tag:blogger.com,1999:blog-3310402797768514899.post4902057593538625820..comments2023-11-05T03:39:11.575-05:00Comments on The Technical Take: Fundamental Driver For Dollar's Downfall?Guy M. Lernerhttp://www.blogger.com/profile/09198161809721597881noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3310402797768514899.post-13223584858050632492009-07-18T03:24:46.716-04:002009-07-18T03:24:46.716-04:00The dollar will fall against what? BTW, I hate pou...The dollar will fall against what? BTW, I hate pound sterling even more though. At least the dollar will be propped up because of the enormous amount of debt (I think about $40 billion) that was demoninated in dollars.Aki_Izayoihttps://www.blogger.com/profile/02616285325005330787noreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-20860535660085963222009-07-17T17:02:40.582-04:002009-07-17T17:02:40.582-04:00How exactly do you devalue a floating currency whe...How exactly do you devalue a floating currency when there is no gold standard and no fixed exchange rates ? You can't do it by edict the way it was done in 1933 ! Exchange rates are determined by traders not by governments so how can it be done in a controlled way ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-74662026255188227742009-07-17T14:24:35.033-04:002009-07-17T14:24:35.033-04:00Definitely Rosenberg is a brilliant economist, one...Definitely Rosenberg is a brilliant economist, one I read with pleasure every day.<br /><br />I personally think the only way for the government to destroy the dollar in today's environment is to panic investors (something like north to 10$ trillions of paper out of nothing). I say this because the outstanding debt is 50$ trillions. So that would be 10 more Obama plans (or something like that).<br /><br />Also good to remember is the Bank of Japan, the worst in the world, not being capable of destroying the value of they own currency and they try for more than 10 years now. It's not that easy to destroy a currency :)<br /><br />thanks and have a good weekenddaciannoreply@blogger.com