Quote:
Originally Posted by mikey_the_redneck
I think America will take a big step backward when the rest of the world decides not to use the U.S. dollar as the standard currency for international trade.
Ultimately, the City of London and Wall Street decide who is going to be the big player...
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The Fed's expansive monetary policies since the early 1990s can be seen as the magic wand of liquidity. With the wand, the Fed has created an illusion of boundless econonomic prosperity. Many other things are confirming that this wont continue like this. As a simple example Chart Silver over the past 10 years as it has moved up from $4/oz. to $28/oz. Memo to Bernanke prices going up are not deflation
"With all due respect, U.S. policy is clueles,' German Finance Minister Wolfgang Schaeuble.