Re: Forecast: U.S. dollar could plunge 90 pct
- From: Robert Sturgeon <rsturge@xxxxxxxxxxx>
- Date: Tue, 29 Jul 2008 08:09:09 -0700
On Mon, 28 Jul 2008 18:06:31 -0700, "John R. Carroll"
<jcarroll@ubu,machiningsolution.com> 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.
Wow, it's like you two actually understand what each other
is writing! How do you decode the gibberish?
But seriously, folks, the U.S. "devalued" the dollar in
1971. It's been all downhill ever since. The only variable
has been the rate of decline.
--
Robert Sturgeon
Alcohol, Tobacco & Firearms should be a convenience store, not a government agency.
http://www.vistech.net/users/rsturge/
.
- References:
- Re: Forecast: U.S. dollar could plunge 90 pct
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- Re: Forecast: U.S. dollar could plunge 90 pct
- From: John R. Carroll
- Re: Forecast: U.S. dollar could plunge 90 pct
- From: hal
- Re: Forecast: U.S. dollar could plunge 90 pct
- From: John R. Carroll
- Re: Forecast: U.S. dollar could plunge 90 pct
- From: hal
- Re: Forecast: U.S. dollar could plunge 90 pct
- From: John R. Carroll
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