(March 22, 2011 at 4:39 am)theVOID Wrote:(March 21, 2011 at 4:59 pm)Minimalist Wrote:Quote:Some people genuinely give a shit about the looming debt crisis and collapse of the US dollar:
But most of the rich cocksuckers merely see it as an opportunity to fuck the poor and expand their own agenda.
Not event the Rich can profit from a dollar that plummets in value, they stand to lose the bulk of their wealth.
It is those living in the US whose assets are tied to where they live and whose normal living expenditures accounts for bulk of their income who are most inextricably doomed to suffer the consequences of plummet in value of dollar. They really can not hedge against a fall in dollar and are mostly helpless victims. They represent most of the working class.
If you are not a member of the working class, and large parts of your income is disposible and much of your asset can be freely invested overseas, then you can hedge against a fall in dollar. If you don't, then you deserve to eat turnips for the rest of your life if you lose your wealth in a dollar collapse.
