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| User Info | Pillars of deflationists' arguments disputed; entered at 2007-12-01 20:27:16 | |||
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Stazone72 Posts: 723 Registered: 2007-10-13 Chicago 
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So assuming my futures clearing or coin shop has a run, no cash for my gold. I could trade gold for food, housing, and beer but it would require a paradigm shift on the part of the sellers. But why wouldn't the FX markets devalue the dollar overall ? And those that supply the FED with money are using what to supply the debt ? The money for debt is from foreigners who don't want our debt anymore. Yet they are sitting on dollar reserves which are being devalued. They are also selling bonds which are being bought but by whom ? The FED or a FED member ? What happens to foreign reserves ? Do they appreciate when they realize their domestic problems are worse than ours ? Do our trade deficits rebalance and that causes dollar appreciation ? 2007-12-01 20:27:16
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