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Tsunami will end the Dollar

 
Ohio Dude
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User ID: 826185
United States
03/14/2011 08:12 AM
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Tsunami will end the Dollar
The Tsunami will end the reign of the US dollar.


Japan will sell off its supply of US debt to pay for the clean up and rebuild. It will have to sell at a discount in order to sell it all. Immediately the debt will have less value and other countries will sell theirs off at even less value in a panic to get rid of it.

Very quickly the US will find that it can not sell any new debt at all, except at large interest rates, and even that will not be enough by the end of the year, probably quicker.

If that isn't enough depression doom the US dollar will fall so out of favor that it will no longer be the universal money standard. Good bye and good night US.
Anonymous Coward
User ID: 1295836
Switzerland
03/14/2011 08:21 AM
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Re: Tsunami will end the Dollar
Don't worry, the FED wil buy it all up, and you won't even ever hear about it ...

$ will only die when THEY want it, not before,

tick, tick, tick ...

don't hold your breath though.
Anonymous Coward
User ID: 1250265
United States
03/14/2011 08:23 AM
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Re: Tsunami will end the Dollar
end of 2012
Anonymous Coward
User ID: 69144
United States
03/14/2011 08:24 AM
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Re: Tsunami will end the Dollar
Don't worry the evil federal reserve will print up more worthless money.





GLP