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Re: Willem Buiter warns of massive dollar collapse
Type 'dollar collapse' in youtube.com ; there is so much info out there.
The current attempt to inject money into the US economy will assist this decline. All the trillions being spent bythe US government are either being borrowed or printed.
In the last two or so years the dollar has fell around 50% of its value. Foreign governments holding billions of dollar have seen the value of their funds halved.
Governments will lose patience and dump dollars Then the panic will set in and there will be panic dumping and the dollar will go off the cliff.
Any fall in the dollar will also see disinvestment from the Us, as all assets there are obviously in dollars. This will lead to a massive recession.
In the past there has been no currency widely available to fill the dollar's place. Now there is the Euro.
One affect on Pakistan will be that the part of the Pakistani foreign debt that is in dollars will become cheaper and far easier to pay back.
Gold will go through the ceiling.
And American arms will become cheaper......
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