Quote from: notme on August 24, 2014, 10:55:03 PM

Quote from: peeveepee on August 24, 2014, 09:42:25 PM

Quote from: Elwar on August 24, 2014, 08:17:19 PM

Quote from: cinder on August 24, 2014, 05:55:15 PM

The question is, is is fair to compare USD to Zimbabwe when US still have the strongest military in the world.

It is the strongest military today because it is paid for with higher and higher debt that cannot be maintained.

The dollar is a liability backed solely by the military which exists solely because countries are willing to borrow our dollars.

When that stops it all comes falling down.

Hard to stop something as gigantic as US.

Not saying it will not decay over time. But I do not see it falling down during our life time.

Chinese and Russian investors are still soaking up as much high end US real estate as they can get their hands on, and investing heavily in our companies. They will have to start investing way more of their money at home before they will be willing to cut us loose.

That is a way to hedge the dollar holding and a good way to invest.

High end real estate in China and Russia are actually a lot more expensive than US. Not to mention the perk of having clean air, clean water, good neighbors and good infrastructure in the US.