posted on Sep, 28 2008 @ 07:33 AM
Hi to all,
It looks like the this bailout plan is coming to an end but it will hurt and devalue the US dollar against all major currencies so it will equal to
ZERO to all against other major currencies and this is a fact. No more dollar bills are going to be printed after the Feds announced the 700B plan to
rescue the financial sectors, which means the dollar will no longer exist by next year.
As a matter of fact, the US is planning to convert its currency to EUROS.
Because Europe will grow stronger and stronger and will outbeat it economically.
Even countries in Eastern Europe have or will be economically strong than the US.
So, the US dollar will all euql to ZERO at all currency stands against all major currencies and by next year the US has to convert to Euros.
Think about it....700B bucks is alot of money. So no more dollars will be printed and investors will be attracted to commodities like oil and gold.
Anyone with additional opinions are welcome.