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<p>[QUOTE=&quot;Rono, post: 445183, member: 6492&quot;]<b>Everyone is fleeing to the Dollar</b></p><p><br /></p><p>Howdy folks,</p><p>&nbsp;</p><p>Right now the dollar is showing some grand strengh but it&#039;s because everyone the world over is selling their stocks (and everything else) and fleeing to the dollar for safety.&nbsp; It has nothing to do with the soundness of the dollar.&nbsp; Hell, they just spent $1 trillion they don&#039;t have on the banking crisis.&nbsp; </p><p>&nbsp;</p><p>The admitted national debt is $10-11 trillion.&nbsp; The unfunded debt is $50-60 trillion and this includes social security, medicaid, trust funds, etc.&nbsp; People, you simply cannot cut benefits and/or raise taxes sufficiently to cover this tab.&nbsp; The only solution is for them to monetize it - this means printing shiny new dollar bills to pay it.&nbsp; They&#039;ll try to avoid hyper-inflation with a combination of solutions - and to keep the system in place.&nbsp; I don&#039;t know if they&#039;ll succeed.</p><p>&nbsp;</p><p>Yesterday at the congressional testimory, an S&amp;P email stated &#039;Let&#039;s hope we&#039;re retired or out of the market before this house of cards collapses&#039; dated 2006.&nbsp; &nbsp; </p><p>&nbsp;</p><p>Well, it&#039;s collapsing and folks are trying to get whatever they can in dollars because it&#039;s what they&#039;ve known.&nbsp; Me, I&#039;m buying gold and silver.&nbsp; </p><p>&nbsp;</p><p>The dollar is toast.&nbsp; What you&#039;re watching is the fat lady singing for it.</p><p>&nbsp;</p><p>rono[/QUOTE]</p><p><br /></p>

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