[lbo-talk] Why is the U.S. dollar regarded as a safe haven.

Carrol Cox cbcox at ilstu.edu
Fri Oct 24 21:11:35 PDT 2008


Bob Morris wrote:
>
> >
> >
> > The U.S. economy is in very bad shape and the debt is ballooning. Why buy
> > the U.S. dollar?
> >
>
> In the land of the blind, the one-eyed man is king. AKA "last man standing"

Perhaps 'they' know something that we don't: That Europe, England, Russia, China are _also_ in very bad shape, and that as bad off as the U.S. is, the rest are as bad or worse??

If the crisis _is_ worldwide, then the safest place is whatever place is least apt to be wracked by riots.

Carrol



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