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GEORGE SOROS INTERVIEW

7 April 2009 by TPC 3 Comments

This is a great interview.  Soros has been incredibly prescient.

Part 2

Part 3

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  • Alex said:

    It is worrying that he said he knows what will happen to the dollar but is not at libery to discuss it. Dollar replacement anyone?

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    TPC Reply:
    April 7th, 2009 at 4:34 PM

    I'm still trying to wrap my brain around the implications of a potential dollar replacement. Any thoughts? The likely replacement would be a basket of course, but I am not sure that that would necessarily have hugely negative impacts on the USD.

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    Alex Reply:
    April 7th, 2009 at 5:01 PM

    I don't know if it will have a negative impact on the USD. I mean…the strength of the USD is its reserve currency status. If we can no longer print as much money, that means we as a country will have to live within our means more. It is uncharted waters. As for a replacement…I couldn't even guess. I hope it is actually backed up by something other than the full faith of the IMF and UN! My guess is probably it will start off as a sort of coupon for international transactions, like for oil, rather than an actual currency that we will all start using…at least for now…

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    # 7 April 2009 at 4:23 PM