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Will the fed monetize toilet paper?
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<p>[QUOTE="longnine009, post: 4284815, member: 1886"]I'm not sure they had a lot of choices but the world is the greater fool for denominating their debt in dollars. Now they have to service that debt with a continually rising dollar which creates more demand. Defaults and "challenges" stemming from rising dollar value just causes more demand for dollars when capital flees the freak show and comes over here. Chain reactions usually don't end well do they? The debt zoo has only just begun. The dollar, IMO, is strutting like Mick Jagger. At least for now.</p><p><br /></p><p>[MEDIA=youtube]XCMrXC8D05Q[/MEDIA][/QUOTE]</p><p><br /></p>
[QUOTE="longnine009, post: 4284815, member: 1886"]I'm not sure they had a lot of choices but the world is the greater fool for denominating their debt in dollars. Now they have to service that debt with a continually rising dollar which creates more demand. Defaults and "challenges" stemming from rising dollar value just causes more demand for dollars when capital flees the freak show and comes over here. Chain reactions usually don't end well do they? The debt zoo has only just begun. The dollar, IMO, is strutting like Mick Jagger. At least for now. [MEDIA=youtube]XCMrXC8D05Q[/MEDIA][/QUOTE]
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