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Isis Pharmaceuticals, Inc. Message Board

  • sourdough27a sourdough27a Jan 22, 2013 9:56 AM Flag

    What if China walks away from Dollar Bonds?

    All we have left is Ben's monetized debt to support the dollar. It will support the debt because they are dollar denominated bonds, but at some point the rest of the world will turn up their noses at those bonds and that is when the house of cards tumbles and never has a debasement of money ended in any other way. Everyone should read The Decline and Fall of the Roman Empire, by Gibbon.

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    • Sour, I have discovered two truths: 1. I have been so hard at work over last month that I missed the ISIS price up; (2) the USA may no longer be the country to watch any more. That's too bad. There isn't much of an alternative.

    • Then the Chinese currency goes thru the roof. Americans are generaly too provincial in their outlook to be effective currency speculators. There are soo many nations closer to the edge than the good old USA.America will do the right thing which is dramaticly reduce govt. expenditures but only after they have exhausted all the stupid moves first.

      • 1 Reply to ubuy2wron
      • Almost all reserve currencies except perhaps the yen will go up relative to the dollar. Although USA stocks may continue to rise, they will fall relative to a basket of currencies. Oil for instance, which is now priced in dollars will rise in price for Americans relative to others. By mid 2015, if spending keeps up like this, and Obama does not seem inclined to worry about spending, monetary policy will no longer be able to contain the damage and Ben or his successor will have no other option but to completely debase the currency of the USA. It will be the only way to pay the bills, or alternately, government will confiscate assets by raising taxes beyond a level where GDP can be sustained, to pay its bills and Obama will have his "collective society".

 
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