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<p>[QUOTE=&quot;JoeSmith, post: 725872, member: 18021&quot;]The world is calling for the end of dollar hegemony.&nbsp; Political stability?&nbsp; The government is taking over more and more of the economy, bankrupcy courts are re-writing or ignoring laws about bond holders vs stock holders, and it really isn&#039;t looking like we&#039;re going to start producing much in the foreseeable future.&nbsp; </p><p><br /></p><p>Its like you loaned your brother-in-law some money.&nbsp; Then, instead of paying you back, he tells you he&#039;ll lose his job unless you loan him some more so he can fix his car.&nbsp; He owes you money already, you don&#039;t want him to lose his job, so you loan him some more.&nbsp; But you see that he keeps spending more than he makes, and he&#039;ll never be able to pay you back, he&#039;ll just need to keep borrowing more.&nbsp; After awhile you&#039;ll just cut him lose, and he will lose his job and you&#039;ll never get your money, or you might loan him the money to fix his car if he&#039;ll agree to let you manage his money for him, and force him to live within his means.&nbsp; The next time we have a financial crisis and try to sell a few hundred billion more of our t-bills to the Chinese, they might not be so willing.</p><p><br /></p><p>This has been a long time coming.&nbsp; Its just that we keep moving faster in that direction.&nbsp; There is nothing to replace the dollar, but one can be created in a few days or hours.[/QUOTE]</p><p><br /></p>

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