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Thread: Day of reckoning for the U.S. dollar

  1. #1

    Day of reckoning for the U.S. dollar

    The U.S. dollar's day of reckoning may be inching closer as its status as a safe-haven currency fades with every uptick in stocks and commodities and its potential risks - debt and inflation - are brought under a harsher spotlight.
    http://www.financialpost.com/news-se...tml?id=1612964

    No kidding?



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  3. #2

    Not just the dollar

    British pound cannot survive this:

    In his budget last month, Britain's finance chief Alistair Darling predicted that the country's debt position, which aggregates borrowing through the years, is expected to rise to 59 percent of gross domestic product in 2009-10, rising to a peak of 79 percent in 2013-14. When the government came into office in 1997, it said one of its main economic policies was to keep debt around 40 percent.

    The statistics office said earlier that net debt stood at 53.2 percent of GDP at the end of April.

  4. #3
    What industry in Britian can pay off the debt? Their financial industry is a wreck and the north sea is in decline.

  5. #4
    Quote Originally Posted by stag15 View Post
    What industry in Britian can pay off the debt? Their financial industry is a wreck and the north sea is in decline.
    Prostitution? Some british girls are hot...

  6. #5
    Quote Originally Posted by hugolp View Post
    Prostitution? Some british girls are hot...
    No way dude.. they got Posh Spice, that Hermine girl who just turned 18 from Harry Potter, Elizabeth Hurley, and Keira Knightly. That's it. Four hot chicks does not a national bailout make.

  7. #6
    *** scratches head ***

    To whom is all of this debt owed? Maybe the mortgage should be re-structured.

  8. #7
    Wonder how long before the U.S. T-bill is just another 'toxic asset'?
    Quote Originally Posted by DamianTV View Post
    Define Terrorist please.

    According to, well, pretty much both political parties, the other party is now guilty of Terrorism.
    Listening to the mainstream media is like standing under a power line when the birds are migrating.

  9. #8
    Quote Originally Posted by PaulaGem View Post
    To whom is all of this debt owed?
    That, Paula, is THE question of the 21st century...along with "where is all the money actually going?"
    People should not be afraid of their governments -
    governments should be afraid of their people.

    In times of change, the Patriot is a scarce man; brave, hated and scorned. When his cause succeeds, however, the timid join him, for then it costs nothing to be a Patriot.
    ~ Mark Twain

    Audemus Jura Nostra Defendere: We Dare To Defend Our Rights!



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  11. #9
    Quote Originally Posted by acptulsa View Post
    Wonder how long before the U.S. T-bill is just another 'toxic asset'?

    makes you wonder
    "Liberty lies in the hearts of men and women; when it dies there, no constitution, no law, no court can save it; no constitution, no law, no court can even do much to help it."
    James Madison

    "It does not take a majority to prevail ... but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men." - Samuel Adams



    Μολὼν λάβε
    Dum Spiro, Pugno
    Tu ne cede malis sed contra audentior ito

  12. #10
    I keep hearing talk of the British Pound being in trouble but isn't it strengthening right now? Isn't it the strongest currency right now?

  13. #11
    Quote Originally Posted by PaulaGem View Post
    *** scratches head ***

    To whom is all of this debt owed? Maybe the mortgage should be re-structured.
    Or the debt holder should be put out of business.
    If I was a huge country and in debt to a huge bank, I believe I would burn down the bank or at least seize their books.

  14. #12
    Last trade 80.369 Change -0.821 (-1.06%)
    NC doesn't need ThomTillis as the Republican nominee for US Senate.



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