http://brian.magierski.com/2008/07/07/forstmanns-view-on-the-credit-crisis/#utm_source=rss&utm_medium=rss&utm_campaign=forstmanns-view-on-the-credit-crisis Entrepreneurial finance, venture capital, tech deals, Enterprise 2.0, Collaborative Applications - brian.magierski.com Tue, 02 Mar 2010 07:59:06 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://brian.magierski.com/2008/07/07/forstmanns-view-on-the-credit-crisis/comment-page-1/#comment-31077 SteveElmore Mon, 07 Jul 2008 22:15:06 +0000 http://brian.magierski.com/2008/07/07/forstmanns-view-on-the-credit-crisis/#comment-31077 Frightening! This also extends to the Federal Government and how they have allowed the dollar to devalue. It certainly makes our debt cheaper over time. You may recall that OPEC had a fit when we went off the gold standard and then decided to peg oil to gold. The problem is, there's not enough gold to match even what is in circulation in the U.S. (around $4 trillion). Gold would have to double in price, just as oil has. There is a lot going on here. Frightening! This also extends to the Federal Government and how they have allowed the dollar to devalue. It certainly makes our debt cheaper over time. You may recall that OPEC had a fit when we went off the gold standard and then decided to peg oil to gold. The problem is, there's not enough gold to match even what is in circulation in the U.S. (around $4 trillion). Gold would have to double in price, just as oil has. There is a lot going on here.

]]> http://brian.magierski.com/2008/07/07/forstmanns-view-on-the-credit-crisis/comment-page-1/#comment-8280 SteveElmore Mon, 07 Jul 2008 16:15:06 +0000 http://brian.magierski.com/2008/07/07/forstmanns-view-on-the-credit-crisis/#comment-8280 Frightening! This also extends to the Federal Government and how they have allowed the dollar to devalue. It certainly makes our debt cheaper over time. You may recall that OPEC had a fit when we went off the gold standard and then decided to peg oil to gold. The problem is, there's not enough gold to match even what is in circulation in the U.S. (around $4 trillion). Gold would have to double in price, just as oil has. There is a lot going on here. Frightening! This also extends to the Federal Government and how they have allowed the dollar to devalue. It certainly makes our debt cheaper over time. You may recall that OPEC had a fit when we went off the gold standard and then decided to peg oil to gold. The problem is, there's not enough gold to match even what is in circulation in the U.S. (around $4 trillion). Gold would have to double in price, just as oil has. There is a lot going on here.

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