How much more stimulus are they going to throw at this crisis??? Going to get even more interesting as 2010 continues.
it doesn't matter. this is the end game people don't trust paper currencies anymore they will eventually get GDP in dollars +10% what will it change? buy gold, you already lost 80% if you have been in dollars in the last 10 years but at least there is a chance to save something
I think the overwhelming majority still believe in paper currencies. On some non-trading forums I see people saying "It doesn't matter what our debt is, it's not like they can actually claim that debt." They are implying that our military will step in if a foreign power tried to collect on debt. That is their reasoning for the strength of the dollar and our economy. They actually believe this. Try to bring up credit ratings and investments and they just totally ignore it.
Or if you're a saver/depositor, you deposit $100 into the bank and at the end of the year you $95 :eek: