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Sunday, May 24, 2009

Dollar Collapse?

Friday the dollar drops to a yearly low against the euro. OK so how severe can this coming dollar collapse become? Well, you are seeing the Chinese refuse to buy our treasury bills. This means that T-Bills are going up. I predict the long bond will increase in yield. The game of us buying cheap Chinese goods using worthless green pieces of paper is over.

Ok the future of finance is that we must cut back on spending. In the future we must consume less and produce more.

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