How else would you devalue a FIAT currency? Nothing else is going to work and they know it.
You're "fighting the Fed", IMO, and they run the presses. I think they'll freak if it breaks $1000 again, but otherwise they have too many...
Devaluation was the only way out other than deflation and depression.
No different if you are rich. You don't ever GET rich if you are borrowing to pay for frills.
I won't argue that. No different than me buying a show car or race car. Did I need them, no, but I enjoy them, and could easily afford them....
Platinum is just a commodity used mostly for catalytic converters, for which demand has dropped dramatically of late. Gold is money as far as...
If a certain nation hadn't buried itself in debt, it wouldn't be trying to avoid a depression tonight.
I'm amazed you believe that enough to bet actual money on it.
This is silly. Nobody cares. They were lucky the ships made it the whole way, and will be even luckier if they make it back.
Still driving a 40+ mpg beater car, here. Paid $1700 for it in 2004, its 11 yrs old now, still running well. I can't understand why people...
21 city, 29 highway looks quick, but needs to be 50 mpg highway to get my attention
The dollar needed to be devalued that the economy would survive.
They should all just get credit cards like us :)
Anyone want to guess what happens in the morning? The congress has decided to go home for the rest of the year. Bush doesn't want to use...
I read that AIG got another $10 billioon yesterday. It seems like its a "black hole of Calcutta".
Sub $600 my butt!
What's wild is that nobody knows WHO is on the hook for those CDS's, and IF they can afford to make good on them. So frigging dangerous... I...
Next bubble is US treasury bonds/bills. Already gone parabolic.
The problem is the trade deficit. If we send them our dollars and they don't buy anything we make, and won't LEND them back to us, either, our...
Its the newest bubble...
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