disorderly dollar decline

[kittydashwood]

From Doug Noland’s Credit Bubble Bulletin, Commentary, 07/09/04:

“Outside the Box”

How the world might change in the event of an abrupt and potentially disorderly dollar decline…in such circumstances, it does not take a wild imagination to envisage a global flight to “stores of value,” including aggressive energy, metals and commodities procurement. Panic buying of the limited number of perceived safe currencies would be expected. And, really, I don’t think it requires a dangerous mind to daydream about a wild commodities bidding war, one pitting the enterprising speculators against panicked central bankers. But I’m getting ahead of myself…

[whatsup]

Oooooooooooooh, Kitty I see that the conspiricy theoriests are alive and kicccccccccking!!!!

[Halebop]

A sobering thought KD.

I'd call it more a theory than a conspiracy theory though Whatsup! ;)

I don't know the likelihood of these things (and certainly don't pretend to understand them) but they seem to rely more on the consumption side of the equation than the productive one. An irony that "developing" or "3rd world" China would be a growing source of credit for them. Perhaps communism will win after all?