What Schiff is describing as possibly happening, the melt down of the dollar
by inflation in other countries may seem farfetched for us living here in
the Empire.
.
But if we recall the collapse of the NASDAQ, then the consumer bubble
followed by the housing bubble and now the investment bubble all where
predicted..... not to happen...because they couldn't as all markets we where
told will go up.
Will the countries holding dollars at some point find they have little
choice but to dump them on the world market and watch them turn to paper
Mache?
I would say, yes...As these central banks ultimitly will have no other
option.
And what does that mean for people living in the horn of plenty? It will
mean plenty of inflation.
And for those folks who might say so what! "so what" won't pay for the
groceries or the gas in the car.
As too a time line.
No one can predict that one as it is determined by the foreign central banks
when they dump the dollar. But what I am noticing is the dollar seems to be
sinking with a new determination. And of course food commodities, precious
metals and oil continue to climb.
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