Mudcat Café Message

sj

User Name	Thread Name	Subject	Posted
GUEST,donuel	BS: How low can it go? (USD question) (51* d)	RE: BS: How low can it go? (USD question)	24 Nov 04
It was only expected to drop 42 cents. It is aproaching a 46 cent drop. If anyone here remembers I wrote about how George Soros turned all his dollars into Euros 2 years ago and has made a cool billion. On a $400,000 exchange even last year one would have made over $100,000. China can now dictate its financial terms to the US. (this is a rather extended and complex subject I'll cut short) HOW low will the dollar go? Never mind the exchange rate - for the people in the US who are not billionaires, there is a 90% chance that inflation will eat into their holdings to the point where the super rich will be able to buy up the magority of all the real estate at 10 cents on the dollar. I refer you to the Boston Herald piece on Economic Armegedon today if you not yet seen it.

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