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Old 12-17-2008, 03:47 AM
  #3  
s_ebels
Senior Member
 
Join Date: Mar 2006
Location: Northern Lower Michigan
Posts: 2,547
Default Re: 1 U.S. dollar = 88.8 Japanese yen

The US dollar is going in the crapper. A government cannot "manufacture" the amount of currency that our Treasury just did and have any hope of maintaining that currencies value. My guess is that they just created a dinosaur. The $ will not survive this, at least not in its current form. Something else will be in place within a couple years. Look for the OPEC people to start demanding payment in something other than our good ole' greenback within a year. Try to physically buy any precious metals lately? Hmmmm. I wonder who's snapping that stuff up? We are screwed.
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