naked capitalism Thu 2009-10-15 17:12 EDT
Hyperinflation, national bankruptcy, dollar crash and other exaggerations
Marc Faber, Martin Wolf... George Soros' comments on dollar weakness: ``The dollar is a very weak currency except all the others.'' Right now, there is no alternative to the dollar. Some people are fleeing U.S. assets if they can. But the alternatives are limited and this limits how far the dollar will fall. And this is unfortunate because the monetary system now in place is in need of change. Without it, we are likely to see nationalistic policy responses to economic weakness, which will induce conflict.
dollar crash; exaggerated; Hyperinflation; naked capitalism; nationalized bankruptcy.