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24 comments on UPDATE: Greenspan Clarifies. Well, kinda.

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SacredCowTipper on September 17, 2007 - 6:00pm

Succinct article on "dollar rot" in a relatively mainstream publication.

http://www.moneyweek.com/file/34736/prepare-to-sell-as-dollar-rot-sets-i...

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LevinK on September 17, 2007 - 7:17pm

This has been predicted for... I think 30 years now. I know, I know... my mommy also used to tell me "you can't time the market, son". I don't think I'm timing it, I just don't think it will play out this way. It won't be a dollar collapse. What will it be? Well, I think it is obvious that central banks sleep in the same bed. If the dollar begins to runway ECB and Bank of Japan will make sure to flood the market with euros and yens respectively. Where will all those poor saver's money go? Thai bahts? Anyone know if there is a market for those at all? How liquid is it?

Of course all of us working-401K-waiting-suckers will be screwed because of this, but like the article rightfully pointed out - saving the status of the West trumps all other considerations. 401K suckers don't even qualify.

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DIYer on September 18, 2007 - 6:56am

"you can't time the market, son"

It's why I invest in Braniff. It's really cheap right now, ...

| _{The problem will solve itself.}| _{But not in a nice way.}

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“Of all races in an advanced stage of civilization, the American is the least accessible to long views… Always and everywhere in a hurry to get rich, he does not give a thought to remote consequences; he sees only present advantages… He does not remember, he does not feel, he lives in a materialist dream.”

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