October 6, 2007

current dollar devaluation

The current dollar devaluation today triggered the commodity boom in 2000; this secular market move will last another 10 to 20 years. During this process of adjustments of gross economic unbalances, the USA and western European financial system and their fiat currencies may cease to exist, especially the dollar. Wealth would have moved East and South. We may end up being several countries and Europe another Walt Disneyland but with stone castles instead of paper mache.




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