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To: XEHRpa

That’s the thing . . . everyone’s plowing their money into the boat that’s sinking the slowest.


18 posted on 10/23/2008 8:57:06 PM PDT by 1rudeboy
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To: 1rudeboy
You got it! The dollar is up because we are better than the socialists. That doesn't have to last. We have known for years now that the Arabs, Chinese, Japan, and several others have been plowing money into the US debt because it's the better bet than any other. That could change at any moment and you ain't seen nuttin yet. The value of the dollar is only what someone thinks its worth. With 10 trillion in debt, it ain't worth much. The house of cards could come down in seconds.

There are many enemies out there that pray every day that we become a 3rd world mess like they are. It could happen and it looks more possible every day. I remember most of my life looking at places like Brazil and Argentina that paid 28% interest on their bonds and still couldn't raise a dime. Instead of elections they just had a coup every 2 or 3 years and told the IMF to shove it.

29 posted on 10/23/2008 9:22:08 PM PDT by chuckles
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