View Single Post
Old 05-04-2014, 03:37 PM
  #67  
ClarenceOver
Banned
 
Joined APC: Nov 2013
Posts: 962
Default

Originally Posted by WBTYM View Post
/\THIS/\

IF Russia and China do dump the dollar in trading oil, this could trigger a bad sequence of events. The end of the petrodollar would bring all those dollars home, where they would manifest in inflation and rising interest rates. That is when things get interesting...

Six months from now could be a whole different world.

The BitCoin intrigues me. If it can recover from the Mt Gox disaster, it could be seen as a refuge or lifeboat for wealth that will otherwise be ****ed away as inflation hits double digits.
They might dump it along with everybody else when it collapses and since its the world federal reserve there will be nowhere to run.
ClarenceOver is offline