because of it.
Well, I agree, but the Asians themselves are perfectly capable of purchasing the equipment that they themselves yield.
China would suffer if the dollar tanked as well. They hold SOOO much of the US debt, that it’ll cost them, plus most of their products are bought by american consumers. But, once China weather’s that, they’ll be in a much better place.
China cannot be defeated by Services so the US will collapse it by Economics – China take out you $ from the US NOW
5000 views and 13 ratings?