posted on Oct, 6 2008 @ 09:16 AM
the silver lining is that the DOLLAR relative to other currency's has gained "value". and the dollar index has sustained it's rally above
the stock market was going to fall, that was inevitable IMO, but the dollar tanking and no longer becoming world reserve currency is IMO the BIG GAME=
which would lead to a new economic order in a long term bad way for america.
all the cyclical talk is flawed enough w/o realizing, that all the "cycles" have had the dollar as world reserve currency as the common denominator,
should that change, we have a cycle breaker. As of now we are facing a LONG, SEVERE recession (war likely as well IMO) , that is bad enough, should
we lose the world reserve currency (i.e) petro dollar we will likely face depression time will tell, this is going to be long and drawn out.
[edit on 6-10-2008 by cpdaman]