Quote Originally Posted by GRG55 View Post
As Finster is fond of reminding us, these things are always relative.

Let us not confuse a declining confidence in the Euro, and other currencies, with some sort of improvement in confidence in the bonar.

The currencies of countries running deficits, instead of surpluses, would seem to be particularly risky over time. Why would the US $ be an exception?
1) Habit
2) Military strength
3) Political stability
4) Size

I'm not saying that in the long run the bonar won't suffer . . . . I'm saying that from an investment perspecitive, in the near future or longer, the dollar maybe best among a plethora of bad choices.

But . . . everybody's going to get poorer, no getting around that. :eek: