Originally Posted by Phil Hoskins
Ardy, you assume the proposed mega-bailout will avoid the "very deep" I am less sanguine about that.

You are quite right, Phil.

No matter how excellent the bail-out might be, the loss in value of the US dollar and its end as the standard of international currency are unavoidable. The US has no choice but print vast amounts of money ---- or the sophisticated equivalent. The dollar will be worth much less, and destabilizing inflation is inevitable.

P.S. The bail-out will not be excellent, of course.
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Last edited by numan; 09/20/08 07:18 PM.