General Congreve Posted November 25, 2010 Share Posted November 25, 2010 A theoretical news synopsis of the day the dollar turns to toilet paper in Dec. 2012. http://www.zerohedge.com/article/day-dollar-died Quote Link to comment Share on other sites More sharing options...
tomwatkins Posted November 25, 2010 Share Posted November 25, 2010 A theoretical news synopsis of the day the dollar turns to toilet paper in Dec. 2012. http://www.zerohedge.com/article/day-dollar-died So that would make the Pound, Euro and a few more toilet paper in 2011. Or what am I missing here? Quote Link to comment Share on other sites More sharing options...
MrFlibble Posted November 25, 2010 Share Posted November 25, 2010 Brilliant, I love it. QE4 - you know it's coming... Quote Link to comment Share on other sites More sharing options...
Realistbear Posted November 25, 2010 Share Posted November 25, 2010 A nation "dies" along with its ability to trade when its GDP dimishes to almost zero. Rumour has it that the US GDP is still higher than everyone elses. The Euro probably faces an earlier death than the $ IMO. Unless, of course, Germany can bail out the rest of the EZ. Quote Link to comment Share on other sites More sharing options...
General Congreve Posted November 25, 2010 Author Share Posted November 25, 2010 A nation "dies" along with its ability to trade when its GDP dimishes to almost zero. Rumour has it that the US GDP is still higher than everyone elses. The Euro probably faces an earlier death than the $ IMO. Unless, of course, Germany can bail out the rest of the EZ. I'm with you Realist Bear. The rush out of the dollar into the Euro reported near the end didn't ring true to me either. Not to say it wouldn't happen if Germany manages to keep the EZ bailed out for a while and the dollar dives first, but it could easily happen in a different order. Quote Link to comment Share on other sites More sharing options...
Peter Hun Posted November 25, 2010 Share Posted November 25, 2010 So that would make the Pound, Euro and a few more toilet paper in 2011. Or what am I missing here? Its a Gold ramping thread and should be moved.... Quote Link to comment Share on other sites More sharing options...
General Congreve Posted November 25, 2010 Author Share Posted November 25, 2010 Brilliant, I love it. QE4 - you know it's coming... Are you sure? I think they'll raise interest rates instead and watch the housing market, banks and economy go into total meltdown instead We've gone too far down the path into the nightmarish woods now and lost our way completely. Which path leads out? QE and ZIRP or high interest rates and no QE? Neither, we're totally lost, both paths now lead to the evil witch's house! Sleep well children. Quote Link to comment Share on other sites More sharing options...
ken_ichikawa Posted November 25, 2010 Share Posted November 25, 2010 A nation "dies" along with its ability to trade when its GDP dimishes to almost zero. Rumour has it that the US GDP is still higher than everyone elses. The Euro probably faces an earlier death than the $ IMO. Unless, of course, Germany can bail out the rest of the EZ. Except GDP has been faked for a long time, debt, home owners (no mortgage) are included in GDP for the rent they should pay if they didn't own. Faster cars and computers are counted as an increase in GDP. Printing money is counted in GDP. Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted November 25, 2010 Share Posted November 25, 2010 Quote Link to comment Share on other sites More sharing options...
General Congreve Posted November 25, 2010 Author Share Posted November 25, 2010 (edited) Its a Gold ramping thread and should be moved.... QE and ZIRP are directly related to house prices, they keep them artificially inflated at the expense of the relevant currency. This topic deals with the potential side effect of govts. efforts to prevent an HPC via QE and ZIRP. Edited November 25, 2010 by General Congreve Quote Link to comment Share on other sites More sharing options...
Arbitrage Posted November 25, 2010 Share Posted November 25, 2010 Its a Gold ramping thread and should be moved.... In paper we trust! Got the rubber underpants? Quote Link to comment Share on other sites More sharing options...
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