Author Topic: Under 0bama, will the dollar reach parity with the South Korean Won?  (Read 663 times)

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Offline Baruch Menachem

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The Won is worth about .09 cents.

There was a report that Gold has hit $1100 per oz.  (Us really old timers remember when it was worth $35)

What with Berenke's soft money, 0bama's spending, and the general collapse of employment, I was reading that some folks were predicting Weimar levels of inflation by next year.   I think that is just too much alarm and despondency and not enough reality.   But there is a sea of US money all over the rest of the world, and there are signs that the rest of the world isn't willing to buy out debt anymore.  Which means that the value of the dollar internationally is headed to the tank.

So, what do you thing about the prospects of inflation and such?
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Offline NHSparky

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Re: Under 0bama, will the dollar reach parity with the South Korean Won?
« Reply #1 on: November 17, 2009, 08:30:51 PM »
That bad?  No.  10-12 percent?  Absolutely.
“Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian.”  -Henry Ford

Offline declineofanation

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Re: Under 0bama, will the dollar reach parity with the South Korean Won?
« Reply #2 on: December 04, 2009, 06:07:08 PM »
I wouldn't be surprised if we reach parity with the yen.

Offline JohnnyReb

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Re: Under 0bama, will the dollar reach parity with the South Korean Won?
« Reply #3 on: December 05, 2009, 04:18:47 AM »
Save your Confederate money boys........you're gonna need it.
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