Comment: Making the assumption that other currencies will go up

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In reply to comment: Texas Little El (see in situ)

Making the assumption that other currencies will go up

I am of the opinion that the purchasing power of all currencies will drop. We aren't looking at just a dip in the US Dollar, but a global depression spurred by a lack of confidence in the Euro, Dollar and ultimately the Yuan.

The Yuan can't stand on its own. China needs the US since we are their major trading partner. When our financials go belly up, watch the yuan stay high compared to the dollar, but no one will be able to afford the products that China is producing. This will lead to a devaluation of the Yuan over a short time span.

I will write more later, off to get some work done for the day.