RE: The US Dollar Is Going To Skyrocket
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Now the question is what happens when there are mass defaults all across the world. Since most things with dollar debt are short the dollar and if the dollar goes up, its just going to hurt anyone short the dollar.
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It hurts those shorting as well as obliterating those countries where debtors have to convert their currency to dollars to pay. That means the debts get a lot more expensive, in terms of their own currency which they operate in.
This is not going to be a pretty sight and will cause a lot of economic turmoil. Simply look at the Evergrande situation, etal, and extrapolate that out.
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