[quote=Hatfield]Something else to keep in mind – it’s not just the US dollar that’s in peril. As f—-d as we are, Europe is in far, far worse shape. The Euro currency is in serious peril. Even the Swiss (the Swiss!) are debasing their currency. The dollar is strong right now only because the other major world currencies are in worse shape than we are. I interpret all of this is very bullish for gold. [/quote]
Hat, I keep hearing the same thing about Europe’s predicament, and I must confess that my knowledge is sparse here. But isn’t it the case that the ECB has chosen NOT to inflate it’s way out of this mess?
“EU presidency: US economic plans ‘a road to hell'”
Granted, the whole world is in a world of s*** now, but am I missing something, or would people not gravitate to a currency that is not being debased as quickly as the dollar? I am not challenging you; I simply want to understand the thought process. I personally have come to suspect most of the information coming out of the U.S. mainstream media, and their goal in recent months seems to be aimed at trashing Europe with the “we suck, but they suck more” argument for supporting the dollar.
