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14th April 2015, 02:13 PM
#18
Great Value Carrots
Re: Has anyone published saying the US dollar WILL NOT collapse?
There will be no re-set, because re-sets are noticeable and unnecessary. That's what inflation is for. Simply erode the currency by 1-5% per year forever. When the going gets tough, erode it by 5-15% for a few years, and explain it as temporary, like the 1970's.
The U.S. has about as much debt as the entire money supply. So the entire debt could be wiped out with 50% inflation for one year. But that won't happen. It will be 5% inflation over 10 years.
For those who say that our unfunded obligations are 5x that amount, then fine. That's the 75-year outlook. That can be handled with 3.5% annual inflation over a 75-year period. More some years, less other years. This is why you have precious metals.
Other countries are in such worse shape than the U.S. Wake me up when the Euro and Yen collapse.
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