Will USA default first ? Euro zone dept situation 2010 economic forecast

I recommend this video about Greece dept and Euro zone


http://www.youtube.com/watch?v=9tAz7HuI8ok

Category:

Education

Tags:

• Hyperinflation
• dollar
• debase
• euro
• zone

[actionmethod]

haha, hyperinflation, c'mon, look up the definiton and say you're serious. All you say is weird. 1 minute was enough.

[Alexiscom1]

@actionmethod Today I would say the same to describe the actual situation. We start seeing the weakening in the bond markets specially in the Euro zone. I only change my mind of the idea to go to the collapse sooner, it wont be easier to do it sooner

[rayme4raw]

You're right, it would be better for us to have the collapse happen sooner rather than later. We will have a global currency collapse as all Fiat currencies are called into question. In March 2010, wall street will get the Xmas 2009 figures, I can see another stock market crash. Right now no one can figure out where to stash their wealth. Other countries are running out of $ to buy US bonds, there are too many market forces that will show that Govts trying to manage the economy will fail.

[Alexiscom1]

The official statistic are cooked I wont be surprise that they report Christmas sales up to pros pound the collapse of the dollar. I believe that the international dollars holders will pull the plough or terrorist attack but not the Us government it self. Or other major country default before the US and the Us government will say sorry we did all we can

[cloudsurfer007]

A currency collapse causes depressions. Depressions cause war and/or revolution.

A currency collapse doesn't affect one country, it affects ALL OF THEM! There has got to me a more rational way to resolve this matter

[Alexiscom1]

I dont understand, do you mean that USA will be able to pay his dept without devaluing the dollar? Please explain how. If the Us government decide not to devalue the dollar then they will have to default and that will debase the dollar anyway.

[Playboysmurf1]

The real question is what will collapse first the EU or the USD, because if one goes the other will follow.

[actionmethod]

@Alexiscom1 What's up with all these normative statements? Say something other than your own take, and maybe someone would care.

[jmallton]

The dollar isnt collapsing any time soon.....actually there will be a rush to the dollar in the short term due to the EU financial crisis.

[NJRocks281]

Your smart dude, you predicted this well. Back in December.

[cloudsurfer007]

Money flows in a circle from producers to wage earners/consumers with banks and the government in the center as a referee using regulation and taxation to control distribution.The reason the economy ain't workin is major leakages out of the system such as oil imports, unfair trade, war and retirement shortfalls caused by tax cuts for the rich. Get rid of the leaks and no more devaluation or currency collapse. Of course this would be the end of the GOP, & 40 years of bad politics...oh well...