Comments on: Rosenberg: The U.S. dollar could be next http://www.creditwritedowns.com/2009/07/rosenberg-the-u-s-dollar-could-be-next.html a finance news and opinion site Mon, 22 Mar 2010 06:53:58 +0000 hourly 1 By: Iceland and the Wonders of Competitive Currency Devaluation | Genuine Forex Tradinghttp://www.creditwritedowns.com/2009/07/rosenberg-the-u-s-dollar-could-be-next.html#comment-5910 Iceland and the Wonders of Competitive Currency Devaluation | Genuine Forex Trading Mon, 27 Jul 2009 07:07:54 +0000 http://www.creditwritedowns.com/2009/07/rosenberg-the-u-s-dollar-could-be-next.html#comment-5910 [...] depression or high water. In the case of Spain or Ireland, they are already in. America certainly wishes it could depreciate the currency as well. But since its main problem on the currency front is in Asia and those currencies are [...] [...] depression or high water. In the case of Spain or Ireland, they are already in. America certainly wishes it could depreciate the currency as well. But since its main problem on the currency front is in Asia and those currencies are [...]

]]> By: Viral Stash Financial News » Iceland and the Wonders of Competitive Currency Devaluationhttp://www.creditwritedowns.com/2009/07/rosenberg-the-u-s-dollar-could-be-next.html#comment-5908 Viral Stash Financial News » Iceland and the Wonders of Competitive Currency Devaluation Mon, 27 Jul 2009 06:00:20 +0000 http://www.creditwritedowns.com/2009/07/rosenberg-the-u-s-dollar-could-be-next.html#comment-5908 [...] depression or high water. In the case of Spain or Ireland, they are already in. America certainly wishes it could depreciate the currency as well. But since its main problem on the currency front is in Asia and those currencies are [...] [...] depression or high water. In the case of Spain or Ireland, they are already in. America certainly wishes it could depreciate the currency as well. But since its main problem on the currency front is in Asia and those currencies are [...]

]]> By: Iceland and the Wonders of Competitive Currency Devaluation - Daily Buzzhttp://www.creditwritedowns.com/2009/07/rosenberg-the-u-s-dollar-could-be-next.html#comment-5909 Iceland and the Wonders of Competitive Currency Devaluation - Daily Buzz Mon, 27 Jul 2009 06:00:20 +0000 http://www.creditwritedowns.com/2009/07/rosenberg-the-u-s-dollar-could-be-next.html#comment-5909 [...] depression or high water. In the case of Spain or Ireland, they are already in. America certainly wishes it could depreciate the currency as well. But since its main problem on the currency front is in Asia and those currencies are [...] [...] depression or high water. In the case of Spain or Ireland, they are already in. America certainly wishes it could depreciate the currency as well. But since its main problem on the currency front is in Asia and those currencies are [...]

]]> By: Iceland and the wonders of competitive currency devaluation - Credit Writedownshttp://www.creditwritedowns.com/2009/07/rosenberg-the-u-s-dollar-could-be-next.html#comment-5904 Iceland and the wonders of competitive currency devaluation - Credit Writedowns Sun, 26 Jul 2009 22:34:44 +0000 http://www.creditwritedowns.com/2009/07/rosenberg-the-u-s-dollar-could-be-next.html#comment-5904 [...] or high water.  In the case of Spain or Ireland, they are already in.  America certainly wishes it could depreciate the currency as well.  But, since its main problem on the currency front is in Asia and those currencies [...] [...] or high water.  In the case of Spain or Ireland, they are already in.  America certainly wishes it could depreciate the currency as well.  But, since its main problem on the currency front is in Asia and those currencies [...]

]]> By: attitude_checkhttp://www.creditwritedowns.com/2009/07/rosenberg-the-u-s-dollar-could-be-next.html#comment-8056 attitude_check Fri, 17 Jul 2009 23:47:24 +0000 http://www.creditwritedowns.com/2009/07/rosenberg-the-u-s-dollar-could-be-next.html#comment-8056 A devalued $ is exactly what we need. We have had on over-valued $ for at least 30 years, propped up through the joint action of the US Fed and other Central banks, that hold much of the US external debt. That has resulted in it being cheaper to make cheap platic pots in China, and ship them across the Pacific, than make domestically. This has resulted in the death of US-based manufacturing and the resulting explosion in the US trade deficit. It is clearly unsustatinable to have large trade imbalances, that are financed by foriegn borowing. EVENTUALLY you have to pay it back - or default. We are now choosing default through $ devaluation, but at least it will rebalance the world economy and trade flows. It WILL BE IMMENSELY painfull however.<br><br>Only one thing to do in the short term -- buy Gold/Silver, and after the devaluation invest in domestic US manufacturing. A devalued $ is exactly what we need. We have had on over-valued $ for at least 30 years, propped up through the joint action of the US Fed and other Central banks, that hold much of the US external debt. That has resulted in it being cheaper to make cheap platic pots in China, and ship them across the Pacific, than make domestically. This has resulted in the death of US-based manufacturing and the resulting explosion in the US trade deficit. It is clearly unsustatinable to have large trade imbalances, that are financed by foriegn borowing. EVENTUALLY you have to pay it back – or default. We are now choosing default through $ devaluation, but at least it will rebalance the world economy and trade flows. It WILL BE IMMENSELY painfull however.

Only one thing to do in the short term — buy Gold/Silver, and after the devaluation invest in domestic US manufacturing.

]]> By: attitude_checkhttp://www.creditwritedowns.com/2009/07/rosenberg-the-u-s-dollar-could-be-next.html#comment-5839 attitude_check Fri, 17 Jul 2009 17:47:24 +0000 http://www.creditwritedowns.com/2009/07/rosenberg-the-u-s-dollar-could-be-next.html#comment-5839 A devalued $ is exactly what we need. We have had on over-valued $ for at least 30 years, propped up through the joint action of the US Fed and other Central banks, that hold much of the US external debt. That has resulted in it being cheaper to make cheap platic pots in China, and ship them across the Pacific, than make domestically. This has resulted in the death of US-based manufacturing and the resulting explosion in the US trade deficit. It is clearly unsustatinable to have large trade imbalances, that are financed by foriegn borowing. EVENTUALLY you have to pay it back - or default. We are now choosing default through $ devaluation, but at least it will rebalance the world economy and trade flows. It WILL BE IMMENSELY painfull however.<br><br>Only one thing to do in the short term -- buy Gold/Silver, and after the devaluation invest in domestic US manufacturing. A devalued $ is exactly what we need. We have had on over-valued $ for at least 30 years, propped up through the joint action of the US Fed and other Central banks, that hold much of the US external debt. That has resulted in it being cheaper to make cheap platic pots in China, and ship them across the Pacific, than make domestically. This has resulted in the death of US-based manufacturing and the resulting explosion in the US trade deficit. It is clearly unsustatinable to have large trade imbalances, that are financed by foriegn borowing. EVENTUALLY you have to pay it back – or default. We are now choosing default through $ devaluation, but at least it will rebalance the world economy and trade flows. It WILL BE IMMENSELY painfull however.

Only one thing to do in the short term — buy Gold/Silver, and after the devaluation invest in domestic US manufacturing.

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