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The US Dollar ‘game’

Saturday, September 15, 2012 @ 09:09 PM
Dr Ioannis Syrigos

How is it possible a country with $1.16 trillion deficit to be considered as an economy that grows? And the deficit is more than 1 trillion for the fourth consequent year.

Similar situation but with smaller numbers exists in Europe.

And the solution  is printing more and more money out of thin air. Fed and ECB follow exactly the same path. And instead of solving the problem, they make it grow bigger and bigger. The gap between social classes grows bigger and bigger.

The markets lose their confidence in dollar and euro as well as the current monetary system.

However we see that the dollar is strong and at the same time, even if Europe is going down fast, you see the markets to react in a complete insane way. That is an abnormal behaviour, like someone is trying to postpone the inevitable for a little bit longer. But postpone it until when?

My guess is that a few things are postponed until the US elections are over. And after that a series of events will begin that will have a domino effect in most of the countries of the world. Events like countries getting out of the Euro (Greece, Italy, Spain, Ireland etc), the eventual collapse of the Euro, the war in Iran, the eventual collapse of the dollar etc.

If an economic collapse happens it will be bigger than anything else in the recorded history and its effects will be worldwide.

And my guess is that we are indeed on the verge of a big change in the current financial system, a global collapse of the current monetary system and the creation of a new one. Better or worse, only time will tell.

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