Wednesday, November 7, 2012
The First 12 Hours of a US Dollar Collapse
Not a bad little docu-drama about the onset of a US dollar collapse. There are a few inconsistencies, I believe some of the fictional “market moves” depicted would not occur because gap limits would kick in and suspend the trading session. I also believe that a 1700 point drop in the DOW would trigger a banking holiday as opposed to a 2-hour trading halt.
But that said, this is the scenario nobody thinks is possible but really at the end of the day, it’s not like the US can print money and live on debt forever right? So when something cannot go on forever what happens when it stops?