I had to go back to the link. I posted that for Decomposed since he had mentioned the decline of the dollar earlier, AND that GOLD was not going to be the place to store your cashola. He said cash is king for the immediate future, if I am not mistaken.----------------
YOU ASK:
I'm trying to decide if this 'massive dollar run' is a good thing or a bad
thing for the U.S.
-------NORMALLY A VERY BAD THING, BUT THIS ARTICLE MAKES IT SEEM AS THOUGH THE DOLLAR WILL HOLD ITS VALUE.
---------
When one talks of a 'bank run' it usually means very bad news for the bank
in question - as depositors flock to yank their moneys out of it.
--------
BANK RUN AS IN THE MOVIE, "IT'S A WONDERFUL LIFE" WITH JIMMY STEWART (I LOVED THAT MOVIE) - A VERY BAD THING.
-------------
Would a 'massive dollar run' mean foreigners are trying to unwind their
dependence on the dollar for international transactions? Which could be bad
for the United States . . .
------
IT SAYS, "THERE IS NO SUBSTITUTE FOR THE GREENBACK ON THE GLOBAL STAGE..."............SO, IT APPEARS RE: MASSIVE DOLLAR RUN THAT THERE ARE NO WORRIES, IMO.
--------------
But the article lists six decent reasons for why foreigners will not be
trying to end their dependence on the Almighty Dollar.
THAT IS EXACTLY HOW I READ IT, TOO. WHY DID THEY NAME THE ARTICLE, "MASSIVE DOLLAR RUN?" I AM STYMIED BY THAT TITLE, UPON READING IT IN MORE DEPTH.
-------------
I'll give you a seventh. Other than gold (which, it seems, is not portable
enough for international transactions) is there a medium of exchange more
trusted anywhere on this planet than the dollar?
---
NO. I can't find it in that article, nor can I think of a currency which would be more consistently reliable.
----------
| 