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new prediction
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<blockquote data-quote="CaryP" data-source="post: 21077" data-attributes="member: 34"><p><strong>Re: new prediction</strong></p><p></p><p>The debt bubble has grown to historic proportions Darkwing. The U.S. will "run out of money" when the foreign central banks stop buying dollars and buying Treasury debt. Signs of this are starting to appear. World opinion of the U.S. has been turning negative with the Iraq invasion and occupation. Air strikes or an outright invasion of Iraq could turn the foreign central banks away from U.S. dollar assets. The Federal Reserve has the ability to generate as many "dollars" (in reality Federal Reserve Notes) as it wants. The problem with flooding the economy with even more dollars is the undesired affect of a dollar crash, making it near worthless. But your premise of the U.S. "running out of money" is valid in that it takes money to prosecute ongoing global wars. Thanks for the link.</p><p></p><p>Cary</p></blockquote><p></p>
[QUOTE="CaryP, post: 21077, member: 34"] [b]Re: new prediction[/b] The debt bubble has grown to historic proportions Darkwing. The U.S. will "run out of money" when the foreign central banks stop buying dollars and buying Treasury debt. Signs of this are starting to appear. World opinion of the U.S. has been turning negative with the Iraq invasion and occupation. Air strikes or an outright invasion of Iraq could turn the foreign central banks away from U.S. dollar assets. The Federal Reserve has the ability to generate as many "dollars" (in reality Federal Reserve Notes) as it wants. The problem with flooding the economy with even more dollars is the undesired affect of a dollar crash, making it near worthless. But your premise of the U.S. "running out of money" is valid in that it takes money to prosecute ongoing global wars. Thanks for the link. Cary [/QUOTE]
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