Quote:
Originally Posted by zimmy61
Globe and Mail Update
China's move to diversify its $1.43-trillion (U.S.) in foreign reserves caused a collapse in the U.S. dollar Wednesday and sent the Canadian currency hurtling over the $1.10 mark.
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I never understood financial things(no investments or anything), and always viewed the market as being rigged and riding on thin air......, stringing everyone out on a false promise, etc.
I thought the market was maybe due for a 2,000 point correction the other day, but I'm always wrong.
Who knows, maybe it won't totally collapse, maybe 'THEY' has figured out a way to hood-wink us all again.
I also truly believe that 'market collapses' are 'Timed' to World Wars(curiously
).
I'm thinking what happens in a Big City when the Economy Tanks?
This isn't like 1929, this is Fully Armed/Full Metal Jacket ....life in modern times(and I don't think things will be pretty if things get bad).
I know the Germans were looking for a 'Good Leader' when their Mark crashed, so I wonder what will happen in the U.S. during Hard Times?