Re: Forecast: U.S. dollar could plunge 90 pct

John R. Carroll wrote:
hal@xxxxxxxxxx wrote:
On Mon, 28 Jul 2008 16:51:55 -0700, "John R. Carroll"
<jcarroll@ubu,machiningsolution.com> wrote:

hal@xxxxxxxxxx wrote:
On Mon, 28 Jul 2008 13:58:46 -0700, "John R. Carroll"
<jcarroll@ubu,machiningsolution.com> wrote:


In 1934 Roosevelt devalued the dollar to 90 cents on the dollar
and it came back just let you know.
so are you saying that "devaluing the dollar to 90 cents on the
dollar" is the same as the dollar devaluing 90%?

Are you saying that there would be any practical difference either
way? LOL
yes, 80 cents on on the dollar.
Which you would be short in the event.
Broke is broke.
there's a hell of a lot of difference between a devaluation of 10% and
for 90%.

An official devaluation of the dollar even by one cent will bring about the
sort of mayhem you and I haven't seen in our lifetime.
On that basis, it's all the same.


The dollar is devalued when debt bearing individuals and institutions
are bailed out. The more recent being Fannie and Freddy Mae.

The dollar is devalued every time the federal reserve distributes more
notes than are removed from circulation.






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