RE: FIFO Sucks, The Taxman F***s
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I agree with you on this. Those who think the USD is going anywhere anytime soon are mistaken. The global financial system is based upon trust and that takes a long time to develop. Plus, to act as the reserve currency, the banking system tied to it has to be advanced.
This is what happened 100 years ago when the USD started to take hold over the GBP.
We are in the same situation. The more disruption that occurs, the stronger the USD will become. Other currencies will bite it first.
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Yeah, I agree most other currencies will be in trouble first. I have to wonder though how the world is going to get out of the debt trap. I've heard talk about the ECB introducing perpetual bonds. Only interests would be paid. That's one potential trick.
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