Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

Free
Message: kinda OT and longwinded...but bare with me

kinda OT and longwinded...but bare with me

posted on Jan 13, 2008 02:14AM

guys forgive the "nonkry" nature of this post but we have some good minds here and i think this is a very simple beginning to an argument that raises some good questions about where the economy goes from here...besides, it's sunday.

economics 101: the law of supply and demand (everything else is just fluff).

a weakening dollar: i believe this is the case due to the cost inflation i see in my personal life (anyone that believes we have no inflation please go to the grocery store/hardware store or gas pump, the numbers that are'nt figured into inflation indexs).

credit crunch: retail/commercial consumers are finding it next to impossible to secure loans (i personally know that it is much more difficult to secure a business loan today compared to 2 years ago).

my dilemma is this: if the demand for the dollar is so high (i.e. credit demand) then why is the dollar not going up? the global economy is certainly a factor with countries not wanting to accept US dollars but it's becoming evident that other countries currencies are also beginning to get weaker...so the question is...do we all go down the toilet together or will a winner evolve from this mess? and what will that lead to? it has historically led to war but global war may no longer be a legitimate option due to technological advances.

Share
New Message
Please login to post a reply